Vegas Free-for-All - The Unaffordable Care Act

forkushV

Sep 13, 2013
2:58am

From the Boston Globe, for 60-year olds making less than $30k:

"But the price of the bronze plans would be considerably lower. The premiums would be entirely covered by the tax credits in Hartford; that plan would only cost $16 monthly in Richmond and Providence, and only $19 in Baltimore. With the tax subsidies, monthly premiums would be under $75 in 12 of the cities."

forkushV

Sep 13, 2013
7:08am

Block User

Quote

Originally posted by: forkushV

Quote
Originally posted by: DonDiego
...Republican Senator David Vitter vowed to reverse the OPM ruling to ensure that no members of Congress, Capitol Hill staff nor Obama administration appointees get any federal subsidies for health insurance purchased on Obamacare health exchanges.
'These recent maneuverings inside the beltway are precisely why the American people rightly despise Congress,' said Vitter, of Louisiana. 'Perhaps if White House appointees and Congress have to live under these same Obamacare rules, things would be changed quickly for the better.' "
Ref: Reuters..

No that's not why Americans hate Congress. They hate Congress:
[...]

because of family values Senators like Senator Vitter who are caught with prostitutes...

Damn I'm good!

At about the same time I wrote that, Politico reported that, if Vitter goes ahead with his grandstanding over the OPM revenue neutral decision, Democrats may introduce legislation to deny insurance subsides to anyone if there is probable cause that they engaged in the solicitation of prostitution.

Take that, Diaper Dave.

Don

Sep 13, 2013
10:54pm

Block User

Quote

Originally posted by: forkushV

Quote
Originally posted by: DonDiego
"I will not sign a plan that adds one dime to our deficits — either now or in the future."
__President Barack Obama, September 2009

Oh, . . . by the way, . . . the Congressional Budget Office now calculates that Obamacare will be running a deficit by 2016, . . . and the deficit will total approximately 180-billion dimes by the end of this decade.
Ref: Investor's Business Daily

DonDiego is shocked. But he will likely get over it.

The CBO said no such thing according to your link. You should correct the record.

forkushV is correct.

Based upon the original CBO estimate and the additional costs presently anticipated because of incompetence in instituting the program and expensive political decisions Investor's Business Daily, not the CBO, calculated the likely $18-billion deficit to be accumulated by the end of this decade.

DonDiego apologizes for the error and thanks forkushV for alerting him to it.

: : : EDITED TO ADD : : :
In his random news-reading today, poor old DonDiego found that, in fact, the CBO did calculate that the 1-year delay in enforcing the business participation in Obamacare will result in a loss of $12-billion in revenue, just as IBD suggested.. DonDiego supposes the CBO wouldn't differ greatly from IBD in the $18-billion estimated deficit through 2019, if/when they get around to estimating it.

Don

Sep 13, 2013
10:59pm

Block User

[This post intentionally left empty.]

[Well, technically, it was emptied after it was posted, because it was a duplicate post to that immediately above, . . . but it wasn't poor old DonDiego's fault. The Las Vegas Advisor site had stalled installing the post and DonDiego reposted it without any indication that it had already posted and, sure enough, it displayed itself twice.
Oh and not to change the subject but, . . . by the way, . . . all day yesterday DonDiego was warned that this site was loaded up again with malware, so he avoided entering. Who's attacking the site, . . . and is the objective of the malware evil mayhem or commercial exploitation or what?
[Actually that second paragraph, above, was to change the subject.]]

malibber2

Sep 14, 2013
3:09am

Block User

Typically what younger folks do is sign up for a state minimum coverage policy which offers a partly 10k of property damage coverage and 25k in injury coverage. You will see advertisements for this type of coverage all over radio and TV the emphasis is always on "state minimum coverage"

However, unlike Obama care the benefits for car insurance is front end loaded. There is no coinsurance and since we are talking about liability coverage there is no deductible. They get the full benefit of what they paid for immediately.

Under Obama care the 25 year old doesn't get the benefits of up front. If he or she gets sick or hurt they get popped for $6,350 up front and if their injury or illness stretches over two calendar years they get popped for $12,700 upfront.

Prior to Obama care we used to call health insurance policies like these "catastrophic polices " and they were only suitable for high income people that had the disposable income to pay the co pays and deductibles. Now they are suddenly mainstream for low and middle income folks? lol

Here is what I think is going to happen after a few years of Obama care. 1. None of the flaws we be fixed because they are there by design to save the government money and to preserve profits for the private health insurance companies. 2. All of you that have insurance through your employer are in for bad news too. Your formally 80/20 plan that had a cap of $2500 per-year will morph into one of these catastrophic plans that is 60/40 with a $6,350 out of pocket within a few years.

Quote

Originally posted by: forkushV

Quote
Originally posted by: malibber2
The smart 25 year old excepting those that are independently wealthy will conclude that if they have to use the insurance it means they are going to be looking at going broke so the insurance isn't worthwhile.

You said the typical premium for someone that age was $146 a month so that gives them up to $1752 dollars a year to spend on medical treatment instead of insurance...

I bet if you ran their numbers for car insurance you'd come up with the same conclusion. Also a really bad idea however.

malibber2

Sep 14, 2013
3:37am

Block User

That's a big part of the problem it is too complex. The complexity isn't because it is "socialized" medicine for the masses, but rather because it contains guarantees of unending and ever increasing profits for insurance companies, pharmaceutical companies, large corporate hospital companies and doctors.
If you truly had socialized medicine it would be very simple system. That is why the CBO says a single payer is so much cheaper than any other system that retains private insurance.

Quote

Originally posted by: pjstroh

Quote
Originally posted by: hoops2
Quote
Originally posted by: pjstroh
Malibber proves there is much to be desired in our healthcare system post Obamacare. We are still the only nation in the industrialized world where the consequences of getting sick can equate to bankruptcy.

Are you saying the 12,000+ page program is not enough?

Exactly.

BobOrme

Sep 14, 2013
3:53am

Block User

forkushV

Sep 14, 2013
7:39am

Block User

Quote

Originally posted by: BobOrme

Death Panels! Aw now your getting me all nostalgic.

I mean, remember "palling around with terrorists," born in Kenya, the secret Muslim, Sharia Law, teleprompters, Michelle's "kill whitey" tape, and the Black Panthers. So many memories.

Dan Svatass

Sep 14, 2013
9:20am

Block User

Quote

Originally posted by: forkushV
I mean, remember "palling around with terrorists," born in Kenya, the secret Muslim, Sharia Law, teleprompters, Michelle's "kill whitey" tape, and the Black Panthers. So many memories.

They still don't accept that President Obama passed Obamacare, then was re-elected in a landslide.

Ah well, at least there aren't many of them.

BobOrme

Sep 14, 2013
10:18am

Block User

Quote

Originally posted by: Chilcoot
They still don't accept that President Obama passed Obamacare, then was re-elected in a landslide.

Ah well, at least there aren't many of them.

«‹6 ›»

Already a LVA subscriber?
To continue reading, choose an option below:

Diamond Membership

$3 per month

Unlimited access to LVA website

Exclusive subscriber-only content

Limited Member Rewards Online

Join Now

Platinum Membership

$50 per year

Unlimited access to LVA website

Exclusive subscriber-only content

Exclusive Member Rewards Book

Join Now