Structure of financial incentives could result in rising
premiums, insurance death spiral
Millions of young people could save hundreds of dollars a
year by avoiding Obamacare’s insurance exchanges and paying the penalty, a
new report examining the law’s financial
incentives finds.
About 3.7 million people between the 18 and 34 years old
will save at least over $500 next year if they do not buy health insurance through
the exchanges, according to the study by National Center for Public Policy
Research health care policy analyst David Hogberg. Of those, just over 3
million will save over $1,000 per year.
While the law has put in place two primary incentives to
encourage people to buy insurance—subsidies and the individual mandate—these
are not enough to make the subsidies economically worthwhile for many young
people, Hogberg contends.
CONTINUED: http://freebeacon.com/report-millions-have-incentive-to-avoid-obamacare-exchanges-pay-penalty/
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