What is Obamacare Anyway? What Young Adults Need to Know About Health Insurance
The extension of parental dependency among 20 somethings in the new millennia is a boundless social phenomenon. As post-high school adults lean longer on their parents than previous generations—with the putrid job market and instant gratification world being the main offenders—the pillars of our society can’t help but conform to this generous line of credit. So, for the past three years, under-zealous young adults have been able to stay on their parents’ insurance until the ripe old age of 26.
If the insurance charity has been in place for three years, why do we bring it up now? Use your aprons to rub the sleepies from your eyes young readers! The Affordable Care Act—aka Obamacare—is officially law after three years of slow implementation. If you had no idea about this, don’t worry, mom and dad have you covered. Also, kudos. Your ignorance means you probably haven’t had to visit the campus clinic—you’ve been safe!
As per a super-official document with White House letterhead and everything, the increase in insurance coverage is for a few reasons:
“Young adults have the highest rate of uninsured of any age group.”
Dang. According to the White House, 30 percent of shiny new adults aren’t covered by insurance. That demographic represents ONE-FIFTH of all uninsured people.
“Young adults have the lowest rate of access to employer-based insurance.”
This is really the government saying, “Sorry you can’t get real jobs with real benefits, our bad. But can we get that non-fat with extra whipped cream?”
“Young adults’ health and finances are at risk.”
Twenty-somethings get sick like everybody else but can’t afford to pay their medical bills on $8 an hour. Studies have published at websites like https://www.marketreview.com/insurance/life/ that similar numbers are generated regarding the insurances that young adults have.
Aw, government, you shouldn’t have!
The best part about making your parents pay for even more stuff is that preexisting conditions are covered. Now, if you have diabetes, asthma, or ever had a life threatening lung disease, you won’t be treated like a leper. If the thought of prolonged financial dependence AND free health care have you shouting “SIGN ME UP,” don’t worry—your parents will do it for you!
In all seriousness, health insurance is a fickle concept. It feels like a waste of money when you’re healthy and can seem like it matters little when you’re sick. But the truth is, health insurance coverage and dramatically lower medical bills, which have a penchant for reaching astronomical proportions. No matter your political leanings, choose not to be ignorant: find out if your covered by your parents, and if you’re not, spend some time reviewing your options at the Health Insurance Marketplace. Because keg stand injuries are serious, and could negatively effect your Barista career.
Stay healthy my friends.
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