PJ, I respectfully disagree. The insurance companies know that my sister-in-law is a high risk cancer survivor, and they used to charge my bro lots of extra money to cover the risk of future huge medical costs.
That risk (and inherit expenses) has now been transferred to you and me. And then friendly old Obama and friends were nice enough to double down on this wealth transfer, and gave my nice brother Big Lar a subsidy.
Trasferring risk does not eliminate risk.
That risk (and inherit expenses) has now been transferred to you and me. And then friendly old Obama and friends were nice enough to double down on this wealth transfer, and gave my nice brother Big Lar a subsidy.
Trasferring risk does not eliminate risk.
Quote
Originally posted by: pjstroh
Rates will climb in some states...all the ones that did not expand Medicaid (like ours, Boiler). And its because our premiums will pay for the emergency room care of the uninsured...just like in the previous system. Lets compare how premiums rise in Indiana vs Kentucky next year.
Your brother isn't going to make anyone's rates rise. All the uninsured people our governor has stiff-armed will. Aren't you glad you voted for him?
Originally posted by: pjstroh
Quote
Originally posted by: Boilerman
Here's a wonderful "real World" example of a couple who signed up for Obamacare on "the site". My brother retired very comfortably at the age of 55. He's currently 60 years old, his wife is 59, and their two children are adults and on their own. My bro and his nice wife of 34 years made their annual January two week trip to Hawaii a few months back. They rent three private villas since mom and dad also pay for flights and lodging for their 2 kids, their spouses, and two grand children. I'm guessing this trip runs twenty five grand. Last April the bro traveled with me to Texas for a 5 nights and four rounds of golf. Last April they spent 10 days in the outer banks with friends. Unfortunately he's going to miss this year’s Indy 500 since he and the wife are spending 4 nights in Amsterdam, then 10 nights in the Serengeti (Tanzania Africa) watching wildlife. The safari portion of this trip is $14,700 alone (I saw the itinerary). Big Lar owns two planes plus one hanger valued at about $250,000 (the expensive one being a fully restored German Bucker Jungmann Bi-plane WWII trainer. His $504,000 home (pulled off of Zillow this morning) was paid off years ago. I'm missing many other minor trips over the last year, but you get the idea
Since my bro decided to pull back his investments into a mostly cash position, his "income" was quite low as they lived off of "cash".
It's good to know that my bro is receiving subsidized Obamacare savings of approximately $8000 annually vs his previous plan. His wife had breast cancer several years ago, so this is wonderful for them.......at the expense of the rest of America.
Watch everyone’s rate climb next year.
Rates will climb in some states...all the ones that did not expand Medicaid (like ours, Boiler). And its because our premiums will pay for the emergency room care of the uninsured...just like in the previous system. Lets compare how premiums rise in Indiana vs Kentucky next year.
Your brother isn't going to make anyone's rates rise. All the uninsured people our governor has stiff-armed will. Aren't you glad you voted for him?
