“I’m afraid that the millennials, if you will, are less likely to sign up,” Rep. Moran admitted to radio station WAMU 88.5. “I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially.”In other words, there aren't enough kids signing up for the health plans to pay for the older people, therefore the law is beginning to unravel.
“I just don’t know how we’re going to do it frankly,” he says. “If we had a solution I’d be telling the president right now.”
According to Radio Station WAMU which conducted the interview:
Congressman Jim Moran (D-Va.) is voicing concern that the entirety Affordable Care Act could unravel because not enough young people are signing up.Young'uns have no reason to sign up, the penalty/tax is only $95 a year, and if they get really sick the health insurance companies have to take them because of the no pre-existing conditions part of the law.
More than 40,000 Virginians signed up for health insurance on the federal exchange last month. Only 27 percent of those were young adults — the group needed to fund the new system. Moran says he doesn’t think those numbers are going to get much better.
“I’m afraid that the millennials, if you will, are less likely to sign up. I think they feel more independent, I think they feel a little more invulnerable than prior generations,” Moran says. “But I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially.”
If Moran’s prediction is correct, the whole law could unravel. He says there just isn’t enough incentive for healthy young people to sign up for insurance.