The Millennial Policy Center is a newly-formed Denver think-tank focusing on the Millennial generation's take on conservative political policy.
On Tuesday March 14, the Millennial Policy Center (MPC) convened its first forum, focusing exclusively on healthcare reform.
As Republicans and Democrats in Washington DC debate repealing and replacing the Affordable Care Act, also known as Obamacare, the MPC examined the issue exclusively through the lens of the millennial generation.
Officially, the millennial generation includes all Americans born between 1981-1998. There are currently 80 million millennials in the United States, representing roughly 1/4 of the country's total population.
Their kick-off forum, entitled Revitalizing Healthcare in America, honed in on the issue of healthcare and how conservative policies and approaches can particularly help Millennials in the marketplace.
“Perhaps no generation understands better than millennials that no one is a better steward of a patient’s healthcare than patients themselves," explained Jimmy Sengenberger, President and CEO of the MPC. "Unfortunately, under the Affordable Care Act, individual stewardship has been strangled by burdensome regulations and rising costs. The nation’s healthcare system must be revitalized not only by repealing Obamacare, but by replacing it with an effective, vibrant solution that is patient-centered and consumer-driven."
The forum featured a panel discussion between three of the Millennial Policy Center's fellows: Dr. Michael T. Parra, MD, and millennials Juliana Darrow and Charlie Katebi.
Americans between the ages of 18 and 34 tend to be on the healthier end of the spectrum. In order for a health insurance company to be able to pay out on claims made by the elderly or the sick, there needs to be a sufficient number of healthy millennial enrollees.
One of the problems that plagued the Affordable Care Act was the fact that too few healthy millennials were purchasing health insurance. When the law was rolled out, it was estimated that millennials would need to make up 40% of the insurance pools in order to sustain the marketplace. Today, it is estimated that millennials account for just 30% of health insurance buyers.