The Ugly Truths About Obamacare
Heather R. Higgins and Hadley Heath write in the WSJ:
• Americans know that ObamaCare requires insurance companies to allow families to keep adult children up to age 26 on their parents' policy. They are less likely to know that the provision increased the average family premium--even for families that didn't add adult dependents--by $150-$450 in 2011.• The average family's health-insurance premiums are already up $1,300.
• Young workers who buy their own insurance will see a 19%-30% increase in premiums as a result of ObamaCare.
• Remember the 700,000 people whom the Congressional Budget Office predicted would make use of ObamaCare's federal high-risk program? Just 78,000 people have enrolled. As a result, each person in the program costs taxpayers millions of allocated dollars. Americans, when they hear this, know instinctively that there must be a better way to address the problem.
• ObamaCare was sold as the solution to covering the 47 million uninsured in America, but 10 years after the law is implemented, 30 million Americans will still be uninsured. What problem, exactly, is ObamaCare solving again?
• Americans are also generally familiar with Medicaid's problems, among them the refusal by many doctors to accept Medicaid patients. What most people don't know is that approximately 10 million of those who gain insurance under ObamaCare will just be dumped into the already cash-strapped Medicaid system.
The solution is untying insurance from work that way my ass can go out and make some real money.
(p.s. My ass needs some YSL heels)
Purplepen at October 4, 2012 11:33 PM
DH's work is going from a low deductible, low copay plan to a high deductible with HSA, they are funding the HSA with the full deductible and still saving 20% over this year.
nonegiven at October 5, 2012 6:45 AM
I went to a specialist dentist Wednesday for a dental problem that was complicated by a severe infection. He had to do over ten injections of novacaine, remove two teeth, stitch up my gums and drain an abcess, that had formed in my gum and cheek as a result of the infection. The total bill was 378 dollars.
My daughter had to go to the emergency room a few years ago because of a severe cut that she got in the middle of the night. She was uninsured. The bill totalled 1200 dollars as she got two bills, one from the contract emergency physicians that manned the emergency room, and the other was from the hospital, which had billed for the supplies used to stitch her cut and then double billed for the doctor's services. I paid the doctors, and then paid for the 52 bucks worth of stuff the hospital provided. I refused to pay the double billing, and sent a letter telling them why.
We are rapidly approaching the total collapse of the medical insurance industry as they have so distorted the market with their complicated, and dishonest billing systems that the system cant maintain itself for much longer. Obamacare is only speeding up the process of a two tiered system. There will be a government one with long waits and rationed care. For the other one, you will pay cash.
Isab at October 5, 2012 12:54 PM
People need to remember their history. The public was told we needed Medicare so Grandma didn't lose the shirt off her back if she had a serious or prolonged illness. Medicare when passed excluded those very expenses.
Prior to Medicare 13% of seniors needed help paying for serious or prolonged expenses. Now 19% of them are on Medicaid in addition to Medicare.
Medicare from the beginning didn't accomplish anything it was supposedly passed to do, ObamaCare will be just as pointless if not worse.
Nate Ogden at October 6, 2012 9:41 AM
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