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Old 07-24-2017, 12:43 AM
 
Location: New York City
7,135 posts, read 5,512,540 times
Reputation: 4890

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Quote:
Originally Posted by G-Dale View Post
We've learned that the mortgage-backed securities as a result were worthless. This will eventually happen to the ACA too.
Participating insurers in the exchange are capped for their annual increase, or rather they are limited by guidelines. Costs are already starting to spiral and the increase isn't covering additional liability. So what is happening is simply that insurers are dropping out of the exchange.

Already there is a crap selection of insurers and the terrible ones that are left nickel and dime on every possible medical service and co-pays/deductibles are completely ridiculous

The only satisfied customers are the freeloaders on medicaid and guess who picks up that bill...
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Old 07-24-2017, 01:00 AM
 
23,265 posts, read 16,104,540 times
Reputation: 8543
Quote:
Originally Posted by BlakeJones View Post
Participating insurers in the exchange are capped for their annual increase, or rather they are limited by guidelines. Costs are already starting to spiral and the increase isn't covering additional liability. So what is happening is simply that insurers are dropping out of the exchange.

Already there is a crap selection of insurers and the terrible ones that are left nickel and dime on every possible medical service and co-pays/deductibles are completely ridiculous

The only satisfied customers are the freeloaders on medicaid and guess who picks up that bill...
Many people in Medicaid work and pay taxes currently. Old people whose nursing homes are paid for partially or entirely by Medicaid paid taxes as they worked.

You yourself may need to deal with Medicaid. Nothing like a major illness to wipe out savings. Or even a horrible accident that long term impairs your ability to work.
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Old 07-24-2017, 03:59 AM
 
64,771 posts, read 66,270,542 times
Reputation: 43153
Quote:
Originally Posted by BlakeJones View Post
Participating insurers in the exchange are capped for their annual increase, or rather they are limited by guidelines. Costs are already starting to spiral and the increase isn't covering additional liability. So what is happening is simply that insurers are dropping out of the exchange.

Already there is a crap selection of insurers and the terrible ones that are left nickel and dime on every possible medical service and co-pays/deductibles are completely ridiculous

The only satisfied customers are the freeloaders on medicaid and guess who picks up that bill...
my insurer went belly up a little over a year ago . they were the 2nd biggest aca plan writer in ny . it was one major hassle when they folded .

i can't wait until i go on medicare later this year . the 4k deductible i have now is basically catastrophic insurance that i get for 6k a year in premiums .
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Old 07-24-2017, 05:46 AM
 
1,721 posts, read 707,080 times
Reputation: 1033
Universal healthcare is the only solution but our government is in debt to the insurance companies and pharmaceutical industry
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Old 07-24-2017, 05:58 AM
 
64,771 posts, read 66,270,542 times
Reputation: 43153
the reason states are going to partnership ltc plans is they realized impoverishing the stay at home spouse once medicaid picks up the tab leaves 2 people on public assistance not just 1 .

they decided they are better off collecting premiums and only having 1 of the 2 being supported by welfare systems.

that is why the tools and laws we have regarding medicaid and assets are left in place . just like our tax system , your share of taxes is whatever you can legally get them down to using the tools and laws left in place .

no one wants a state full of impoverished seniors . that does harm to the economy and everyone else . almost all states now have some form of LTC partnership plans in place . only two , one of which is new york offer full asset and income protection . the rest are called dollar for a dollar plans .

if medicaid spends 500k than 500k in assets is protected . ny offers that type as well as total asset protection .

the plans are priced so by the time you are in the sweet spot for some form of care you paid in about 1 years stay in premiums

Last edited by mathjak107; 07-24-2017 at 06:10 AM..
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Old 07-24-2017, 06:30 AM
 
9,982 posts, read 7,711,184 times
Reputation: 4702
Quote:
Originally Posted by cheyenne2134 View Post
Universal healthcare is the only solution but our government is in debt to the insurance companies and pharmaceutical industry
Is that what they tell you?
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Old 07-24-2017, 06:31 AM
 
9,982 posts, read 7,711,184 times
Reputation: 4702
Quote:
Originally Posted by NyWriterdude View Post
Many people in Medicaid work and pay taxes currently. Old people whose nursing homes are paid for partially or entirely by Medicaid paid taxes as they worked.

You yourself may need to deal with Medicaid. Nothing like a major illness to wipe out savings. Or even a horrible accident that long term impairs your ability to work.
Are the taxes currently paid enough to fund the future liabilities?
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Old 07-24-2017, 06:37 AM
 
1,721 posts, read 707,080 times
Reputation: 1033
Quote:
Originally Posted by G-Dale View Post
Is that what they tell you?
I mean it's common sense giving how many companies in the insurance industry make large donations to government officials. Follow the money
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Old 07-24-2017, 06:38 AM
 
Location: Beautiful Pelham Parkway,The Bronx
8,389 posts, read 19,652,304 times
Reputation: 6215
Quote:
Originally Posted by BugsyPal View Post
Who knew? Well that explains a lot of things....


One in three people in New York is on Medicaid | PolitiFact New York
Yes, very interesting article here about the medicaid planning industry and how even rich people hire lawyers whose practices are built around helping them scam the system by hiding assets so they can qualify for medicaid before going into nursing homes. And it is estimated that 2/3 of all medicaid costs are because of people in nursing homes.https://www.nytimes.com/2017/07/21/y...-article-click

Sounds like the single most effective way to fix the medicaid problem would be to make families either drain all their resources first or to take care of old people at home.

Too many people spending decades in nursing homes at tax payer expense after either giving all their assets to their kids or setting up trusts to protect the assets.

Last edited by bluedog2; 07-24-2017 at 06:49 AM..
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Old 07-24-2017, 06:45 AM
 
9,982 posts, read 7,711,184 times
Reputation: 4702
Quote:
Originally Posted by cheyenne2134 View Post
I mean it's common sense giving how many companies in the insurance industry make large donations to government officials. Follow the money
They no longer act as health insurance companies. They are facilitators, clearing houses, etc...nothing more. They are not reserving for the risks. The risks are not being funded for. The system is insolvent, and it is not because one entity is in debt to another. It is just a matter of time in which they will need to ask the public to pay up.
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