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Another stupid Kossack: Breaking: Absolute Proof Obamacare is Working!!

I'm enjoying the amuse bouche of "Breaking" is very much; and as for the taste that the two exclamation points leave on one's palate"!!" Well, let's just say it feels like 2008 all over again. Anyhow, as for "the five main excerpts that excited [dear Lord]" joelgp....

The post is all about how great Obamacare is because young people get to stay on their parents' insurance policy. Now, leave aside the filial piety of moving in with your parent's health insurance policy, and heck, I'm happy anybody has a shot at health care, these days.

Why did the deal Obama cut with the health insurance companies allow this? Because young people don't tend to get sick, so -- and follow me closely here, "joelgp", you stupid Obama shill -- that means that insurance companies collect the premiums, and don't have to pay out! Profit!

And there's the subsidiary benefit, of course, that Obama at one point viewed young people as his base, before he threw them under the bus on marijuana legalization, registration in college towns, college debt forgiveness, and horrible DISemployment. So joelgp, Bless His Heart, is just trying to get them to "come home" to the loving, albeit sociopathic, embrace of the Ds.

Just, ugh. The only thing I find encouraging in that post is that it took the OFB a few days to get round to shilling it. Disorder in the front office is affecting the players on the field.

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propertius's picture
Submitted by propertius on

I'm happy anybody has a shot at health care, these days.

Too bad they don't have a shot at jobs - what with the student loan debt peonage and all.

Submitted by jawbone on

can make use of this benefit. And, seriously, this is a good thing,

But, as noted in earlier reporting, it's not cheap, so unless the parents have health insurance (family plan) AND the adult child or the parents can afford the added premium charges, young adults are still fucked.

And, as CBS News reported tonight, the generation entering the work force are finding jobs very hard to find and unemployment rates for that age group is close to 20%.

More young adults are living at home, because they can't live on their own without jobs. They are putting off marriage and other aspects of adulthood until they can find decent jobs.

In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more than others — nearly 1 in 5.

New 2010 census data released Thursday show the wrenching impact of a recession that officially ended in mid-2009. It highlights the missed opportunities and dim prospects for a generation of mostly 20-somethings and 30-somethings coming of age in a prolonged slump with high unemployment.

"We have a monster jobs problem, and young people are the biggest losers," said Andrew Sum, an economist and director of the Center for Labor Market Studies at Northeastern University. He noted that for recent college grads now getting by with waitressing, bartending and odd jobs, they will have to compete with new graduates for entry-level career positions when the job market eventually does improve.

"Their really high levels of underemployment and unemployment will haunt young people for at least another decade," Sum said. (My emphasis)

The vast majority of young people who do not get into the job force will never catch up in earnings. Never.

Sound like things we read about young educated people in Arab Spring countries? One of the possible causes for the Arab Spring revolutions? May it happen here, please.

Let's see: If people in their 50's lose their jobs, they're not getting new, decent jobs. Young people in their 20's are not getting decent jobs and are not able to start their careers. Sounds like a possible coalition....

Lots of stats in the write-up: Such as people 65 and over who have jobs are staying longer in their jobs, due to SocSec retirement age increases and the financial meltdown. It's one more factor in making new job entrants finding jobs more difficult to get.

Stephanie's picture
Submitted by Stephanie on

...the ecstasy over this provision of the ACA.

How much extra does it cost to cover a dependent on your insurance policy? I'm not sure, but if you have a work-supplied policy, if you add a spouse, the premium can more than double, from what I've heard. And if you want to add a dependent, the employee usually has to pay the whole cost. Jawbone says it's not cheap, so I accept that, but what happens if the parent can't afford the extra cost? How many hoops to jump through to prove that you can't afford it?

And what if you don't have a job w/insurance coverage? Are you required to buy a policy that covers your adult offspring? What if she/he doesn't live w/you?

And once you've provided that insurance coverage, is the offspring -- or at the very least the insurance cost -- now deductible (or is the child a dependent) on your IRS report on 4/15?

Instead of putting this requirement on the parents, why didn't they mandate the SCHIP to provide coverage for these young adults past 18 years old? Yeah, I know, dumb question.

Submitted by jawbone on

liberal. upper middle class supporters. Well paid professionals.

It also helps some better paid unionized workers with decent health insurance.

It sure as hell isn't aimed at the bottom two income quintiles. Or the lower part of the middle quintile.