Here’s what you need to know.
1. In a pivotal year for the ACA, the government needs a young customer base to support the marketplace and cut losses for insurers, Mr. Clark argues. Yet, despite an extensive marketing campaign, the millennial generation is staying away from the ACA.
2. For a 27-year-old adult, average premiums rose by 25 percent nationwide in 2017. For some states, like Arizona, monthly premiums rose an average of 116 percent.
3. Aetna’s CEO Mark Bertolini echoed comments about needing a young insurance base to use the exchanges saying higher rates are causing “healthier people” to forgo insurance because “the out-of-pocket costs aren’t worth it.”
4. Mr. Clark argues if the ACA wants to attract more millennials, federal officials should reduce the cost of insurance.
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