"Rate Shock" -- The Term For What Young Obama Voters Will Feel In Response To Paying For All The Old People
I blogged about this recently (and, P.S., I voted for Libertarian Gary Johnson in this election and Libertarian Bob Barr in the election before that, so don't blame me for this crap).
N.C. Aizenman writes in the WaPo about what all those starry-eyed young Obama voters will have surprising them in the near future:
Many young, healthy Americans could soon see a jump in their health-insurance costs, and insurance companies are saying: It's not our fault.The nation's insurers are engaged in an all-out, last-ditch effort to shield themselves from blame for what they predict will be rate increases on new policies they must unveil this spring to comply with President Obama's health-care law.
Insurers point to several reasons that premiums will rise. They will soon be required to offer more-comprehensive coverage than many currently provide. Also, their costs will increase because they will be barred from rejecting the sick, and they will no longer be allowed to charge older customers sharply higher premiums than younger ones.
Contrary to how President Obama speaks, young'uns, all that free money has to come from somewhere -- in this case, out of your pocket and your paycheck from working two and a half jobs.
Hey, all is not lost. You could always work three jobs!
All of this is happening because the public has no idea what the fundamentals of medical care are.
Some of them are right here.
I really wish sloppy thinking wasn't the norm here. Don't be a slob here.
Radwaste at February 16, 2013 4:03 AM
You may have to. Under 30 hours the company doesn't have to provide health insurance. But you still have to prove you had health insurance on your 1040 or pay the ~$5K penalty.
Jim P. at February 16, 2013 6:51 AM
"Hey, all is not lost. You could always work three jobs!"
That's assuming that you can even find three jobs in the current economy. Much easier to just find a quack doctor to scribble some note about your back, and go on disability.
"All of this is happening because the public has no idea what the fundamentals of medical care are."
Allow me to expand on that: All of this is happening because the public has no idea what the fundamentals of math are.
Cousin Dave at February 16, 2013 9:06 AM
Young people overwhelmingly voted for him - twice.
Conan the Grammarian at February 16, 2013 10:04 AM
I think medical tourism is in Our future.
Feebie at February 16, 2013 7:18 PM
Like nobody saw this coming.
http://www.washingtonpost.com/national/health-science/2013/02/15/cb9d56ac-779c-11e2-8f84-3e4b513b1a13_print.html
BunnyGirl at February 16, 2013 9:44 PM
BG,
And no one saw this coming? We are so screwed.
Jim P. at February 16, 2013 11:26 PM
"I think medical tourism is in Our future."
It's already the present. Thailand has been popular for treatment for at least 10 years. A number of my extended family have gone to the Philippines for major dental work or plastic surgery.
We're saving up right now to send my mom to the PI for dental implants.
Azenogoth at February 17, 2013 5:54 AM
All I can say is: SCHADENFREUDE!
I can just imagine the wonderfully salty taste of licking all those youthful Obama voter tears.
mpetrie98 at February 17, 2013 6:14 PM
I hope you're being facetious.
Jim P. at February 17, 2013 6:52 PM
No Jim P., I'm not.
Without getting into the details, my mom can't wear dentures and needs to have tooth implants.
Since that isn't covered by Medicare/Medicaid, or her military widow's Delta Dental, the cost in the U.S. would be around 90k, about 9k per tooth.
Cost in the PI is around 6k total plus air fare.
Private doctors in the PI are just as good as any in the U.S., with many having gotten their training here.
The main difference is the lack of a lawsuit industry.
Azenogoth at February 18, 2013 1:00 AM
My apologies. I had not heard of that issue before. I do know of medical tourism to India. I just had never heard of it for dental issues.
Jim P. at February 18, 2013 7:58 PM
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