In Chapter 10 discussion board, we are going to apply these concepts from Chapter 3 and 9 to the ACA. Consider how the ACA allows individuals to stay on their parents' health insurance plan until they are 26 years old and the individual mandate that requires all individuals to be insured or pay a penalty. How do these two provisions of the ACA affect health insurance premiums and healthcare costs of different age groups of individuals?

Specifically

Explain how the demand for health insurance might differ across individuals in their senior year of college and middle-aged or older adults, such as the parents of those college students. Hint:Consider comparing/relating high-level concepts like probability of illness and elasticity, as well as important contextual factors like wealth and employment.

Explain how these issues/concepts relate to likelihood of having insurance for the two groups.

Finally, following the general discussion comparing the groups, explain how the option to stay on parent's insurance to age 26 may impact overall insurance rates and healthcare use for each of the age/demographic groups.