Obamacare is coming. Are you prepared?

Discussion in 'Too Hot for Swamp Gas' started by gatordowneast, Jun 13, 2013.

  1. gatordowneast
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    gatordowneast Well-Known Member

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    Objective article that looks at both sides.

    http://wallstcheatsheet.com/stocks/obamacare-is-coming-are-you-prepared.html/


    Several key points:

    1. "How many people will see their premiums increase?

    Because the Affordable Care Act will attempt to make healthcare costs more fair across the spectrum of the American population, premiums will increase for some Americans while others will see their costs drop because of federal subsidies."

    Translation: If you are currently receiving your HC through an employer or are buying it yourself, your premiums will go up substantially. If you are currently not insured or are on Medicaid, your costs will drop, paid for by subsidies from the rest of us. (income redistribution?).

    2. "Beginning on January 1, 2014, health plans will be required to cover a minimum level of benefits regardless of whether the customer wants them, women and men will be charged the same premium rate, unhealthy people will be charged the same as healthy people, and younger people will have to pay premiums closer to what older people pay. As a result, premiums will increase between 40 and 60 percent for people who had previously purchased bare-bones plans with high deductibles and meager coverage.

    3) "How will Obamacare be paid for?

    When President Obama first began campaigning for his healthcare legislation, he told Congress that “the plan I’m proposing will cost around $900 billion over 10 years.” But the Congressional Budget Office projects that the law will cost double that amount, or about $1.8 trillion, during the first decade."

    So in addition to higher premiums on our own insurance, taxpayers will be ponying up an additional $180 B annually in additional taxes. For those getting it for free, a helluva deal. (income redistribution?)

    To summarize...those looking for someone else to cover their HC costs will be thrilled. Those who are under their employer plans or who are buying their own coverage, will be less than thrilled. (like we didn't know this as all Obama programs work the same way)
  2. g8orbill
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    g8orbill Gators VIP Member

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    but I thought the ACA aka obamacare was supposed to cut our costs
  3. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    To be fair the intent was to cut government healthcare expenditures, the biggest contributor to debt & deficit.
  4. T3goalie
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    T3goalie VIP Member

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    To be fair to whom?
  5. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    To be fair to the interpretation of "savings" as it ostensibly applies to healthcare reform (not just Obamacare, but every previous proposal from both sides of the aisle).
  6. The_Graygator
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    The_Graygator Well-Known Member

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    Nope.

    Obama's failed policies have hurt me financially to the point where I lost my own personal health care plan two years ago and I sure and heck have no way to pay twice as much for an Obamacare 'Bronze' package.

    I'm just going to hope nothing happens to me until we can get this socialist scumbag and his criminal cohorts out of office and we can set things right. I for one believe Obamacare will collapse within two years under it's own financial weight, and that that's what Obama wanted anyway, because he wants a single player plan.

    Even those liberal drones who believe his BS about how great Obamacare would be are going to be PO'ed when they find out it isn't a free ride and they have to pay for it.
  7. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    As technically socialistic as a single p(l)ayer plan is, I'd take it in a heartbeat over ACA.
  8. g8orbill
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    g8orbill Gators VIP Member

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    pretty sure obob that is what the plan is- to make the ACA so bad that we settle for single payer socialized medicine
  9. dadx4
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    dadx4 Well-Known Member

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    Costa Rica looks better and better.
  10. dadx4
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    dadx4 Well-Known Member

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    Obob is referring to it being fair to the government not the people of this country.
  11. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Uh, no. I was simply saying "cheaper for all people" was not the stated goal.
  12. GatorFanCF
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    GatorFanCF Premium Member

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    People with means will pay more. So, if you've achieved - please bend over.
    People who are younger will pay more. So, if you're under 40 - dig deep.
    People who are healthy will pay more. So, if you've maintained your good health - pay up.
    People with testicles will pay more. So, if you rarely use this service - pay a lot more.

    Makes sense to me.

    Imagine this scenario in other areas of insurance - take automobile insurance for example, which would be the reverse on age and sex:
    Wealthy pay would pay more for automobile insurance.
    Older folks would pay more.
    People with good driving records would pay more. Shame on them - staying alert and not texting!
    Women would pay more.
    Oh, and people who don't drink and drive would pay more.
    Again, makes perfect sense to me.
  13. gatordowneast
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    gatordowneast Well-Known Member

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    The "unafordable" Affordable Care Act proves that with government involvement in anything, costs never go down.
  14. gatorman_07732
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    gatorman_07732 Well-Known Member

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    Was not the premise of ACA to curb insurance costs making it more affordable, thereby getting more people covered?
  15. gatordowneast
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    gatordowneast Well-Known Member

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    ^^^^^this^^^^

    I think we've forgotten what "insurance" really is. Does anyone have insurance for their auto covering oil changes, car washes, new tires, routine maintenance?

    What if our life insurance coverage was priced like ACA? You can be a 400 lb smoker who sky dives and scuba dives and pays the same premium as a skinny, non smoker whose hobby is gardening.

    Seems like we have taken personal choice and personal responsibility out of the equation?
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  16. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    By design, no. Were that the case or plan, there'd be no need for a "backup" insurance of sorts. Or if there were, government's competition in the space would be wholly subsidized in order to provide cheap insurance for all.

    But that cannot happen, because it would kill other insurance companies.
  17. gatorman_07732
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    gatorman_07732 Well-Known Member

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    Why was this called the Affordable Care Act #1, and #2 we were sold that this was going to bring down costs. If what you say is true and I don't doubt then we were sold a lie.
  18. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Aggregate costs. And honestly, it probably will, but in the dumbest way possible.
  19. gatorman_07732
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    gatorman_07732 Well-Known Member

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    Aggregate costs couldn't be any more vague and is entirely meaningless when selling the consumer.
  20. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Well those are my words and I'm not selling it by any means. If aggregate costs go down, it would be advantageous to all people who have insurance, but primarily for government savings. Healthcare-related expenses are ~ 37% of total government expenditures and growing.

    But I don't think ACA will accomplish those goals at all. It will simply formalize a system of subsidy that we've already had in place for decades.

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