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.