What's really scary here is that so many of these young people voted for this nightmare but had no idea what they were voting for, they just knew they had to be able to say they voted for 'hope and change' promised by the new guy. Now the new guy's administration is coming after them to pick up the tab for ObamaCare which they don't want or need.
 
What a turn of fate for the young millennials - cheering for the new way of life that was promised as they voted twice for the new reality, but find now they were just used and abused for their vote.
 
Do they see the irony and tragedy here, only time will tell when the bill comes in the mail for them to pay up or go to jail. Maybe reality will bring clarity to the nightmare.
 
Obama Hopes Young People Suck at Math
By Collin Roth
Roth, 25, is the associate editor of RightWisconsin.com
 
The headlines are hard to avoid at this point. The Obamacare train wreck is making its way closer with more mishaps, more delays, more privacy concerns, and more costs. But perhaps the biggest gamble of all that Team Obama has taken is that young people cannot do math.
 
Obamacare is such a bad deal for young people that this so-called "Affordable Care Act"  involves an individual mandate to compel the purchase of healthcare coverage with a concomitant monetary penalty if one chooses to opt out. Sounds great already doesn’t it?
 
But it’s the nitty gritty details about Obamacare and the 'young invincibles’ that really brings home how much of Obamacare is based on bad math.
 
According to a study from the National Center for Public Policy Research, there are approximately 6 million 18-34 single and childless adults who will be eligible to purchase healthcare in the healthcare exchanges. These are young people who do not have insurance because their employer doesn’t offer it, their employer dropped it, or they simply don’t want it.
 
Of these 6 million young Americans, they will have to decide whether to pay a $95 penalty in 2014 or purchase healthcare. If young people don’t pay the $95 penalty, the National Center for Public Policy Research found that approximately 3.7 million young Americans would pay around $500 out of pocket for a Bronze healthcare plan, and another 3 million would pay $1,000 out of pocket. Not small money.
 
The Obama administration has said that they need 2.7 million 'young invincibles’ to purchase healthcare on the exchanges in 2014 for the exchanges to work. Otherwise, a 'death spiral’ of ever increasing prices as the insurance pool becomes older and less healthy results. You see, the whole gamble is based on young healthy people paying hundreds if not thousands of dollars out of pocket for a product they won’t likely use.
 
The study explains the 'death spiral’ this way:
 
If the exchanges do not attract a sufficient number of people in the 18-34 age demographic, they will eventually enter an insurance "death spiral." This occurs when the young and healthy drop out of the "insurance pool." This leads to "adverse selection" in which insurance is only attractive to those who are generally older and sicker. If the insurance pool is comprised largely of people who are older and sicker, then insurance prices will rise to cover their costs. That rate increase causes even more young and healthy people drop their insurance, leaving the pools even older and sicker than before, and so on. Eventually, all but a few insurers will be forced to discontinue their business on the exchanges because they can no longer make a profit. Fewer insurers means less competition, resulting in even higher insurance premiums.
 
The success of the Obamacare healthcare exchange really comes down to whether young people really want to pay $500 or $1,000 for healthcare they may not want. If enough of them understand math, millions will opt to pay the $95 penalty. 
 
And if too many pay the penalty, that sound you hear is a train going off the rails.