Yep, Obamacare Costs a Fortune

[skorpion]

[Kadmos]

I guess I just don't understand why people would even buy into those crappy plans to begin with. I mean, at least with most Platinum plans you have very low (if not $0) deductibles, meaning you only have to pay very small co-pays for regular and specialist visits for minor injuries/illnesses, for most serious ailments insurance picks up 90% of the tab, and even then your max yearly out-of-pocket (worst-case-scenario) can be as low as $1000 in many cases. THAT'S insurance.

All insurance is a bet.

Assuming you're fairly healthy, you go to the doctor once a year for preventative care. My understanding is all the plans will cover that single visit. Even if they don't it's likely only about $100-200. Work with your doc on that. I pay $65 cash for the visit, and around another $30 for lab tests.

So at that $20 per month plus a doctors visit I would be around $335 per year on average, assuming insurance covered none of it.

On your better plans you can pay out easily $335 per month or $4,020 per year.

Now look at it over 5 years

Cheap = $1,200

Better = $20,100

Then tragedy hits, and the appendix needs removing

Cheap = $1,200 for the five years covered plus 5K deductible = $6,200

Better = $20,100 for five years plus 1K deductible = $21,100

A difference of $14,900

Add a medical savings account (MSA), and you can put cash into an interest earning account with no taxes so long as you use it to pay deductibles. Meaning if you put $5k into the account it would earn interest, you would be fully covered, and you would only need to add to the account if you had money deducted from it.

So in a sense a self employed person can throw away $20,100 over five years of insurance they never used, or spend $1,200 plus stick $5k into a tax free account and save $13,900 for the exact same coverage. All while still having $5k (and gaining interest) in the bank.

That's why people go for the "cheap" insurance

It just seems like when your target population are mostly uninsured working-class poor people (those making less than $10/hour whose employers don't offer coverage) it seems ridiculous to expect them to be able to afford $5K+ medical bills. I just see lots of people still defaulting on their medical debts and having to declare bankruptcy. Which is what insurance is SUPPOSED to prevent.

Is it more ridiculous then them paying $4k a year for insurance they aren't using?

Yes, I get that not everyone will be able to save anything in an MSA, much less get to that 5K before tragedy strikes. But under the new system the most they will be on the hook for is 5k, not the 40-50K a really bad situation often gets to.

Moreover it only puts the hospital on the hook for 5K if the person defaults, or looked at another way it only puts the taxpayer on the hook for that 5K, rather than the 50K+.


Yes the prices went up drastically, this was by law the last year they could do an increase of over a certain percent...so yeah, most of the insurance companies took the opportunity to do so.

So yes it's a bit of a harder hit this year, but lets not forget that they were happily raising rates other previous years as well, eventually it would have passed this level either way. But from now on at least that is slowed to some degree.

[5.56NATO]

[raxar]

The song that goes through my head every time LAQC posts a thread (skip to 1:50 for the lyrics to start)

[Krupski]

This is so fucking true.

Save yourself future grief and believe what we tell you at the outset... not months after when you finally find out that we're right.

[l921428x]

I do remember him giggling like, well lets not go there.
I hope everyone of the sobs that helped this cf get moving and all that wanted
this system cry themselves to sleep at night wondering how they let the
chi town con man get the best of them.

[Oswald Bastable]

I do remember him giggling like, well lets not go there.

A school girl?

Yeah, I went there...

[Oswald Bastable]

The future of American healthcare, under lefty's, oh so considered philosophy:

Currently, Venezuela is suffering from a drug shortage so dire that the shelves in the pharmacies and the hospitals are completely bare.

So perhaps Americans, who get antsy if they have to wait more than 10 minutes for Amoxicillin for a kid’s earache, should consider an ObamaCare scared-straight fieldtrip to a Caracas pharmacy, where there is no Vitamin C, no folic acid, and no acetaminophen. Meanwhile, thanks to superior government-provided public health services, 35,000 Venezuelans infected with mosquito-transmitted viruses like Chikungunya have no Tylenol to treat severe joint pain.

So much for government-enforced human rights.

According to an article by Sergio Held titled "Tweeting for Treatment in Venezuela", the country is also “facing a critical shortage of basic medical supplies.” Adding insult to injury, pharmacists must keep their stores open eight hours a day even though the shelves are bare, because if they close the benevolent human rights-oriented Venezuelan government suspends their license.

Not only are very sick people being denied essential medicines to survive, the Venezuelan healthcare infrastructure is collapsing because of money the government owes drug companies and other healthcare providers. While Hugo the Late considered privatization of healthcare to be denying basic human rights, 15% of Venezuela’s cancer patients are dying for lack of radiotherapy treatment and breast cancer victims are waiting to have tumors removed at a large Venezuelan medical facility, which on a smaller scale can certainly be likened to America’s VA waiting list where U.S. veterans died from lack of treatment.

http://www.americanthinker.com/artic...re_morgue.html

Socialism in action, apart from the American oligarchs...be of good cheer Americans! This too, shall be your reward for worshiping at the altar of Marx!

[samiam]

So let us worship at the altar of capitalism?

[308]

So let us worship at the altar of capitalism?

Or just quit worshiping at the alter of alcohol, tobacco and fast food rather than blame someone else for our own problems.

[Krupski]

So let us worship at the altar of capitalism?

I'd hit it!

[FunkyPertwee]

I'd hit it!

Me too, but I'd be happier if she wore a pink ball gag.

[raxar]

So let us worship at the altar of capitalism?

So at what exact point did you start falling in love with Putin?

[Phil125]

The whole plan all along was to pass a bill so freakin terrible that you had to fix it. And they can't repeal it because whoever does looks like a soulless bastard. So they fix it the only way they can. Single payer government run health insurance for all. Which Europe is now finding out doesn't work.

[ltorlo64]

The whole plan all along was to pass a bill so freakin terrible that you had to fix it. And they can't repeal it because whoever does looks like a soulless bastard. So they fix it the only way they can. Single payer government run health insurance for all. Which Europe is now finding out doesn't work.

This is the liberal play book. Give something to people that they did not work for, and then whoever tries to right the wrong is portrayed as unfeeling and heartless as the people who have now come to depend on these things will have to do without, or more correctly, would have to earn it themselves. The liberals portray this as unjustly taking what belongs to the people, even though they are not earning it.

[alismith]

More problems with ObamaCare just surfaced...

http://news.yahoo.com/govt-sent-800-...-politics.html

[sevlex]

And who is it who believes the feds can do things better than the private sector?

[CigarGuy]

More problems with ObamaCare just surfaced...

http://news.yahoo.com/govt-sent-800-...-politics.html

So, I'm a tax preparer. What am I suppose to do with the ones sitting here waiting for preparation and having ObamaCare? Wait?
Prepare and hope for best? Client is gonna pay for the amended, if I have to do one, right?

[ltorlo64]

So, I'm a tax preparer. What am I suppose to do with the ones sitting here waiting for preparation and having ObamaCare? Wait?
Prepare and hope for best? Client is gonna pay for the amended, if I have to do one, right?

That is funny, and sad, all at the same time. If people paid a tax preparer to do their taxes and now they have to refile because of a government error, will the government pay to have the amendment done or is the tax payer expected to pick up the tab for the governments mistake? I bet the answer is tax payer.

[imanaknut]

That is funny, and sad, all at the same time. If people paid a tax preparer to do their taxes and now they have to refile because of a government error, will the government pay to have the amendment done or is the tax payer expected to pick up the tab for the governments mistake? I bet the answer is tax payer.

The tax payer pays for everything the government does.