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Another nightmare scenario.....those who cannot afford the new high priced premuims set by the government (via proxy) will opt out of coverage and be fined....what's going to happen when the opt out fine is quadrupled to make up for the dollar shortfall?
Don't think it can't happen. All it takes is a swoop of the autopen.
I think that is a potential problem. because let's face it, it was created to maintain costs. However, if you are a part-time employee (a majority of firms do not give part-time employees benefits) and you make too much for the poverty level for medicaid (which I think is 33% over the over level which is at $14,856 for a single person and goes up by 5,267 per person Obamacare Facts - Taxes) but you cannot afford the plans, you are SOL and have to pay a tax penalty?
For the perceived good, what will it cost the people?
Getting rid of it will be a huge burden both in effort and cost.
Leaving it in place gives the legislators greater control of our behavior and the IRS further power.
Depends how long it's left in place before being repealed.
People are already realizing that, with its mandate for signing up people with pre-existing conditions, people can drop all their insurance coverage immediately, and just pay the penalty (oops, Supreme Court says it's a "tax"), until someobdy gets sick or injured. Then they can sign up then and there, the insuranvce company is forced to take them, and they can pay the routine government-set "premium" until they are cured. Then they can drop it once again, and pay the (lower) penalty until the next time they get sick, etc.
This will result, of course, in every insurance company going bankrupt, since they are always paying out far more than they are taking in.
It's just a matter of time. And if Obamacare stays around long enough to bankrupt all the insurance companies, then what will people do when Congress and a non-socialist President finally repeal it? By then, insurance won't be available at any price, no matter what Congress repeals. And people may be pretty reluctant to start new insurance companies, knowing that the next swing of the election pendulum might bring yet another socialist to the White House and/or Congress who will do the same or worse, all over again.
Depends how long it's left in place before being repealed.
People are already realizing that, with its mandate for signing up people with pre-existing conditions, people can drop all their insurance coverage immediately, and just pay the penalty (oops, Supreme Court says it's a "tax"), until someobdy gets sick or injured. Then they can sign up then and there, the insuranvce company is forced to take them, and they can pay the routine government-set "premium" until they are cured. Then they can drop it once again, and pay the (lower) penalty until the next time they get sick, etc.
This will result, of course, in every insurance company going bankrupt, since they are always paying out far more than they are taking in.
It's just a matter of time. And if Obamacare stays around long enough to bankrupt all the insurance companies, then what will people do when Congress and a non-socialist President finally repeal it? By then, insurance won't be available at any price, no matter what Congress repeals. And people may be pretty reluctant to start new insurance companies, knowing that the next swing of the election pendulum might bring yet another socialist to the White House and/or Congress who will do the same or worse, all over again.
Parts of what you say are true. The BCBS where I live almost went under in 2008 because so many people were dropping their health insurance. Obamacare is really the only thing propping up some of these insurance companies today. In fact, if it weren't for the Medicare Advantage and Medigap plans I'd bet a lot of the health insurance companies would be long gone.
If Obamacare were repealed, sooner than later health insurance won't be available at any price. Then what?
Medicare for all? Thats likely the future Obamacare or not.
Parts of what you say are true. The BCBS where I live almost went under in 2008 because so many people were dropping their health insurance. Obamacare is really the only thing propping up some of these insurance companies today. In fact, if it weren't for the Medicare Advantage and Medigap plans I'd bet a lot of the health insurance companies would be long gone.
If Obamacare were repealed, sooner than later health insurance won't be available at any price. Then what?
Medicare for all? Thats likely the future Obamacare or not.
Precisely. ACA is just making all the costs of healthcare visible as financial costs. The costs have always been there, just ignored by those who kept themselves blissfully ignorant of the human costs that those less fortunate were paying. Repealing ACA would be nothing short of declaring that those less fortunate should go back to "dying in the streets", and while the promise may get a bunch of self-centered greed-mongers to vote for a candidate, there will be more than enough elected officials worried about getting re-elected and who will understand that that won't happen if they cast themselves as a member of the death panel.
ACA was actually a conservative compromise to the universal healthcare that liberals wanted. (Conservatives cannot recognize it as such, because they've had the capacity to recognize compromise beaten out of them by RINO-haters and other malevolent operators in the right-wing.) It was designed to safeguard the healthcare industry including the insurers. In the end, no matter how much right-winger whine and cry about the ACA mandate, in reality the mandate was always a compromise offered to the industry.
If the penalty isn't high enough to prompt enough people to participate in the insurance pools, then business and industry will apply pressure to Congress to get them to force an increase in the penalties. And once people get sick and tired of playing nice with business and industry, they'll replace ACA with Medicare for all, as you said.
What will it do to retail sales considering more money will be going to insurance companies?
If retail sales are slower will that add or subtract from the work force?
What do you mean exactly?
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