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I work so my family can have health care coverage through my company. It is not the greatest but it gives us a peace of mind. We have co-pay and family deductible if anything unexpected happens. But I figure I would cross that bridge when it does. Then last Dec, my 14 yo daughter was dx'ed with a rare auto immune disorder. One week in the children's hospital, just the hospital portion of the bill was $50k. And then doctors and labs also sent us bills too. My hubby and I make enough income to cover all normal and expected expenses and a very modest rainy day fund. This event was not a rainy day. This was a bottomless sink hole. Until I saw the paperwork my insurance company sent me. At the end, we owed about $1500, which we covered using our savings. But without any insurance, we would be in deep trouble, just as we start to put our family finance back in order.
A healthy young person at any time can get sick. My daughter could not just walk into an ER and hope to get treated, because she did not have observable injuries. She needed a doctor who did not dismiss her complaint of muscle pain, admitted her into a hospital, and take the time to figure out what she had. Without any kind of insurance coverage, my daughter would have no way to get treatment. She would be better if she had an accident, then at least I could take her to an ER.
My 14 yo daughter could not file for bankruptcy. So that tactic is out.
Finally, ACA is like any other health insurance, enrollment is permitted at open enrollment period or when you experience a life event change. This could be birth of a dependent, death of family, change job, lost job, marriage, divorce... and so forth. So unless a person has one of these life events immediately before/ after being sick with something or involved in an accident, this person is not qualifies to enroll to ACA nor a company sponsored plan. So there is no jumping on board here either.
As for the one poster saying to another "why don't you get a job that provides insurance and not steal money from others, are you too lazy to work ?" I wonder how did anyone deduct Phlinak is not working for a job that provides insurance? Perhaps he/she is. Plus Phlinak only said he/she was satisfied with having a health care plan for the family, not ACA specifically. To counter one's positive attitude towards health insurances and ACA with insult "too lazy to work" only shows how grouchy some folks are.
no -- big business who can afford it is being terrible to their employees -almost like punishing them with 29 hrs or less... seen more theft and turnover than ever before.
In the rare event that a young person needed health care, and in the rare event they couldn't manufacture an excuse that would allow them to get insurance at that point, I would guess that they would file for bankruptcy instead of pay the medical bills. Sure they would take a credit hit for a few years, but maybe their credit wasn't any good to begin with. Either way, bankruptcy isn't a big personal tragedy.
OK, then what happens the next time and it's too soon to file bankruptcy again?
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And if your a 28 year old male, congratulations, you now get to pay the exact same rate as a 82 year old female with cancer.
Today the older generation is fleecing the younger generation in ways that have no historical analogy.
Don't know where you get your facts, all individual health plans are age based, the older you are, the more you pay.
Yes! I can and I will. Or I can always opt not to be suckered into a two week American hospital stay.
Besides, I figure if I'm saving $6500 a year in not paying for health insurance, PLUS the $10,000 deductible which I would have to pay out to get the cheapest insurance available to me - that adds up to $16,500 a year which I can bank. The fine would have to be HUGE in the next few years to be more than the amount I will save - and invest.
Precisely. +1
The American "health care" industry is a scam to dwarf all others in history. Sheep by the tens of millions to be milked of their last penny.
Yes, suffice to say that there are many others of us who will fight this right along with you.
OK, then what happens the next time and it's too soon to file bankruptcy again?
I guess you have to wait and file it again the next time you're eligible.
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Don't know where you get your facts, all individual health plans are age based, the older you are, the more you pay.
Actually, I don't know why I wrote that - I guess it was just getting late. Obviously your rates will go up, but they won't be the same. Sorry about that.
My 14 yo daughter could not file for bankruptcy. So that tactic is out.
Yes, but if she doesn't have any assets she is also judgement proof so it doesn't really matter if she filed bankruptcy or not. There's no debtor's prison (except for taxes and child support.)
But that may not be a good solution for you, I recognize.
First I want to say that I'm a Democrat and like President Obama very much.
BUT - I cannot tolerate being FORCED to give free money to the insurance megaliths by participating in the Affordable Care Act. I've always saved for and paid for health care with my own money, and want to continue to do so.
I've been waiting and thinking. Then my local paper published the following regarding the fine for not participating. It's only $95 or 1% of your taxable income!
So why would anyone even WANT to participate unless you need to feed off the federal trough? For me the fine will be less than $400. Compare that to shelling out about $6500 a year for NOTHING, and having to pay a $10,000 deductible on top of that if anything major were to happen to me. And that doesn't even include anything for optical or dental care!
I've been wondering how they're going to hunt down and identify all of us who don't have insurance, anyway. Will they force doctors and hospitals to rat us out?
Anyway, I see no reason to sign up for health insurance per the "Affordable Care Act". Are any of you out there joining me in my act of civil disobedience?
Of course, when you do get ill or injure yourself and can't pay thousands in medical bills, you'll just file bankruptcy, right? Sounds like a responsible plan...
My husband and I just found that we are now able to be fully insured under obamacare for $18 a month! That includes vision!
We're paying the penalty. Neither of us is willing to force another American to pay for our insurance. It's unconstitutional and we have chosen to disregard it.
Once they started asking for vehicle tag numbers and bank account numbers (yes, they can auto debit your account whenever they choose once you're enrolled) from one of our employees, he opted out and will pay the penalty next year.
Small business must pay this year (just so you know, check with your CPA to make sure you're not penalized for not paying the penalty on time!)
Yes, but if she doesn't have any assets she is also judgement proof so it doesn't really matter if she filed bankruptcy or not. There's no debtor's prison (except for taxes and child support.)
But that may not be a good solution for you, I recognize.
Believe it or not, the debtor's prison is reviving. Here's just a quick update from the ACLU
(The big revival started in 2010 and includes anything you owe the government, back taxes, traffic tickets, anything. Nobody knows it except the uber poor because they're the only ones affected by it as of yet.)
Now, those are just from the ACLU. I'd imagine you'll find the sordid details in personal accounts, which I've not looked for.
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