For years, ObamaCare critics focused on its least popular feature — the mandate that everyone buy insurance — taking their fight all the way to the Supreme Court. But as ObamaCare´s official launch date approaches, even its backers are beginning to admit that the law could actually create powerful incentives for millions of people and thousands of businesses to drop their coverage, despite the mandate. There is growing concern, for example, that the law´s market reforms will cause a huge "rate shock," particularly for those young and healthy.
Yes. Of course; only a fool would buy it now when the Law DEMANDS you be covered AFTER the diagnosis of an illness. Being from NJ, we have the highest car insurance in the Country-because it is REQUIRED. If all the drivers could save the $$ and simply buy insurance AFTER a crash, why wouldn´t they?
Of course I have only a GED, so this is probably too logical for those who possess a BA, MA or PhD.
It is actually worse than this. The unemployment rate for those young and healthy folks that are to pay their ´fair´ share so the sick and uninsurable can ´receive´ their ´fair´ share will only increase the death spiral. Older workers (they have to work since their retirement has been wiped out by Obambi and his ´recovery´) are taking jobs from the young. The young can´t find work, get the experience they need to improve their earning capabilities and have ´affordable´ insurance because the older work force is taking so many jobs or not retiring. Less young workers hat are healthy and more older workers that have health issues one expects from getting old will increase the cost of insurance. Thus, when a kid is lucky enough to actually find a job, insurance is even more expensive and unaffordable to someone with entry level employment wages. At some point and time, this entire incredibly poorly designed Ponzi scheme will collapse.
This is what happens when the interns with no experience were writing laws and there were no adults in the room! I am just surprised that they did not write in "unicorns for each family to ward off sickness".
Obamacare (etc) will bankrupt this country. It´s not just the young and healthy who will be wiped out. Here is the Obamacare math in our household: Insurance Premiums (annual): 2008 = $7020 2013 = $16584 add in our combined deductible of $4800 and we´re paying over $21,000 - now our single largest expense. Can´t imagine how high it will climb by 2014! And here´s an interesting bit: went to a specialist a few months back. Was given the bill on the way out. "We don´t accept your insurance, so you need to pay in full now." Lots of different numbers on the bill. Explanation: "If we took your insurance, we would be charging your insurance company $1175; paying yourself costs $504." Hmmmm, Hmmmm, Hmmmm.
Reply 7 - Posted by:
Redneck In NY, 2/20/2013 8:57:48 AM (No. 9186429)
This will do wonders for unemployment. Annnd if ya think that is gonna hurt, wait til Uncle Sugar raises the min wage....ahhhhahahahaha....suckers indeed.
But, in the mode of Monte Python and with the mentality of a teleprompter supporter: this New Writing is amazing! Simply write something down, call it a Bill, and whatever you want comes to pass! Free medical coverage miraculously appears! Mission accomplished!
Once all this becomes evident to the public next year, Democrats who voted for Obama Care who survive the 2014 election may be a very rare species indeed.
You have to either be very stupid, or a Harvard trained liberal Democrat, to believe that young people in good health are going to flock out to purchase a very expensive health care insurance policy when they can simply wait until they get sick and really need such a policy knowing that the insurance companies can´t legally turn them down.
The average price for the lowest-cost ObamaCare "bronze" plan in eight states is 122% higher than the cheapest plan currently available in those states, according to an IBD analysis of rate filings and a recent Government Accountability Office report. The late July report, largely overlooked by the press, provides detailed information on insurance plans today in all 50 states, from the cheapest plans offered to a 30-year-old nonsmoker to the most expensive plans 55-year-old couples can buy. A separate report from the Maryland insurance department lists the lowest-cost "bronze" plans proposed for ObamaCare exchanges in eight states. Comparing the two
More than 76,000 workers went on the federal government´s disability program in July, according to the latest data from the Social Security administration, bringing the total number of new enrollees this year to 534,038. Although that is down somewhat from the same month last year, enrollment in the Social Security Disability Insurance program remains sharply higher than it has been historically. Since 2009, an average of about 1 million workers have gone on SSDI annually — a 31% increase from the average enrollment over the previous 10 years. As a result, a record 8.9 million workers are now collecting disability benefits
Cost-Shifting: Looks like Detroit might get a federal bailout after all, by offloading its retiree health costs onto federal taxpayers via ObamaCare. It´s a window into why Obama-Care costs will quickly spiral out of control. On Sunday, the New York Times noted that Detroit hopes to push its younger retirees who aren´t yet eligible for Medicare into the ObamaCare exchanges, where many will be eligible for subsidized insurance. Federal tax payers will pick up the tab, rather than those in Detroit.
