Bankrate.com insurance analyst Doug Whiteman contends that the main problem is that Americans remain unfamiliar with the details of the Affordable Care Act and are unaware of the subsidies that are provided under the program.
"This is a staggeringly high percentage," said Whiteman. "The government has spent over half a billion dollars promoting the Affordable Care Act, and more than two-thirds of uninsured Americans still don't know about the subsidies."
But that assumes that those Americans would even qualify for the subsidies provided under the program.
Unfortunately, that is not the case.
A new subset of uninsured people is finding it doesn't fit into any of the affordable healthcare plans offered through the Affordable Care Act.
Many middle-class Americans are falling through the cracks after being dumped into the Obamacare marketplace. They can't get a subsidy because they earn too much, and they can't find an insurance plan they can reasonably afford, forcing some to make a tough decision: to go without health insurance.
Those impacted are mostly young and healthy and therefore tend to opt out of health insurance, which will certainly negatively impact the costs associated with ObamaCare.
As Fox News reports, “Experts say the health care program needs 40 percent of all enrollees to be between 18 and 34 years old — a prized demographic known in the industry as the ‘young invincibles.’ They are considered young, healthy and relatively cheap to care for and are necessary to subsidize older and more expensive enrollees.” In order to keep prices on those plans affordable, ObamaCare proponents are pushing to get seven million or so people enrolled by 2014, and in particular are hoping to see nearly three million young adults sign up.
Despite this goal, however, many young people simply cannot afford the costs of insurance. A key provision in the healthcare law states that insurers must charge older Americans no more than three times what they charge younger, healthier adults. The result of this is that young adults are now facing higher premiums than prior to the implementation of the healthcare law, and naturally they are not keen to pay the hiked rates.
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