Thursday, June 14, 2012

You're Welcome, America! Up to 600,000 College Students to Lose Health Care Coverage or Face Dramatically Higher Costs

Well, this might knock off a few points off the Hopey-Changey vote.

Thousands of college students face serious sticker shock this year if they want school-subsidized health insurance... The cost is expected to be sharply higher at some schools, while others have dropped coverage altogether.

They’ve discovered that the health care reform law sets dramatically higher coverage limits for student insurers [which] will require higher premiums that colleges and students, particularly at smaller schools, are worried they can’t afford.

...Some schools won’t even try [to offer insurance any more]... This year, for the first time in decades, Avila University will not offer health insurance plans for domestic students. Bethany College in Lindsborg, Kan., also opted out of health coverage — leaving more than 100 students potentially uncovered — after premiums were projected to rise from $450 a year to $2,500.

“It’s going to be scary given the number of students who were participating in those plans,” said Bob Schmoll, Bethany’s vice president for finance. “It’s going to be a lot of people who aren’t covered.” ...Federal studies suggest roughly 600,000 students — about 7 percent of those attending college — get their insurance at school...

...Diana Boyd McElroy, dean of student life at Park University, said she anticipates some concern when students see their health insurance premiums double this year from $600 to $1,200...

Not to worry, dear citizens. Maybe the Obamacare program really will be the first time in human history that a massive, centralized bureaucracy enforcing draconian rules and price controls works out as well as the free market.

But I wouldn't count on it.

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