New Senate Repeal Draft Makes a Broken Bill Worse, Not Better, for Millennials’ Health & Financial Security

Posted July 13, 2017
Share

[email protected], 214.223.2913

New Senate Repeal Draft Makes a Broken Bill Worse, Not Better, for Millennials’ Health & Financial Security

[WASHINGTON]–Today, Senate Republicans unveiled their latest health care repeal bill. Jen Mishory, Executive Director of Young Invincibles released the following statement on the new proposal:

75 percent of mental health challenges occur by the age of 24, and the average age of all new moms is 26. Young people value consumer protections: that’s why 76 percent of young adults shopping on the marketplace select silver, gold, or platinum plans.

The proposal also subsidizes catastrophic plans, a change likely resting on the assumption that young people want to enroll in these products. But we know that isn’t true — just 3% of young people currently enroll in catastrophic coverage. Moreover, deductibles for these plans will be a whopping $7,350. The average Millennials’ net worth next year is estimated to be $11,724; health insurance that requires a young person to pay out two-thirds of their wealth before providing benefits is moving in the wrong direction.

falls far short of the $221 billion that is needed to maintain access to rehabilitation and drug treatment services. Senate Republicans shouldn’t vote to proceed on a bill that hurts young adults trying to get their start in life and breaks fundamental promises they’ve made to the American people.”

FOR IMMEDIATE RELEASE

Contact: Colin Seeberger,