Obamacare: No Free Lunches | Michael D. Tanner | Cato Institute: Commentary

Obamacare: No Free Lunches | Michael D. Tanner | Cato Institute: Commentary: "according to the Department of Health and Human Services, the cost of continuing coverage from 18 to 26 could run as high as $3,400 per child per year. Much of that additional cost is passed back to companies that provide insurance coverage to dependents of their employees.

Politicians often act as though government programs are cost free.
The predictable result: Companies are dropping dependent coverage altogether. Among them is one of the largest union-administered health-insurance funds in New York, SEIU United Healthcare Workers East, which is now dropping dependent coverage for 30,000 workers. Ironically, the fund had previously covered nearly 6,000 workers’ children, some up to age 23. "

"Lenoir-Rhyne University of Hickory, N.C., the University of Puget Sound in Tacoma, Wash., and Cornell College in Mount Vernon, Iowa, are all dropping school-sponsored plans starting in the fall. The colleges said that Obamacare’s regulations would have driven up students’ premiums tenfold. And, Bethany College in Lindsborg, Kan., was forced to raise the premium on the plan it offered students from $445 to more than $2,000 to pay for the new level of coverage required by the health-care law.

The Obama administration’s requirement that insurance include contraceptive coverage is also causing Catholic universities to drop student coverage."

"insurers in 20 states have responded by discontinuing “child only” insurance coverage"

"at least 10 percent of employers plan to drop their coverage in the next couple of years as a result of Obamacare"