Young Adults see grim options with Obamacare

I don't know about you, but as a young adult I'm not as disturbed as some Americans by the technical glitches delaying access to the Obamacare website. My lack of enthusiasm for signing up has to do with the unappealing options health care reform has presented my generation. 

Sure, for adults under 26, Obamacare offers a key perk: They can stay on their parents' plans. But for anyone 26 or older — a category I've just joined — the options are grim:

You can forgo health insurance and fork over 1% of your income to Uncle Sam as a penalty. 

You can choose catastrophic-only coverage (if you're under 30), and be left in the lurch for most medical expenses below a certain high deductible — likely around $6,400. 

Or you can buy health insurance, but there's one catch. Instead of getting a good deal on insurance (because young adults are less likely to need health care treatment), expect to pony up more now — because you're subsidizing senior citizens.

We pay for elderly 

Thanks to a key provision, insurers must charge older Americans no more than three times what they charge healthy younger adults. 

As a result, insurance costs are soaring for the young. In 45 states and Washington, D.C., young adults will find that their premiums have risen since Obamacare's implementation, according to an October study by the conservative Heritage Foundation. And in most states, we're not talking about the kind of slight increases that could be offset by forgoing a couple of lattes a month. Instead, these increases are enough to make young adults squeeze in another roommate — or maybe even move back in with Mom and Dad.

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