As Predicted: Obamacare Has Higher Than Average Out of Pocket Costs

Quote

---

Originally posted by: forkushV
malibber, good news! I've come across some Indiana based rates, and an Indianapolis family of four with an income of $50,000, for the Bronze program will pay:

$11.00 per month for ObamaCare.

And obviously, that's regardless of the pre-existing conditions of any of the four family members. For silver, it would be $282 for someone making $50k, and $1,011 for a family with income greater than 400% of the poverty level. And everyone is free to buy their own insurance outside the marketplace if they choose.

---

Quote

---

Originally posted by: forkushV
malibber, good news! I've come across some Indiana based rates, and an Indianapolis family of four with an income of $50,000, for the Bronze program will pay:

$11.00 per month for ObamaCare.

And obviously, that's regardless of the pre-existing conditions of any of the four family members. For silver, it would be $282 for someone making $50k, and $1,011 for a family with income greater than 400% of the poverty level. And everyone is free to buy their own insurance outside the marketplace if they choose.

And between co-pays and out-of-pocket rules, bronze covers about 60% of costs on an actuarial basis, silver is 70%. And if the insurance company turns out to pay less than anticipated in benefits, they will send you a rebate check. Over 8 million people received them this year.

---

Quote

---

Originally posted by: DonDiego

Quote

---

Originally posted by: forkushV
malibber, good news! I've come across some Indiana based rates, and an Indianapolis family of four with an income of $50,000, for the Bronze program will pay:

$11.00 per month for ObamaCare.

And obviously, that's regardless of the pre-existing conditions of any of the four family members. For silver, it would be $282 for someone making $50k, and $1,011 for a family with income greater than 400% of the poverty level. And everyone is free to buy their own insurance outside the marketplace if they choose.

---

And a single 27-year-old earning $50,000-per-year, for the Lowest Bronze Program will pay:

$204.00 per month for Obamacare.

What a deal!

Oh, wait, . . .that's not much of a deal. How is it possible for a 27-year old to be paying over 18-times as much as a family of 4, . . . for the same coverage?

---

Quote

---

Originally posted by: DonDiego

Quote

---

Originally posted by: forkushV
malibber, good news! I've come across some Indiana based rates, and an Indianapolis family of four with an income of $50,000, for the Bronze program will pay:



$11.00 per month for ObamaCare.

And obviously, that's regardless of the pre-existing conditions of any of the four family members. For silver, it would be $282 for someone making $50k, and $1,011 for a family with income greater than 400% of the poverty level. And everyone is free to buy their own insurance outside the marketplace if they choose.

---

And a single 27-year-old earning $50,000-per-year, for the Lowest Bronze Program will pay:

$204.00 per month for Obamacare.

What a deal!

Oh, wait, . . .that's not much of a deal. How is it possible for a 27-year old to be paying over 18-times as much as a family of 4, . . . for the same coverage?

---

Quote

---

Originally posted by: forkushV
Because lower ACA subsidies. A single person making $50,000 has A LOT more spending money than a family of four making the same.

Seriously, you didn't know that?

---

Seriously, DonDiego did know. He just wanted forkushV to document it.
[It's in Table 2: Premiums and Qualified Health Plan Choices, 36 States (Largest City in State) of forkushv"s ASPE link : "After tax credits, bronze premiums for a family of four may be below those for a single individual. This occurs because the tax credit is calculated as the difference between the cost of the second lowest cost silver plan premium and the maximum payment amount determined by income. Because premiums for older individuals and families are higher than those for younger individuals, tax credits are larger for older individuals and families. Therefore, using tax credits to purchase a bronze plan may yield lower bronze premiums for older individuals and families than for younger individuals."]

But, but, . . . didn't insurance premiums used to be based on things like age and health risks, not "spending money". So this "insurance" is based on, . . . what? . . . redistribution of income?
[See, . . . DonDiego wanted forkushV to bring up redistribution of income; When DonDiego says stuff like that readers just think he's a right wing nut job.]

Quote

---

Originally posted by: malibber2
Because young folks are the designated patsies of Obama care. Again if it was so good O wouldn't have to go out and sell it to young folks they would be lining up to buy it.

. . . If I was young man I'd rather spend that money on drugs, alcohol and girls.

---

Quote

---

Originally posted by: DonDiego
...And the Government gets to redistribute income, . . . or, as Vladimir Lenin used to say: "From each according to their 'spending money earnings' to each according to their 'health insurance premium expenses'."...

---

Quote

---

Originally posted by: nemesis
I consider myself blessed by the fact that my wife and daughter both work in the insurance field and I have never had to EVER concern myself with anything remotely dealing with anything that had the word insurance in it. I can think of NOTHING more confusing than a medical insurance policy.

With that in mind I will say this, and ONLY this about Obamacare. My wife is a college grad with 36 years experience in the field. She has held many positions in her long career including claim exaiminer, adjuster, supervisor, Officer Mgr, etc. Currently she holds the title of Financial Advisor. Its her job to know these policies inside and out. My daughter deals exclusively with the government stuff. A specialist, if you will.

The daughter was visiting the other day and the two of them began talking shop and of course Obamacare was the main topic of discussion. My daughter felt the only thing to do was move to Canada. My wife said she would drive!

This half joke was from two people who know what they are talking about. They don't just read the hand-outs. They are the ones dealing with it. My wife sits in on the executive meetings on how to deal with this shit.

Good luck everyone. Its not the great deal you think it is.

---

Quote

---

Originally posted by: DonDiego
It's sorta like them win-win-win situations, . . . at least for the Government and those to whom the Government distributes the money, . . . not so much for successful young people.

---