Monday, April 5, 2010

More cost problems for Obamacare

Reports WSJ:

One provision of the health-care bill that is now law says that parents will be able to keep their dependent children on their health insurance policies up to age 26.

New work by a trio of economists, circulated by the National Bureau of Economic Research, suggests that could produce a significant increase in demand for health care from previously uninsured young adults. Using the National Health Interview Survey and records from hospital emergency and in-patient departments from seven states to track the habits of young adults who lose their insurance when they leave school or “age out,” the economists find that hospital visits by young people fall sharply when they fall off their parents’ insurance.

The bond market knows Obamacare costs will skyrocket. Remember the medical industry is the third largest user of energy.

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