4 Reasons That Young Adults Won't Sign Up for the Affordable Care Act

Share
Copy

Assuming no major medical issues, foregoing insurance in 2014 will on average save young invincibles more than $1,000. Not only do the uninsured who visit the doctor spend less on these visits per year than their insured peers (an estimated $253 for the uninsured, as opposed to $517 for the insured), the penalty for being uninsured in 2014 is dwarfed by premium costs for the insured. While it is impossible to rule out the onset of certain conditions or an accident, young adults with the stomach for calculated risk are likely to opt for being uninsured—and therefore potentially saving thousands of dollars.

This work is the opinion of the columnist and in no way reflects the opinion of ABC News.

Napala Pratini writes for NerdWallet Health, the consumer finance website that empowers patients to find high quality, affordable health care and insurance.

Page
  • 1
  • |
  • 2
Join the Discussion
blog comments powered by Disqus
 
You Might Also Like...
See It, Share It
PHOTO: Chris Soules and Whitney Bischoff are seen at ABC Studios for Good Morning America on March 10, 2015 in New York.
Josiah Kamau/BuzzFoto/Getty Images
PHOTO: Former Olympic athlete Bruce Jenner arrives at the Annual Charity Day hosted by Cantor Fitzgerald and BGC Partners, in New York, Sept. 11, 2013.
Mark Von Holden/Invision/AP Photo
PHOTO: The Lamborghini SpA Urus sport-utility concept vehicle is unveiled during a Volkswagen AG event in Beijing, April 22, 2012.
Nelson Ching/Bloomberg/Getty Images
PHOTO: Researchers say that this skull, which shows two fractures believed to be created by blunt force trauma, is the earliest evidence of murder in human history.
Sala N/Arsuaga JL/Pantoja-Perez A/Pablos A/Marti­nez I/Quam RM