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ObamaScare: Costs for the Sick & Elderly Set to Skyrocket as Young People Pass on ObamaCare

The government finally released Obamacare enrollment figures Monday and the findings could spell higher premiums for those who need coverage most.

Enrollments are lower for the healthy, younger Americans are needed to keep premiums from rising because they pay more and take less from the system.

According to the statistics, it’s an older, costlier crowd that’s signing up so far under President Obama’s law and officials fear the age gap could make the government subsidized health coverage too costly for the middle-aged and older.

And it’s the middle aged who are, for now, signing up the most.

Adults ages 55-64 were the most heavily represented in the signups, accounting for 33 percent of the total. Overall, the premiums paid by people in that demographic don’t fully cover their medical expenses. Some are in the waiting room for Medicare; that coverage starts at age 65.

Young adults from 18 to 34 are only 24 percent of total enrollment, the administration said in its first signup figures broken down for age, gender and other details.

With the website now working, the figures cover the more than 2 million Americans who had signed up for government-subsidized private insurance through the end of December in new federal and state markets.

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