College students will soon wake up to the fact that they have been had. While they were overwhelmingly supportive of the Patient Protection and Affordable Care Act (PPACA or “ObamaCare”) when their charismatic President was championing it, they will not be pleased when they find out that there is a huge price they will have to pay. ObamaCare will be anything but affordable.
Apparently, New Jersey is the only state in the nation that currently requires all college students to have healthcare coverage. This has always been a bare-bones plan costing from $100-600 per year. The new healthcare regulations will force these plans to be phased out, as the mandated coverage under ObamaCare will cause the premiums to rise from a few hundred dollars to $1,700 per year.
North Carolina has experienced this as well. The reason is very simple and is something conservative and libertarians have been talking about since the day Obamacare was passed. If you mandate a high minimum standard for insurance, you are going to price people out of the market. We may soon reach point where paying the Obamacare tax and waiting until you’re sick to get insurance is a better choice than getting insurance.