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A comment on Only 6 people managed to enroll in an insurance plan on Day 1 of Healthcare.gov. Parent comment

Re:Only 6 people managed to enroll in an insurance plan on D... by powertower on Friday November 01, 2013 @10:12AM (#6653842)
Pay 1.0-2.5% tax penalty for not having Insurance

Pay 10-15% of your pre-tax income for a plan under Obamacare

I don't think it's going to work out that great.

[ Parent | on HN ]
Re:Only 6 people managed to enroll in an insurance plan on D... by Bsharp on Friday November 01, 2013 @10:45AM (#6654078)
It depends on your expected medical costs. If you're relatively young and healthy, saving that 9-12.5% of your income is worth it. If you're sick/old/etc., then it's absolutely worth buying coverage. Note that in this system the healthy don't join the risk pool.

This, my friend, is called adverse selection.

[ Parent | on HN ]