Multiple media outlets have targeted young Americans in an attempt to spread misinformation and myths about the Affordable Care Act (ACA), claiming that coverage is too expensive, the ACA provides too much coverage to young adults, and that Millennials are better off not signing up for coverage, despite vast evidence showing that young people both need and want coverage under the ACA.
Anti-Affordable Care Act (ACA) group Generation Opportunity placed a misinformed op-ed aimed at Millennials in at least a half dozen local papers in an effort to prevent younger Americans from enrolling in the Affordable Care Act 's individual exchanges.
Generation Opportunity's op-ed ran in at least a half-dozen newspapers over the weekend of September 28, including in Nevada's Las Vegas Review-Journal and Florida's Sun-Sentinel. The piece was authored by former unsuccessful Congressional candidate from Pennsylvania and president of Generation Opportunity -- a Koch-brothers backed anti-Affordable Care Act group -- Evan Feinberg. The editorial attempted to frame the ACA as a "bad deal for young people" and urged them to "opt out" by claiming it will cost them a lot of money and that it "relies on a system of generational redistribution":
Apparently they think Millennials are gullible. But no veneer of popularity can mask the exchange system's deep problems. The simple fact is that they are a bad deal for young people. And as a result, it makes more financial sense for Millennials to opt out and purchase a non-Obamacare policy on the private market.
The most obvious problem with the exchange system is how it perversely relies on a system of generational redistribution. Quite simply, the law takes from the young to subsidize the old. That's why the White House is so dead-set on getting young people to sign up -- without our money, the system won't work, and the exchanges will enter what has been called a "death spiral."
Despite conservatives' constant attempt to turn young people away from the ACA, many Millennials are able to understand that having health insurance can save thousands of dollars in cases of serious injury or illness and that gaining coverage through the exchanges, employer benefits, or through private plans also allows them to access affordable prescriptions, and afford preventive care which can help prevent minor issues from becoming major health concerns.
Feinberg clearly recognizes the benefits of health coverage, as he suggests that young people "opt out and purchase a non-Obamacare policy on the private market." However, Feinberg leaves out the important detail that federal tax credits, often referred to as subsidies, are only available through the exchanges and are designed to make coverage affordable. Suggesting young people "opt out" and buy coverage through a private plan adds up to telling Millennials to pay more for private coverage that must meet identical standards as the plans offered on exchanges.