Thankfully, millennials do have one remaining option: opt out of Obamacare. This path allows them to pay a small penalty, which then frees them to get health insurance outside of the exchange system. That insurance can be specifically tailored to their individual needs — and it won't have the drawbacks that make the exchange system so unappealing.
Young people can actually end up saving a substantial amount of money by taking this road. A recent study by the National Center for Public Policy Research estimates that 3.7 million young Americans will save at least $500 each. Roughly 3 million will save as much as $1,000 each. Opting out is thus an attractive option for millennials, who tend to be healthy and need a greater share of each paycheck.
Of course, the alternative is for them to join an exchange system that picks their pockets and shares their secrets. No celebrity is popular enough to gloss over that.
Feinberg is president of Generation Opportunity (www.generationopportunity.org).