Health insurance for most young adults on New York and California's Obamacare health exchanges will cost dramatically less than what twentysomethings have said they'd be willing to spend on insurance, a new analysis finds.
The attractive prices could significantly boost enrollment in those states' exchanges and help keep premiums low for people of all ages, said Christina LaMontagne, vice president of price-comparison site NerdWallet, which did the analysis.
"Health insurance can be as affordable for young adults as their cell-phone bill," said LaMontagne.
"We expect many young adults will find the monthly subsidized prices of $101 in California or $114 in New York affordable," said LaMontagne, whose site has created a cost calculator for comparing premium pricing in those states.
NerdWallet's interviews with young adults have consistently shown they'd be willing to purchase health insurance if it cost in the range of $150-$170 per month, LaMontagne said. Those people, like effectively everyone else in the United States under the Affordable Care Act, must obtain health insurance by 2014 or pay a financial penalty.
(Read more: Private health insurance exchanges set to boom)
"Most young people want insurance, they value insurance, but they just can't afford it," she said.