The problem with Obamacare is that the numbers simply do not work. You can take a range of average incomes in this country and then calculate what the premium would have to be to make a policy profitable. You end up with premiums that are more than 20% of people’s gross income. That is with high deductibles and high out of pocket costs.
The private part of Obamacare took a vestige (private insurance) and said, “Ok we are going to save private for profit insurance from obsolesce. We are going to guarantee profits and customers. We will give the customers premium assistance, so they can afford the premiums. We also promise not to do anything to hurt the profitability of pharmaceutical companies, the hospital industry or doctors. In fact, we are going to promise they will continue to get at least a 10% raise every year regardless of economic reality.”
It doesn’t take a genius to see something like that can’t work.
On the other hand, what is working is the socialist part of Obamacare, the Medicaid expansion. Even Alabama and Louisiana are ready to hop on board. So I’d ask conservatives what they are going to replace the private marketplace component of Obamacare with when it fails? Hillary has offered a $5,000 tax credit for out of pocket costs as an acknowledgment of Obamacare’s sky high out of pocket costs, but that solution is weak sauce as the insured would still have to front the out of pocket cost plus to insurance premium to get the tax credit. Republicans in the almost six years since Obamacare has passed, have failed to come up with any alternative.
The private part of Obamacare took a vestige (private insurance) and said, “Ok we are going to save private for profit insurance from obsolesce. We are going to guarantee profits and customers. We will give the customers premium assistance, so they can afford the premiums. We also promise not to do anything to hurt the profitability of pharmaceutical companies, the hospital industry or doctors. In fact, we are going to promise they will continue to get at least a 10% raise every year regardless of economic reality.”
It doesn’t take a genius to see something like that can’t work.
On the other hand, what is working is the socialist part of Obamacare, the Medicaid expansion. Even Alabama and Louisiana are ready to hop on board. So I’d ask conservatives what they are going to replace the private marketplace component of Obamacare with when it fails? Hillary has offered a $5,000 tax credit for out of pocket costs as an acknowledgment of Obamacare’s sky high out of pocket costs, but that solution is weak sauce as the insured would still have to front the out of pocket cost plus to insurance premium to get the tax credit. Republicans in the almost six years since Obamacare has passed, have failed to come up with any alternative.
