10:26 - Why ObamaCare Is As Doomed as Prohibition: Premiums Rise 260% For Young People
The media -- oops, I mean Obama -- need young, healthy people to sign up for insurance they don't need in order to fund ObamaCare. Here is why that isn't likely to happen:
Health insurance premiums for young people will rise in all 50 states under Obamacare, with an average increase of 260 percent, according to a study released Thursday.
The young and healthy segment of the uninsured is considered crucial for the Affordable Care Act to succeed. Former President Bill Clinton suggested last week that Obamacare only works “if young people show up.”
However, an analysis of premiums both before and after the implementation of Obamacare shows that 18- to 35-year-olds are likely to opt out of high rates in the exchanges in favor of cheaper penalties for not having insurance.
Just like the government's ill-fated attempt to stop Americans from imbibing during Prohibition, I suspect that the government is about to learn once again that you can only push the American people so far.
And attempting to force people to buy what they don not want or need is too far.