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I'm seeing nothing anywhere near this low either. This confusion is part of the reason I am against the bill...other than, of course, the huge part of the country's health care costs that is being funneled into insurance company coffers. With enough confusion only the consumer loses.
AND toss in a $6000 deductible for an unseen $500 a month more if you need any kind of surgery or a day in the hospital.
I had a stent put in and an overnight for observation in the hospital: $111,000. Think about that if you are planning on going without insurance.
A lot of hidden costs to pay out of pocket, if you indeed need the insurance. if you don't need the insurance, it is a lot of money to throw into the insurers' accounts for most families. It is a no win situation for most families.
regulate the absurd health care charges and all the loopholes in the medical service system. That will cut the budget deficit and steer the huge medical system in the right direction in the long run.
Question to all you the young folks out there who thought Obamacare=Free medical care for all. Now that you realize you (healthy young people), need to buy into the system in order for it to work, do you still support Obamacare? Do you regret re-electing Obama since now your bottom line is affected? Either buy insurance or pay a tax penalty, either way you are out of money. No more $2,500 purses of $350 belts.
Mr. Garry, if you are an expert in the insurance business, you may have more to add to rebut what keif said below, and I am all ears. Otherwise, based on my limited knowledge about how insurance business operates, the enrollment base is the key to the success of the business. Now you have a government to push all sorts of people into the insurers' network and I can only imagine that are happily busy with working out an algorithm to calculate "acceptable charge limits" to maximize their profits.
Does an insurer really pay for the pre-existing conditions? no, it's yours and mine and his premiums pooled together to pay for the preexistings. What happens when an unfortunate insurer got hit hard by too many preexistings? They will be backed up by other insurers, and the ultimate insurer of the insurance business is the fed gov, who has access to your and my and his money to finance and support the insurers when things get out of control. Remember the big three story and the AIG insurer too big to fall stories? It is the average americans who eventually pay for large scale governmental fiascos, and I am afraid this OBCare will be just one of those.
When you divide the total national debt of US by the number of working and productive americans, you and I can expect to pay well over $100,000 per person to pay it off on top of mandatory contributions to social security and all sorts of other maintenance fees to keep the fed gov afloat.
Quote:
Originally Posted by garry26
obamacare is a good thing. However, insurance companies have a vested interest in scaring the public because they will lose lots of money. The inability to use pre-existing conditions to deny coverage alone, will cost medical insurance companies millions. Obviously they're keen on stopping it. Furthermore, medical insurance companies give politicians huge campaign contributions. The fact that most of Washington politicians hate Obama to boot, is only the icing on the cake. This is why this is happening. Racism is alive and well in our nations Capital. They are just smart about it. So long as they don't use certain hot button and/or key words, you can't prove it, but it exists.
Quote:
Originally Posted by Kefir King
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Firstly, the insurance companies will NEVER lose money. Who do you think WROTE the ACA that puts the insurance companies squarely in the drivers' seat.
Insurance companies skim 25% of the entire cost of health care right off the top. They rig costs so that they CANNNOT lose money.
Secondly, Obmacare was a feeble ATTEMPT at a good thing. A GOOD thing would have been rolling the entire population into Medicare, a popular program that has proven itself for nearly half a century.
As written the new law is a mish-mosh of a first attempt that will be patched around the edges for years. What finally comes out of all this is anyone's guess. But right now that's ALL that it is... a guess.
But as long as it remains insurance company run it will never be much of a "GOOD THING." Perhaps the BEST outcome would be for all the insurance companies to agree to QUIT the system and have the government take it over...but we all now there is too much money in it for them, so all they'll do is whine all the way to the bank..
Ironically the everyone buying insurance thing ie individual mandate was a republican idea first...
The idea might sound the same but how to implement it would probably be completely different. OBCare stole the idea of it but did not interpret it correctly I am afraid. Regardless of democrats or republicans, it seems like that the US is experiencing a shortage of visionary leaders for an extended period. all those in the office or those vying to get into the office are just rolling the snowball of national crisis and have no clues of how to reverse the crisis. So a big fall off the cliff is predictable and the ultimate destination, unless the almighty senses this and sends a superhero to the rescue in the near future.
even though I am not a fan of this OBCare, I am still surprised to hear about this credit score factor in assessing one's premium payments. Also as discussed in the clip, for those irresponsible citizens who manage to pay their premiums and are entitled to medical services, what happens when they default on their co-pays and significant medical bills? how will OBCare rectify those problems? Disqualifying them from the OBCare? Do you know how many diabetic americans who need glucose test strips but cannot afford them now. Once these people are forced to pay their basic coverage premiums, do you think they will have money left for paying their co-pays of their medical treatments and supplies?
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