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View Diary: Why is nobody talking about the OTHER Obamacare subsidy? (178 comments)

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  •  The subsidies are part of the law, contrary to (24+ / 0-)

    what you're saying.  On the other point, I don't think most young people are as unaware as you're claiming.  Even if you get insurance through your workplace, if you're young, you pay the same premium as someone who's old.  In fact, if you get it through your workplace, there's no differentiation at all.  Most important, before the ACA, you could pay and pay into the system while you were young and then find you couldn't get it when you were older and really needed it.  That's a huge thing that the ACA is changing.

    •  The issue of whther younger people in group plans (0+ / 0-)

      are paying more or less than older workers is not as clear cut as you may imagine.

      Group policies quoted to employers already (in many states) factor in the age-assortment of the particular workplace.  So a work place with relatively few older workers would likely get a better quote from an insurance company than a similarly-sized one with predominately older workers.

      For instance: (Using completely made-up examples) a strip joint which has mostly younger employees probably would get a lower rate than say a company that repairs antique watches where most of the workers have been on the job for decades, and so are older and possibly more sedentary in their worklife.  


      •  Yes. The issue is the risk pool. (0+ / 0-)

        The exchanges are a larger risk pool overall than individuals have usually been in.

        The decision to allow age rating was a political and economic decision. It could have been done otherwise.

      •  However, as you showed, the higher (0+ / 0-)

        premiums etc for the company with older workers has even more reason to ditch older workers and hire young ones. Having more uniform premiums takes away that incentive.

        I'm asking you to believe. Not in my ability to bring about real change in Washington ... *I'm asking you to believe in yours.* Barack Obama

        by samddobermann on Sat Nov 23, 2013 at 03:47:45 PM PST

        [ Parent ]

    •  Youth subsidizing elders (0+ / 0-)

      Spot on--younger workers do subsidize older ones in employer provided plans.  The premium rates for a particular employer's plan may vary depending on the age composition of that employer's workforce, but within that employer's workforce, each employee typically contributes the same amount for the same coverage regardless of age or gender.  If employer plans were suddenly changed so older workers had to contribute three times as much as younger ones for the same coverage, the older ones would be screaming bloody hell.  

      (And there might be some ADEA issues or underwriting problems with charging oldsters more in an employer provided plan . . . but I really don't recall any youth protest over Reagan's ADEA favoring older workers at the expense of younger ones.)

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