Monday, May 10, 2010

Coverage for 20 Somethings Will Drive Up Family Insurance Plans

I thought ObamaCare was going to "bend the cost curve downward." So far it is only bending things upward.

The new benefit will cost $3,380 for each dependent, raising premiums by 0.7 percent in 2011 for employer plans, according to the department's mid-range estimate. Some 1.2 million young adults are expected to sign up, more than half of whom would have been uninsured.

So each family pays $3380 extra a year to insure about 500,000 people? Of course these are the people least likely to need health insurance so this is just pure profit for the insurance companies. The more we get his with ObamaCare the more it seems like it was written by the insurance companies for the insurance companies.

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