I signed up for Obamacare as soon as I could and am very glad to have it. Set the stage. I was 62, too young for Medicare. Was laid off at 59 and one-half. Had Cobra for a year. Could not extend it. Tried buying new insurance. I was 60 then--too old. I had prior health conditions--too much of a risk. Every major insurance company operating in my area turned me down. I purchased an association policy, which pays for one annual checkup, had a decent drug plan at first, but dropped it, (I purchased my medications from Canada). Lab work, X-rays, etc were not covered. I incurred $19,000 in out-of-pocket exepnses, not counting the $33,000 hospital bill which the hospital wrote off for me. I now have a policy. It is the best plan offered by one of the four companies that were in the federal marketplace for my area. The other three had turned be down before. I get most of my medications for $5 a month. A few name brands cost more. I have an annual $500 deductible and a maximum of $1,400 out of pocket expenses. After that insurance covers everything. I think I am meeting that point this month. I think it is great. I pay a high premium and I got a very good tax credit, because I had been unemployed for most of the year. I may pay more next year and the following six months before I go on Medicare. The amount I pay is almost equal to my share of the group policy we had at my office. Policy is not as good, but that was a gold plated policy.
But, why do I like it so much? They could not turn me down and the insurance companies could not charge me six times the rate charged a younger person. So, younger people may be paying a little more and I am paying a lot less. As the young get older, they will be glad they paid $100 more per month when they realize that they will be paying several hundred dollars less when they are old that what was charged a year ago and the important thing, they cannot be turned down.
Also, there are three or four levels of coverage. I purchase the top level, if you "never get sick" and want to take your chances you can buy a much cheaper plan with a much higher deductible. The choice, and you do have a choice, is yours.