Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Obamacare a Time Bomb for the Young

December 19, 2013 By E.J. Smith - Your Survival Guy

While Barack Obama’s healthcare folly has had the support of many of the so-called “millennial” generation, its effects on these younger Americans will be quite nasty. The success of Obamacare is predicated on forcing these young people into buying insurance they wouldn’t otherwise wish to. Victor Davis Hanson explains at National Review.

There are all sorts of time bombs embedded within Obamacare.

Will we force doctors to treat the millions of new Medicaid patients who are signing up for services that can be only partially reimbursed? How exactly will the IRS collect penalties from millions of off-the-books youth who choose not to buy coverage?

Of the newly insured who chose not to buy health insurance in the past, how many will follow through on their initial signups with steady monthly premium payments? If many don’t, how will we collect what they owe? Will all those who lost their coverage have enough money to buy the costlier Obamacare replacement plan?

Among these unanswered questions, the most disturbing pertain to the demand that millions of so-called Millennials must purchase health insurance — estimated at about $1,700 a year — that they will hardly use. Their premiums supposedly will subsidize older, in-need Americans who cannot pay the full costs of coverage that they will draw on frequently.

Related video:

Related Posts

  • "Obamacare Enrollment Crash"
  • Obamacare Operation!
  • No American Has to Join Obamacare
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Watch Out for Your Worst Enemy - May 23, 2022
  • Job Market Survival Advice for Graduates and for Those YOU Love - May 20, 2022
  • BUY THE DIPS? Can You Catch a Ginsu Knife? - May 19, 2022

Dick Young’s Must Reads

  • What to Do about China?
  • You’ve Read The Last Issue of Intelligence Report, Now What?
  • America’s States Rights Revolution
  • Why Some Kids Won’t Go Back to School, Ever
  • “The Goal”: Strong Families, Resilient Faith, Thriving Middle Class.
  • The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
  • What a Way to Make a Living: New Hampshire #1
  • CONSTITUTIONAL CARRY: Alabama Becomes 22nd Permitless Carry State
  • California’s Progressive Liberals Have Created a Monster
  • The Fed – “Independent” and “Non Political” – Joins The Resistance

Disclosure

RSS Youngresearch.com

  • Watch Out for Your Worst Enemy
  • Big Banks Adopting Blockchain for Short-Term Trading
  • Job Market Survival Advice for Graduates and for Those YOU Love
  • BULLWHIPPED? Inventory Overhang Could Slow Growth in Certain Sectors
  • BUY THE DIPS? Can You Catch a Ginsu Knife?
  • MARKET TURNING: Canada’s Housing Market Turmoil
  • “I’ve Been with Richard Young for Over 30 Years Now”
  • All-Powerful Money Managers Voting YOUR Money Targeted by Senate GOP
  • HORDING CASH: Funds Hold the Highest Level of Cash Since 9/11
  • COMMODITY CRUNCH: Will Tesla Buy a Cobalt Mine?

The Supreme Court Must Always Protect the Constitution

Our Daily Bread Threatened?

Watch Out for Your Worst Enemy

Farmer Tells Steve Bannon Biden’s Inflation Is Ruining His Business

PARTY’S OVER JOE: Republicans Crush Democrats in Local Elections

Joe Biden – Malicious, Incompetent, a Wannabe Left Wing Ideologue?

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives