The President and his hired guns have figured out that smart, independent, free-thinking millennials know Obamacare is a sham. Sophisticated young consumers realize they shouldn’t pay overpriced monthly insurance rates when they can just pay $95 if they get sick.
But an article in the Times yesterday said (my emphasis):
But many consumers, particularly younger ones, may ultimately decide to consider their odds: A person 25 to 34 years old (insured or not) had a 5 percent chance of incurring medical bills of at least $27,000 in 2011, according to the Kaiser Family Foundation. The chance of ending up with a bill that exceeded $13,000 was 10 percent.
“Most medical bills are racked up by a relatively small percentage of the population, whether you’re young or old,” said Larry Levitt, a senior vice president and co-executive director of the Program for the Study of Health Reform and Private Insurance at Kaiser. “The real point of insurance is to protect against these catastrophic medical events, which few people could pay for without coverage.”
I don't like paying for health insurance either. Or home, car or life insurance for that matter. But, really, isn't it the prudent thing to do?