Obamacare News: Young People Aren’t Signing Up — and That’s a Problem

70% of people enrolled in Obamacare are 35 or older

By William White, InvestorPlace Writer


Obamacare may see more issues in the future as young people aren’t signing up for insurance.

Source: mailto:[email protected]

A recent report has shown that about 70% of people who have signed up for Obamacare are 35 years old or older. This misses the 40% target that the Obama administration had set for how many people under the age of 35 that it wanted signed up for insurance. The Obama administration was hoping more young people would enroll and help balance out the cost of health care for older people, reports Bloomberg.

If more young people don’t sign up for Obamacare by April, then insurance premiums may increase. In an effort to combat this, the Obama administration is targeting 25 cities where it will focus on helping young people sign up for health insurance. The effort will mainly target young males, as females already make up around 54% of the people that have signed up for Obamacare, Bloomberg notes.

“No group has been hit as hard by the Obama economy and Obamacare as America’s young people,” Don Stewart, a spokesman for Senate Minority Leader Mitch McConnell, told Politico. “After seeing massive premium increases and failed bureaucracy in the Obama administration, it’s no wonder they are staying away.”

The opinions contained in this column are solely those of the writer.
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