Obamacare = generational theft

Remember those lower health insurance premiums Obamacare would bring us? Don’t count on it—especially if you’re young. The Associated Press reports that a new analysis by Rand Health predicts premiums for young adults could rise as much as 17 percent under the new law.

The new age rating requirement is the culprit. It bars insurers from charging older patients much more than their younger, healthier customers. Today, the AP notes, “Insurers typically charge six or seven times as much to older customers as to younger ones in states with no restrictions. The new law limits the ratio to 3-to-1….” So how will insurers make up the difference? It will be “will be shouldered by young people in the form of higher premiums."