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...shame that we choose to focus on these side issues when a major part of the problem is the fact that 28 percent of people in the 18-24 age group are uninsured, the highest of any group. There needs to be a voice telling students that the current healthcare bill in Congress will have a direct effect on our lives from the day we graduate until retirement. The healthcare system that has been handed down since World War II is certainly broken in many ways, but the current “reform” plans need to be fully...

Author: By James L. Wu | Title: Obamacare Good for Us? | 1/29/2010 | See Source »

...healthcare insurance. This poses an immediate and steep cost for young people who do not have access to steady income or employer benefits. Harvard’s Student Health Plan, which is required for all students, even those with family health plans, was a product of the current Massachusetts healthcare bill that includes a personal mandate,. Students now incur a minimum of an additional $1000 per year cost added on the term bill, and roughly triple that for those who subscribe to Harvard’s Blue Cross Blue Shield plan. Compared to other groups, like seniors, who are covered...

Author: By James L. Wu | Title: Obamacare Good for Us? | 1/29/2010 | See Source »

...impact of the mandate on the youngest age groups because they tend to be the healthiest and the least prone to high-cost diseases, it is not the cure-all for healthcare that some politicians have claimed it to be. The proposal may actually make sense in the current economic climate—the employment rate for people aged 16-24 has fallen to a low of 51.4 percent. But this number has been falling consistently since its peak in 1989, which suggests that other factors may be influencing its decline, and it is not much different from the total...

Author: By James L. Wu | Title: Obamacare Good for Us? | 1/29/2010 | See Source »

...unlikely to reduce costs in the healthcare bureaucracy. In fact, the mandate has been shown to sharply increase the number of payers in the system, which artificially drives up demand and prices, as seen by the rising individual costs of Massachusetts healthcare under the state’s current universal plan. Since that reform passed, health insurers have raised premiums between 7-12 percent, greater than the national average of 5-7 percent increases. This makes Massachusetts the state with the highest average family healthcare plans, $13,788 per year, despite the carefully crafted reform bill. Thus, the price control...

Author: By James L. Wu | Title: Obamacare Good for Us? | 1/29/2010 | See Source »

...among people ages 20-34. The Democrats’ healthcare plan would require all small businesses with payrolls over $400,000—around one million employers—to cover healthcare or pay an 8 percent surcharge. This means that the added bureaucracy and taxes of the current healthcare bill will stymie future innovation...

Author: By James L. Wu | Title: Obamacare Good for Us? | 1/29/2010 | See Source »

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