The Patient Protection and Unaffordable Health Care Act (Obamacare) requires health insurance companies to allow children to stay on (or even return to) Mommy and Daddy's health insurance plan until age 27.
This is not new news, but like all of the other financial aspects of Obamacare, it continues peeve me to no end.
The Heritage Foundation reports this on KiddieCare:
"Beyond keeping the 'Big Kids' dependent on Mommy and Daddy, it also directly undercuts the President’s famous campaign promise that American families would see a $2,500 reduction in their annual premiums."
Now, we learn that everyone's premiums will rise about 1 percent in 2012 just from this one provision of the new law. It will cost $3,380 for each dependent in 2011, according to an Associated Press report.
Wonder if mommy and daddy will pass that premium increase on to their children. Or will they wait until the kids officially become adults at the ripe old age of 27?
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