Costs for Younger People Will Increase Under Health Law
Health plan premiums for young adults on the individual market will be an average of 17% higher in 2014, when most Americans will be required to have coverage or pay a penalty, according to an Associated Press analysis. While insurers currently can charge older individuals more for insurance, the new health reform law prohibits that practice and, thus insurers will be relying on younger adults to take on more costs.
- "Health Premiums Could Rise 17% for Young Adults" (Johnson, AP/Washington Post, 3/29).