During the 2008 presidential election, Barack Obama campaigned with the slogan hope and change. With all of the economic challenges young people are facing, it seems that a more appropriate slogan is “persevere.” I wrote about that today in the Richmond Times-Dispatch.
Sadly, it seems as if each new policy proposal from the White House leads to fewer, rather than more, job opportunities and increases the financial burden on young people.
Take the Affordable Care Act, for example. It was praised as a step toward delivering affordable health insurance for everyone. According to a comprehensive joint House-Senate report, younger Americans could see their premiums climb by as much as 189 percent. Another study predicts a 42 percent increase for those between the ages of 21 and 29 due to the Affordable Care Act’s age rating restriction. This restriction limits the amount insurers can charge older people — who have considerably higher health care costs — to a maximum of three times the rate charged to younger people. The study also predicts that single people in their 30s purchasing coverage can expect more than a 30 percent increase in premium costs. Why should young people — who also tend to be poorer people — bear more of the financial cost of health care? Is this the hope and change we were promised
Which message resonates with you?