The Unaffordable Care Act

Good news! Under ObamaCare "the first $12.5 k a year" is NOT out of pocket. You're a regular rumor-mill on this subject.

Whether it's a right for seniors and veterans has already been decided in this country, hasn't it?

And those that advocated it as a right in the past include President Harry Truman, President Richard Nixon, President Bill Clinton, 1996 GOP presidential candidate Senator Robert Dole, Republican Senator Charles Grassley, and Massachusetts Governor Mitt Romney, among others. And its a right in virtually every industrialized country.

Honorable people can disagree on the answer to your question, andrew, but anyone who claims that national healthcare is somehow radical or out of the mainstream has no honor. And one more thing. It's the law.

You're right, it doesn't seem right.

So you'll be happy to know that, starting next year, no such policies exist.

I challenge you to lay it out here exactly how someone with some sort of medical condition that requires ongoing treatment is better off with Obama care. Let's say for sake of argument in the typical year the cost of their medical care is 50k a year prior to any insurance paying out. Say they are 40 years old, have a family plan and they are a non-smoker with a family income of 70k. Crunch the numbers for me how much does said individual have to pay out of pocket per-year for the insurance premiums, co-insurance and deductible?

The situation will vary depending on where you live. If I can add that your family has two kids and that you live in Oregon, here's what you'll experience.

You will pay $549 of the $750 monthly premium. The difference will be paid by the federal government. Your maximum out-of-pocket costs will be $6,250, which does not include the premiums. Therefore, the health care expenses for your entire family will be no higher than $549x12 + $6,250 = $12,838.

So if you have $50,000 in medical bills, the insurance will pay no less than $50,000 - $12,838 = $37,162 of it. That's a $37,162 savings compared to the policy you describe.

Plus your wife can get insurance even if she has a pre-existing condition, something not necessarily true before Obamacare.

You owe it to your family to learn more.

Crunch, crunch, crunch, crunch crunch...done!

$70,000 income in 2014, family of four, two 40-year-old adults, two kids, no smoking: $6,594 yearly premium after subsidy, or $550 per month for Silver. "Your out-of-pocket maximum for a Silver plan (not including the premium) can be no more than $12,700."

Yearly premium plus maximum out-of-pocket: $19,294.
Uninsured cost of medical care: $50,000 (your number)
ObamaCare saves you: $30,706

If you zero kids instead of two, ObamaCare will save you only $29,586.

All of the above according to the Kaiser Family Foundation Subsidy Calculator at https://kff.org/interactive/subsidy-calculator/ It's an estimate, since different states will have different rates. For example Nevada would be $85 less per month for the family of four.

Like lots of states, Oregon would allow the kids to join their Healthy Kids program, so that's why it's even less expensive than the nationwide-oriented Kaiser Family Foundation estimate forkushV used.

But again, I just picked Oregon at random, your actually state will be different, either more or less.

Okay, since I'm in a number crunching mood...

If the 60 year-old has zero medical expenses that year, ObamaCare Bronze will result in a $300 net loss over being uninsured.
If they have $1,000 in expenses, ObamaCare will typically result in about a $300 savings.
If they have $5,000 in expenses, ObamaCare will typically result in about a $2,700 savings.
If they have $10,000 in medical expenses, ObamaCare will typically result in about a $5,700 savings over being uninsured.

Sounds like my definition of much much better.

Good examples. However, the uninsured person will be in worse shape than you describe because they will be forced to pay the individual mandate tax. That annual amount is either $695 or 2.5 percent of household income for those who don’t have insurance and are not exempt based on income levels.

Get insured, folks.

Just a hunch. You've got some skin in this game. Health insurance or something related to it is responsible for your income.