The new healthcare law, although good-natured, is a direct attack on the millennials. Thankfully, we are able to stay on our parents’ healthcare plans until 26, but that does not mean that costs are any lower.
The law has great intentions, but this bill has a direct effect on the majority of millennials. The bill will “lower” costs by pooling more individuals by outlawing any pre-existing condition discrimination, other than active tobacco users, resulting in insurance companies charging everyone equally.
Quick thinking makes one realize that a twenty-year-old male will pay the same as his father for the same coverage. This may seem great, but for insurance companies to afford this, since the older male is at higher risk for medical needs, they must raise the youths’ premiums. Once other factors, such as life choices, are weighed in it is obvious the bill is quite discriminatory.
Furthermore, the idea that we are going to make healthcare mandatory, or one faces a financial penalty, is simply absurd. The need for a “proper” health insurance plan regulated by the Federal Government for every single American is unnecessary.
The average yearly premium will cost more for young adults than if they were simply to pay out of pocket for any medical expenses. Making matters worse, the penalty is to be paid out of one’s tax return.
The fact that the penalty is charged from tax returns makes it a disadvantage against many Americans; since, disproportionately, more millennials and poor citizens receive tax returns. This forces, upon many others, an unfair and unnecessary cost for the generation.
The fact that this is becoming law only further proves Washington’s disconnect and ignorance of America’s young adults. We see every day that Washington does not care about the millennials.
We see lawmakers caring little about our futures; Social Security, Medicare, student debt, and public funding for state institutions are just some of the forgotten issues. Unfortunately, lawmakers know young voters do not express their political clout as well as their elders.
The law also makes large companies, who employ 50 or more, provide healthcare to every employee whom works more than 30 hours. Although this sounds great, it will end up hurting not just the youth, but anyone whose hours could easily be cut below 30 hours.
The majority of these hour cuts will hurt already cash-strapped individuals, as if we do not already have a serious enough underemployment problem.
The most frustrating idea of it all, is the fact that the government is now making it more expensive for recent college graduates to get onto their feet.
The millennials are already stuck funding a broken Social Security and Medicare system, and are now going to be left funding a poorly constructed affordable healthcare arrangement.
On top of these failing systems, most students are left with monthly student debt payments larger than the government should ever impose. Unfortunately, until we stand up for ourselves and become a more politically active generation, we will continue to see laws unfairly leveraging us to pay our elders’ bills.