Cyber Monday Sale! 50% Off All Access

Why Obama Asked Amy Poehler and Jon Bon Jovi to the White House. Hint: It's Not a SNL Sketch For millions of young Americans who don't now have health insurance, the president is leaning on celebs to spread the word about signing up.

By Diana Ransom

Opinions expressed by Entrepreneur contributors are their own.

Would you trust Jon Bon Jovi to give you medical advice? Barack Obama is hoping you would.

With fewer than 70 days left until Oct. 1, when millions of uninsured Americans will be required to purchase health insurance through the various government-run marketplaces, the White House is in overdrive to get buy in. Administration officials are particularly focused on getting the key demographic of young people (aged 18 to 35) to sign up for health insurance, as the more members of this typically healthy group participate the lower the overall cost of medical coverage.

To help spread the word to the nation's youth, Obama is turning to his phalanx of supporters in Hollywood. This week, Valerie Jarrett, a senior advisor to the president, reportedly met at the White House with, among others, Amy Poehler, Jennifer Hudson, Aisha Tyler, Jon Bon Jovi and representatives for Oprah Winfrey. The administration is asking celebrities to promote Obamacare through television appearances, social media and public service announcements. And according to the New York Times, Obama dropped by the meeting to express an urgency for getting young people to sign up for coverage.

Related: How 'Obamacare' Impacts Young Entrepreneurs

To be sure, many young Americans already have health insurance. As of May 2010, those up to age 26 may remain on their parents' insurance policies under the Affordable Care Act's dependent-coverage provision.

But for those whose parents don't have coverage and slightly older young people who don't have a job with health insurance, having to sign up for coverage may be inevitable. After all, Americans without coverage must pay an annual tax penalty of the greater of $695 per family or 2.5 percent of household income.

For those who earn more modest paychecks, tax credits and cost sharing subsidies are available. Families with incomes between 133 to 400 percent of the federal poverty level ($15,282 to $45,960 for a single person in the contiguous states and D.C.) can access premium subsidies when they purchase insurance through the exchanges. Cost sharing subsidies are available to those with incomes up to 250 percent of the poverty level.

Related: Young Entrepreneurs Weigh in on the 2012 Presidential Election

Fortunately for the president and his landmark health-care law, young people do want coverage. More than seven in ten young adults -- those aged 18 to 30 -- describe health insurance as "very important," according to the June Kaiser Health Tracking Poll from the Kaiser Family Foundation, a health-care researcher in Menlo Park, Calif. A similar amount of young people also describe insurance as "worth the money," while just a quarter of them feel they are healthy enough to go without insurance, reports KFF.

Still, members of Obama's celebrity-studded crew may just have their work cut out for them. Millennials don't call themselves "young invincibles" for nothing.

What's your take on Obamacare? Will you sign up? Tell us why or why not in the comments section below.

Diana Ransom is the former deputy editor of Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Real Estate

Why Real Estate Should Be a Key Part of Your Wealth-Building Strategy in 2025 and Beyond

Real estate remains a strong choice for building wealth in 2025 and beyond, from its ability to generate passive income to offering long-term appreciation and acting as a hedge against inflation.

Business News

'I Stand By My Decisions': A CEO Is Going Viral For Firing Almost All of the Company's Employees — Here's Why

The Musicians Club CEO Baldvin Oddsson fired 99 workers at once over Slack for missing a morning meeting. But there's a catch.

Marketing

How to Beat the Post-Holiday Sales Slump and Crush Your Q1 Goals

Overcome the post-holiday sales slump and keep the momentum strong with these key tips.

Franchise

Subway's CEO Steps Down Amid a Major Transition for the Sandwich Giant

John Chidsey will step down at the end of 2024, marking the close of a transformative five-year tenure.

Business News

'This Company Has Been My Life': Intel CEO Retires, Reportedly Forced Out

Intel CEO Pat Gelsinger has led the company since February 2021 and said his departure is "bittersweet."

Fundraising

They Turned Down an Early Pay Day to Maintain Control of Their Business. And Then Went on to Raise $190 Million.

Jason Yeh, co-founder and General Partner of Patron, explains the early-stage venture firm's creation and future outlook.