Monday, November 18, 2013

Get prepared for the Obamacare insurance exchange rate death spiral...

Early results indicate young people aren't interested. When it comes to a new iPhone or health insurance they think they don't need, young people are getting an iPhone. 
In California, the state with the largest uninsured population, most of those who applied were older people with health problems. In Kentucky, nearly 3 of 4 enrollees were over 35. In Washington state, about 23 percent of enrollees were between 18 and 34. And in Ohio, groups helping with enrollment described many of those coming to them as older residents who lost their jobs and health coverage during the recession.
"They have been putting off treatment for a long time, just praying they live until they turn 65 and qualify for Medicare," said Lisa Hamler-Fugitt, executive director of the Ohio Association of Foodbanks, which received federal grant money to help people establish coverage.
That people with serious health conditions would be the first to take advantage of the Affordable Care Act was expected. But that direction must shift.
In general, someone in his 60s uses $6 in health care services for every $1 tallied by someone in his 20s... Keep on reading...

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