How do we pay for Obamacare ?

[old_cold]

Originally Posted by Rakin

I'd bet as we get more into Ocare there will be all kind of holes that will be exploited. Americans can be creative.

Oh yeah. A couple we know that retired early ( mid 50s) with no pension and without much actual planning, figuring that since they had managed to save up about 1/2 a million in IRAs and regular savings, they were sitting pretty and could do part time handyman work to meet daily expenses.
So, they quit work, paid cash for a modest house in their desired retirement location.
They hadn't thought about health insurance and were aghast to find out it would be about $1000 a month.
Enter the ACA and the website and an insurance broker.

You know that assets aren't counted.
By arranging an annual withdrawal of just the right amount, they got subsidized to the extent of an approximate $100 a month premium.
They did express thanks to all still working taxpayers for helping them live the good life.

[chucksnee]

Gotta love the stupid "Tri-care/VA" remarks....

So, less than 1% of the current population is the problem....

Oh, and did you know that when you turn 65 you must get Medicare....

Of course you did, that is evident by the brilliant remarks....

[florida.bob]

Originally Posted by Rakin

Increased Medicaid and Obamacare subsidies.

I understand there are a new fees going into effect Jan 1 but how do we pay for the rest of the program ?
Will my increased premium costs be kicked back by the insurance companies to cover subsidies ?

Lest we forget ...

Summary of the Affordable Care Act | The Henry J. Kaiser Family Foundation

[chucksnee]

Originally Posted by florida.bob

Lest we forget ...

Summary of the Affordable Care Act | The Henry J. Kaiser Family Foundation

What was the purpose of the ACA....

Oh yea...to ensure that all people were covered...

Lest we forget that 30,000,000 will still be uninsured....

[pghquest]

Originally Posted by florida.bob

Lest we forget ...

Summary of the Affordable Care Act | The Henry J. Kaiser Family Foundation

You havent answered the question I posed on the other similar thread.

To pay for ACA, millions of people have to go uninsured, and pay a fine.

But we were told ACA had to be passed so that millions of people could get insurance..

They conflict with one another, so which is true?

[HappyTexan]

Originally Posted by old_cold

Oh yeah. A couple we know that retired early ( mid 50s) with no pension and without much actual planning, figuring that since they had managed to save up about 1/2 a million in IRAs and regular savings, they were sitting pretty and could do part time handyman work to meet daily expenses.
So, they quit work, paid cash for a modest house in their desired retirement location.
They hadn't thought about health insurance and were aghast to find out it would be about $1000 a month.
Enter the ACA and the website and an insurance broker.

You know that assets aren't counted.
By arranging an annual withdrawal of just the right amount, they got subsidized to the extent of an approximate $100 a month premium.
They did express thanks to all still working taxpayers for helping them live the good life.

If they were then people making $95K a year wouldn't get subsidies either.
No assets are counted..only your "estimated" income for next year.

[chucksnee]

Originally Posted by florida.bob

Lest we forget ...

Summary of the Affordable Care Act | The Henry J. Kaiser Family Foundation

And lets not forget the words that obama spoke:

"My plan begins by covering every American. If you already have health insurance, the only thing that will change for you under this plan is that the amount of money you will spend on premiums will be less,"

Obama Unveils Universal Health Care Plan - CBS News

Hows that working out for ya?