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Unsubsidized insurance annual premium is : $5000.00
Subsidy is : :$2500.00
Monthly unsubsidized premium is: $416.66
Monthly subsidized premium Suzie Sugar pays is: $208.33
Is Uncle Sugar cutting a check each month for the subsidy of $208.33 made out to his niece Suzie Sugar, or is the check made out to Blue Cross, the insurance provider to make up the difference for $416.66?
The insurance provider gets the money. Suzie has to pay the 416. She can choose to apply some, none or all of her subsidy to that. If she applies none of it she pays the full 416 out of her pocket, but gets a big refund check come April. If she applies all of it, she gets no refund but pays a lower premium all year. And then the combos in between.
First they whine that the government is taking over the health insurance and then they realize that, no, it is private companies that are on the exchanges and then they whine about that. Cons!
We are complaining that the government just billed us a few trillion dollars just to point people to already existing websites.
The tax credits are paid directly to whomever you sign up with. You pay the difference in a monthly premium. If they were paid up front minorities would take the money to buy drugs and then cancel their insurance (<-sarcasm - well for me, but I am sure most of the C-D P&OC contributors would agree with it).
So the government is subsidizing the private insurance industry.
They always have. They can't afford it and nothing was done to change that.
Subsidies, you fact-challenged individual.
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In years past didn't the argument go that health insurance companies were evil?
Well, we collectively twisted their arms to keep them from some of their most reprehensive practices. No rescission of poliricies without fraud, no denial due to pre-existing conditions, an obligation to spend 80% of the premium intake on payments or issuing refunds, that sort of thing.
Well, we collectively twisted their arms to keep them from some of their most reprehensive practices. No rescission of poliricies without fraud, no denial due to pre-existing conditions, an obligation to spend 80% of the premium intake on payments or issuing refunds, that sort of thing.
A middle man taking profit is never the solution to a problem like this.
I thought Obamacare was a "government takeover" of the health care system?
Haven't you noticed that the righties are burning both ends of the candle on everything concerning The ACA? I suppose when the mythological propaganda is being pumped out so fiercely and furiously, it's difficult to keep up and filter through the hogwash.
Well, we collectively twisted their arms to keep them from some of their most reprehensive practices. No rescission of poliricies without fraud, no denial due to pre-existing conditions, an obligation to spend 80% of the premium intake on payments or issuing refunds, that sort of thing.
If Suzie Sugar pays $5,000.00 annual premium to Blue Cross with $2,500.00 of that subsidized by the government, and she uses no medical services beyond one annual doctor visit, which is considered preventative at no charge, Blue Cross will cut a check to Suzie Sugar for 80% of the total annual $5,000.00 premium for $4,000.00? And then Uncle Sugar will refund his niece Suzie Sugar the subsidy of $2,500.00 on her next tax refund?
Suzie walks away with an extra $6,500.00 cash thanks to Blue Cross and Uncle Sugar?
For Florida residents hoping to purchase coverage through the new health insurance exchange, options will largely depend on where they live, according to new information from the state's Office of Insurance Regulation.
As of this month, 10 insurance companies have received federal approval to sell Floridians health plans on the federally assisted health exchange, which rolls out Oct. 1.
However, not all companies will sell plans in all counties, said state insurance commissioner Kevin McCarty.
In Florida, we have a Governor who is actively trying to stop the implementation, he will fail. He also won't be reelected.
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