Obamacare: Medical Misery for America’s College Students

While many college students search for the next party to get drunk at or find themselves too preoccupied with their academics to care about world affairs, Washington has been busy crafting the most toxic piece of legislation since President Obama came into office – Obamacare. Even though it won’t “officially” be enacted until 2014, many of Obamacare’s provisions are in effect and are already wreaking havoc on our nation. Too bad most college students are trapped in their own protective bubbles to realize that their futures are already being torn apart by government bureaucrats.

Individual Mandate

First and foremost, the provision in Obamacare calling for an individual mandate should shock and terrify college students. Beginning in 2014, this provision will force all Americans to buy “government-approved health insurance,” which will cover products and services that not all Americans will want or need. Since we live in a society where we have the ability to buy products that we want and need, why on earth would any college student approve of “healthcare reform” that limits their freedom of choice? Looks like our president’s promise allowing us to keep our own health plans will not be fulfilled.

Rising Premiums

Premiums? Why should college students be concerned about those when mama and daddy are footing in the bill? Well, they should care about premiums especially now.  Back in 2009, Oliver Wyman, a consulting firm, concluded “that premiums for individuals will rise by $1,576 and $3,341 for families by under the bill” and that “premiums for new health insurance policies purchased by the youngest third of the population would rise by 35 percent under the bill.” Thanks to the “minimum medical loss ratio” (MLR) regulatory requirement, which “mandates that health insurance carriers spend most of the money they collect from premiums on direct medical care,” insurance carriers like The American Enterprise Group have been forced to end their non-group health insurance plans in 20 states across America. The result?  35,000 people will lose their healthcare coverage thanks to the anti-capitalistic MLR regulation that forces carriers to adopt “certain benefits.”

College students, is Uncle Sam really being just and fair after all? Don’t think so.

Jobs, Jobs, Jobs!

Are you thinking about going into the medical industry right after college, or possibly after eight hard-working years of med school? Well, think again! Obamacare has already been killing jobs in both medical corporations and hospitals in 2011 alone. In early November,the Stryker Corporation, a company based in Michigan that manufactures medical devices, announced that it will “cut 5 percent of its workforce over concerns about the impending 2.3 percent medical device tax prescribed by President Barack Obama’s health care overhaul.”  The purpose of this tax is “to raise $2.2 billion a year to help foot the bill for Obamacare”, according to Heritage Foundation policy analyst Kathryn Nix. With layoffs already starting to occur, it looks like those “guaranteed medical jobs” waiting for college students are not guaranteed after all. Besides the medical device industry, hospitals are already starting to lay off their employees. In fact, Southern New Hampshire Medical Center announced in late July that it would lay off 100 employees, mainly nurses. Why the 5% cut? Twila Brase, a registered nurse who is also the president of Citizens’ Council for Health Freedom, claims that “the industry is changing from patient care to paperwork. Fewer nurses are being hired because soaring data requirements have led to fewer dollars available in our health care systems. In the end, the Obama administration’s push for electronic medical records hurts families across the nation.”  Looks like college students who envisioned a “sunshine and lollipops” future in the medical industry will see their dreams crushed thanks to Obamacare’s universal mayhem.

We Can Stay On Our Parent’s Plan Until 26? Awesome!

But is this provision of Obamacare really that awesome? Sure, staying on your parent’s plan sounds quite reassuring and comforting in this time of economic uncertainty, but this provision will be devastating for college students in the long run. Once the time comes for college students to stop breastfeeding from their mama’s health plan and throw away their oversized pacifiers, they will have to pay very expensive premiums that they will not be able to afford. In fact, MIT economists Gorman Actuarial and Jonathan Gruber have already concluded that college students ages 19-29 will have to face a 34% increase in premiums in an individual market. Besides being financially burdensome, this provision will help with breeding more feckless men who lack “man pants” and find parental dependency to be as comforting as a pair of Pampers.

With all of the damage that Obamacare has already done, why are college students turning a blind cheek to it? Instead of occupying their college campuses and shamelessly declaring their self-inflicted oppression as the “99%” to the public, college students should rally together to demand the repeal of Obamacare. Our government already controls 51% of America’s healthcare economy. Now that we have Obamacare, we will only embark on the same path that both the Soviet Union and socialist Europe have taken if the Supreme Court rules it constitutional.

It is time for America’s college students to wake up and realize that they will not have a future if they continue to discount Obamacare’s disastrous impact.

 Anna Maria Hoffman // University of California at San Diego // @AM_Hoffman

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Comments

  1. Kelly Kafir says:

    I’ve already seen socialized medicine in the UK – lived there for 3 years… It SUCKS BIG TIME – and if they run out of pain meds for your surgery after care… well, sucks to be you! This is going to create a doctor and nursing shortage just like in the UK and the waiting times to be seen will be ridiculous!!

  2. To set the record straight right off the bat–I don’t support socialized medicine. We need more market competition, not less.

    However, your critique of the Individual Mandate seems rather shallow and reeks of fear-mongering. Insurance is a very complicated issue, and on one side of the discussion are some very good economic reasons for insurance to be mandated.

  3. @C, PLEASE name the good economic reasons to be forced to buy something I do no want.

  4. @Scott, the basic idea is this:

    Imagine all of us sat around before we were born and decided whether to buy insurance. None of us, at that point, knows how healthy he will be. Every single one of us will buy fairly priced insurance. However, one we’re born and find that we’re healthier or sicker than others, things change.

    Insurers will charge each customer a premium equal to the average payout. Lower-risk (healthier) people will not want to buy the insurance, since the risk of going uninsured is less than the insurance premium. Once the lowest-risk people have dropped out of the market, insurers will have to adjust premiums because the insurance pool is now higher-risk.

    Now, however, another group whose risk is lower than the now, higher premium, will drop out of the market. This continues in what is called a “Death Spiral” leading to a market failure where insurance is unavailable for anyone.

    Everyone, before birth, would have bought insurance, but now no one buys insurance, even those who would benefit greatly from it. If a social planner stepped in and mandated that everyone buy insurance, the lowest-risk people would lose slightly, but everyone else would gain far more, so society as a whole would be better off.

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