RSS Facebook Twitter LinkedIn
 


Featured Advisor



Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

Click to see the full profile


Share |

Baby Boomers and Obama Care: For or Against?

| BY Donald Liebenson

With the U.S. Supreme Court expected to rule Thursday on the Patient Protection and Affordable Care Act, also known as Obamacare, a new Millionaire Corner poll finds that one-third of baby boomers ages 51-60 do not agree with the legislation as it stands. Sixteen percent do support it in its entirety, while 40 percent of boomers support one of more provisions of the law.

The legislation receives the most pushback among those ages 60 and over. Thirty-six percent said they don’t agree at all with the legislation. It receives the most support in the youngest households (under-40), where 22 percent support it in its entirety. Those ages 51-50 are the most likely (42 percent) to support one or more of the law’s specific provisions.

More than three-quarters of baby boomers (78 percent) would retain the provision that insurance cannot be denied for any pre-existing conditions. Significantly more women than men support this provision (84 percent vs. 71 percent), while households with a net worth of less than $100,000 are also the most likely across wealth segments to support this provision (81 percent.

Baby boomers also support the provision that allows young adults be allowed to stay on their parents’ health insurance plan until they turn 26. Sixty-five percent of boomers are in favor. Again, more women support this provision than men, 67 percent vs. 60 percent. Across wealth levels, households with a net worth of less than $100,00 most strongly support this provision of the law (67.5 percent).

Whether the Supreme Court votes to uphold the law or strike it down in full or in part, Obamacare is emerging as a key and increasingly divisive issue in the presidential campaign. A recent Pew Research Center study found that no Supreme Court health care ruling would please a majority of Americans.

Forty-four percent of respondents would be happy if the entire law was repealed, while 48 percent would be unhappy. Forty percent would be happy if the individual mandate requiring everyone to buy health insurance were tossed, while 51 percent would be unhappy. A similar percentage would be unhappy if the entire law was upheld, vs. 39 percent of those who would welcome that decision.



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.