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Originally posted by: pjstrohIf DonDiego currently gets prescription drugs through Medicare then the ACA most certainly does give him something....although I'm sure the government will gladly accept a check if he wishes to return his welfare subsidies from the ACA.
DonDiego had the good fortune to find a second wife younger than himself, . . . but unlucky in that her medical insurance plan was only available in her native Arizona. As a result DonDiego converted the medical insurance from his former employer to a family plan and retained the policy into his medicare years. Whatever savings The Obamacare provides on his prescription drugs saves his insurance company some money, not poor old DonDiego directly.
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To get back to the original point oet this thread CNBC, hardly a bastion of Conservative Tea-Party Obama-Haters published a summary of where Obamacare is on Wednesday:
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Aetna isn't the only insurer giving up on Obamacare. UnitedHealth, America's biggest insurer, will sell plans in just three states next year, down from 34 this year. Humana will offer coverage in just 156 counties in 2017, 88 percent fewer than this year.
In other words, the insurance "death spiral" has arrived. Obamacare's critics have long predicted that exchange plans' high premiums and deductibles would keep all but the sickest Americans from enrolling. These people would need so much medical care that insurers would lose money no matter how much they raised premiums. Eventually, insurers would have no choice but to pull out.
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This is exactly what the critics of the "proposed" Obamacare predicted in the limited debate on the legislation until it was passed on a 100%-partisan political vote.
The death spiral collapse was predictable by those familiar with how insurance works and how human beings make rational economic decisions.
Now it is happening.
[Rule of Thumb: If the Government compels the citizenry to buy something the citizenry would prefer not to buy even under penalty of a fine, it is probably a poor piece of legislation.]
And now, . . .
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President Obama and Democratic presidential nominee Hillary Clinton have proposed a novel solution to this government-created problem — more government. They're pushing for a government-run "public option" that would usher in de facto single-payer health care. That'd be a disaster for consumers and taxpayers alike.
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This ultimate plan was also foreseen by many of the opponents of Obamacare, . . . i.e. a failed Obamacare would require implementation of a single-payer socialist Government medical care institution.
DonDiego likes his insurance; all he wants is to be left alone.
