Illinois is no exception, as the state’s rates are first revealed.
That’s because 60 percent of young voters voted for President Barack Obama in the last election.
Under penalty of a government fine, those presumably healthier younger people be required to buy insurance, and the price they’ll pay will have to subsidize support the older, less-healthy population.
Everyone knew that would happen but now, as the Wall Street Journal reports,
U.S. officials for the first time disclosed insurance prices that will be offered through new federally run health-care exchanges starting Oct. 1.
Across the country, the average premium for a 27-year-old nonsmoker, regardless of gender, will start at $163 a month for the lowest-cost “bronze” plan; $203 for the “silver” plan, which provides more benefits than bronze; and $240 for the more-comprehensive “gold” plan.
But for some buyers, prices will rise from today’s less-comprehensive policies. In Nashville, Tenn., a 27-year-old male nonsmoker could pay as little as $41 a month now for a bare-bones policy, but would pay $114 a month for the lowest-cost bronze option in the new federal health exchanges.
Likewise, the least-expensive bronze policy would rise to $195 a month in Philadelphia for that same 27-year-old, from $73 today. In Cheyenne, Wyo., the lowest-cost option would be $271 a month, up from $82 today.
In Chicago, the Journal reports, the cheapest policy monthly premium for young people is $74. At health the health exchange, the monthly rate for the equivalent policy will be $125.
No wonder Illinois officials keep these rates under wraps until the last moment.