Mea Culpa: The president is planning a major speech in Illinois Wednesday on economic policy. You don´t need a crystal ball to predict what he´ll say. But here´s what he arguably should say. My fellow Americans, eight years ago, I stood here on the steps of Knox College to deliver a commencement address, and I took the opportunity to lay out my vision for economic opportunity. The speech was an indictment of President Bush´s idea of a go-it-alone "ownership society." The key to America´s greatness, I argued, came from government programs like Social Security
President Obama complained Thursday that "despite all the evidence that the (Affordable Care Act) is working the way it was supposed to for middle-class Americans, Republicans in the House of Representatives voted — for nearly the 40th time — to dismantle it." The line, part of a talk touting all the great things ObamaCare is already doing, got a chuckle out of the audience. But what Obama didn´t say is that he himself has signed three bills that dismantled chunks of ObamaCare.
The avowed purpose of the immigration bill passed by the Senate and pending in the House is to provide a "path to citizenship" for the illegal immigrants in exchange for tough new enforcement measures that would prevent other such incursions in the future. But buried deep within the immigration bill are hidden multimillion-dollar slush funds for left-wing nonprofit groups to provide services to the estimated 11 million illegal immigrants now in the U.S. Once enacted, the slush funds would total almost $300 million over three years and grow over time.
House Republicans plan to vote this week on a bill that would delay ObamaCare´s individual mandate, adding to the one-year delay of the employer mandate the administration already announced. It´s a smart political move, since the law has never been more unpopular. A Gallup survey finds that 52% now disapprove of ObamaCare, up from 45% last November. [snip] But even if President Obama were to sign an individual mandate delay bill into law — highly unlikely — it would be largely meaningless in terms of avoiding ObamaCare´s long-term health care and budget disasters.
In September 2009, President Obama promised the country that "I will not sign a plan that adds one dime to our deficits — either now or in the future." But it turns out Obama did sign such a plan — in fact, ObamaCare could add upwards of 180 billion dimes to the deficit in its first 10 years, an IBD analysis of various official budget reports found. According to the Congressional Budget Office´s initial forecast made in March 2010, ObamaCare was supposed to cut the deficit a total of $124 billion in its first decade.
Regulation: We don´t often find ourselves agreeing with what most lawmakers say, but this week was an exception when a congressman explained why he wanted to prevent a federal ban on traditional light bulbs. "If the new energy-efficient light bulbs save money, and if they´re better for the environment, we should trust our constituents to make the choice on their own to move toward these bulbs," Rep. Michael Burgess, R-Texas, said. "Let the market decide." Imagine that! Trust consumers. Let the market decide. A common-sense idea that expresses basic economic principles. But such simple wisdom...
The Health and Human Services Department earlier this year exposed just how vast the government’s data collection efforts will be on millions of Americans as a result of ObamaCare. Sen. Max Baucus, D-Mont., asked HHS to provide “a complete list of agencies that will interact with the Federal Data Services Hub.” The Hub is a central feature of ObamaCare, since it will be used by the new insurance exchanges to determine eligibility for benefits, exemptions from the federal mandate, and how much to grant in federal insurance subsidies.
When Regal Entertainment Group in April blamed ObamaCare for the fact that it was cutting some of its workers’ hours, backers of the law mounted a furious backlash against the theater chain, among other things filling its Facebook page with boycott threats. “Greed and selfishness make me sick,” one of them said. [snip] Yet while private companies are getting all this unwelcome and hostile attention, local governments across the country have been quietly doing exactly the same thing — cutting part-time hours specifically so they can skirt ObamaCare’s costly employer mandate
Immigration Reform: The Senate on Tuesday voted against tough border security measures that it promised to put in place years ago. Tell us again why we should trust them to secure the borders later after granting amnesty first. In a pair of votes, the Senate turned down a border fence it promised to build seven years ago and a biometric entry-exit system it promised to put in place 17 years ago. The history of these previous efforts to secure the nation´s borders is illuminating.
WASHINGTON — U.S. officials insisted Tuesday that extraordinary security measures for nearly two dozen diplomatic posts were to thwart an “immediate, specific threat,” a claim questioned by counterterrorism experts, who note that the alert covers an incongruous set of nations from the Middle East to an island off the southern coast of Africa. Analysts don’t dispute the Obama administration’s narrative that it’s gleaned intelligence on a plot involving al Qaida’s most active affiliate, the Yemen-based Arabian Peninsula branch. That would explain why most U.S. posts in the Persian Gulf are on lockdown, including the U.
