No. of Recommendations: 8
whyohwhyoh posts,

Estimates may be well below what was forecasted, but it is still going to be more than double the current price for 25-40 year olds.

Per Forbes, in California 40 year old was $121/month, new rate under Obamacare is $261/month.

For 25 year olds, price was $92/month, under Obamacare between $184-$205/month.

So for younger 25-40 year olds who are relatively healthy and purchase insurance on there own.. they will see a substantial increase.

So for relatively healthy younger early retirees, rates will increase by a large amount, unless your income drops low enough into the "low income" category. Then you get discounts off the published rates.


That Forbes column by Avik Roy has already be debunked. He uses a low-ball ehealthinsurance premium that only a small portion of 25-40 year olds qualify for and compares it to an Obamacare premium available to 100% of the 25-40 year old population. Apples vs. Oranges comparison.

I concede that if you have the health & fitness of an astronaut, you might get a better price under the current system.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.