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20% can't subsidize 80% except through astronimically high rates. As more of the 20%say no thanks, the rates for the remainder go higher. It's called a death spiral.
You do know that the ACA squeezed a lot of costs out of hospitals for guaranteeing Medicare patients and they also raised taxes on Medical devices, and wealth people. Too many of you out there that keep criticizing the ACA haven't done your homework. That's why Republicans keep talking about restoring Medicare Part C and getting rid of the Medical instrument tax. If that's done then the money for subsidies disappears. The ACA will only increase medical spending 1.5% over the next 10 years but millions more will be insured.
Obamacare is, at its fundamental nature, just another wealth-redistribution program. It's a program that uses health care as its excuse for redistributing, but its original purpose was, and still is, to redistribute wealth.
It's doing it, as people are finding out, by imposing high costs on everybody... and then "giving" lavish govt subsidies to those who earn less.
Basically it's taking lots of money from those who earn more, and handing it to those who earn less.
All this stuff about exchanges, patient loads, keeping your old plan etc., is merely window dressing. Obamacare is and always has been, a wealth redistribution program.
The government is just extracting more money from the citizens. It's theft, when you get right down to it. The government forces you into it, and they set the price you must pay, and there are few choices. Those choices are going to be disappearing as time goes on.
In Washington State, I'm seeing some who've been on Medicaid, and who have not been required to pay health costs, and who work roughly 18-25 hours a week at minimum wage, with children, are now going to have to start paying for their healthcare. Sure, they'll get a subsidy of course .. but will that subsidy cover the entire cost of the healthcare insurance premiums .. and, what about the deductible? Who's going to be covering that?
Washington is/was one of the Free-bee Liberal States, and now it seems, that since it's gotten all of those extra federal dollars to expand Medicaid, they are booting as many as possible into the exchange ... including children.
I think Washington is cancelling their basic health care program. It was for low-incomes but some of it wasn't that cheap. My guess is with the Bronze plan your friends will be paying very little. I don't know what the plan is on the deductible but I am sure if they went with the bronze plan they would pay very little. Washington by the way has been ahead of the curve on childrens health. The very high cigarette taxes go to the childrens health program. The Washington exchange is up and running if you want to check the numbers.
I spent the day on my job at the library reference desk answering phone calls and dealing with patrons who wanted to know where to sign up for Obamacare. In NY there are four different tiers of insurance options, bronze, silver, gold and platinum with the bronze plan the least expensive. No one knows what they cost because the web site keeps crashing. To make it worse, most callers didn't know there were tiers of insurance options because they didn't know they had to pay for health insurance. I suspect there were people who thought I was jerking them around because they asked to speak to someone else.
Using the Kaiser Calculator a family of four in Illinois making $55,000 a year would pay $1,973 on the bronze plan. If they make $70,000 it would be $4459.
I think the big thing with the rollout there hasn't been that much sticker shock. Sticker shock is if you end up in the emergency room without insurance and then spend a week or so in the hospital.
True, but that doesn't mean that insurance premiums aren't sticker shock either. What difference does it make if a premium is $60, $600, or $6,000 if you can't afford it?????
What seems to be lost on liberals is that "affordability" is relative. Just because a plan **might** be $500/month as opposed to the previous $1,000/month does not necessarily mean that it's "affordable."
What is it about you folks that this simple logic just doesn't click????
The government is just extracting more money from the citizens. It's theft, when you get right down to it. The government forces you into it, and they set the price you must pay, and there are few choices. Those choices are going to be disappearing as time goes on.
This isn't good at all. It needs to be repealed.
Have you looked at an exchange. I looked this morning and saw 27 plans in three different price levels from several for profit and non-profit companies. What I like about it that I can evaluate all the plans from one place. Plus you can buy any of them. No on is going to say, nope you have some health issues we don't like. Obviously you haven't bought insurance for a while on the open market if ever.
You do know that the ACA squeezed a lot of costs out of hospitals for guaranteeing Medicare patients and they also raised taxes on Medical devices, and wealth people. Too many of you out there that keep criticizing the ACA haven't done your homework. That's why Republicans keep talking about restoring Medicare Part C and getting rid of the Medical instrument tax. If that's done then the money for subsidies disappears. The ACA will only increase medical spending 1.5% over the next 10 years but millions more will be insured.
More BS. None of that will kerp the rate death spiral from happening.
family of 4 making $50K per year get stuck with a $6871 per year in premium (bronze) or $8290 (silver)
The max out of pocket would be $12,700 per year!
someone please explain to me how a family of 4 making 50K per year that cannot now afford to purchase HC, will be able to take a hit between $572 per month and $690 per month???????
That is not true. You are making a big error. You are taking the total unsubidized costs and not realize that the government is subsidizing part of that cost in that example the family would be responsible for $3365 of the premium or $280 a month
and the government would pay $4925. Add $3365 + $4925= $8290
Lololol you just misunderstood the number is all.
The "government" would pay the balance? Really?
To understand what really happens:
Your charges for the "bronze" plan is $6871/yr.
Your neighbor's charge for his "silver" plan is $8290/yr.
You get a subsidy for $4925... which means that your neighbor actually pays $8290 + $4925 = $13,215 per year.
Welcome to socialism, neighbor. We're glad you "volunteered" to participate.
Sucker.
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