The truth about Benghazi, the Associated Press/James Rosen monitoring, the IRS corruption, the NSA octopus, and Fast and Furious is still not exactly known. Almost a year after the attacks on our Benghazi facilities, we are only now learning details of CIA gun-running, military stand-down orders, aliases of those involved who are still hard to locate, massaged talking points, and the weird jailing of Nakoula Basseley Nakoula. We still do not quite know why Eric Holder’s Justice Department went after the Associated Press or Fox News’s James Rosen — given that members of the administration were themselves illegally leaking
Critics of the president are convinced that Barack Obama will do lasting damage to the U.S. I doubt it. Obama came to power in the third year of large Democratic congressional majorities. In his first referendum, he lost the House and he may soon lose the Senate; in other words, there followed a somewhat normal reaction against a majority party. Obama’s popularity rating is well below 50%, despite an obsequious media and a brilliantly negative billion-dollar campaign that long ago turned Mitt Romney into a veritable elevator-using, equestrian-marrying, canine-hating monster. In the second term, there is little
He thought he was a woman trapped in a man’s body — but it turns out he’s “just another boring straight guy.” ABC News editor Don Ennis strolled into the newsroom in May wearing a little black dress and an auburn wig and announced he was transgender and splitting from his wife. He wanted to be called Dawn. But now he says he suffered from a two-day bout of amnesia that has made him realize he wants to live his life again as Don. “I accused my wife of playing some kind of cruel joke, dressing
The U.S. State Department issued a global alert about the terrorist threat allegedly posed by Al-Qaeda in Yemen. The USA announced the closure of its missions in the Middle East and Africa, and their example was followed by France, Britain, and Germany. However, this was only an attempt to justify the activities of the National Security Agency.Last Saturday, right after alerting of the terror threat civilians and BOLO complex ("be on the lookout") that includes law enforcement and federal officials, President Barack Obama went to play golf, and then celebrated his birthday at the presidential retreat at Camp David.
Former Republican presidential nominee Mitt Romney jumped into the debate over the GOP’s future Tuesday night, warning congressional Republicans against forcing a government shutdown in their quest to stop President Barack Obama’s signature health care law. Romney addressed more than 200 donors on the shores of Lake Winnipesaukee at a fundraiser for the New Hampshire Republican Party, staged just four miles from the vacation home where he has spent much of the summer with his family. The event was closed to the media, but his office released his prepared remarks.
WASHINGTON — Former Massachusetts lawmaker Barney Frank revealed that he doesn’t believe in God. During Friday’s appearance on HBO’s “Real Time With Bill Maher,” Frank, who championed the decriminalization of pot while serving in the House of Representatives, admitted to smoking marijuana and being an atheist. “You were in a fairly safe district. You were not one of those congress people who would have to worry about every little thing,” Maher said to Frank. “You could come on this show and sit next to a pot-smoking atheist and it wouldn’t bother you.”
In a rare diplomatic snub, President Obama is canceling plans to meet with Russian President Vladimir Putin in Moscow next month. The decision reflects both U.S. anger over Russia´s harboring of National Security Agency leaker Edward Snowden and growing frustration within the Obama administration over what it sees as Moscow´s stubbornness on other key issues, including missile defense and human rights. Obama will still attend the Group of 20 economic summit in St. Petersburg, Russia, but a top White House official said the president had no plans to hold one-on-one talks with Putin while there.
Washington--As hundreds of commuters emerged from Amtrak and commuter trains at Union Station on a recent morning, an armed squad of men and women dressed in bulletproof vests made their way through the crowds. The squad was not with the Washington police department or Amtrak’s police force, but was one of the Transportation Security Administration’s Visible Intermodal Prevention and Response squads — VIPR teams for short — assigned to perform random security sweeps to prevent terrorist attacks at transportation hubs across the United States.(Snip)With little fanfare, the agency best known for airport screenings has vastly expanded its reach
A poll released Friday by Public Policy Polling found that Alaska voters would pick former Secretary of State Hillary Clinton over the state´s former Republican governor, Sarah Palin, if the two women were to face off in the 2016 presidential election. Clinton led with 49 percent in the hypothetical match-up, with Palin at 40 percent, a nine-point gap. As of July 3, Republicans comprised 27 percent of the state´s registered voters and Democrats made up just 14 percent. The last time Alaskans opted for the Democrats´ presidential candidate was in 1964. Clinton trails five other hypothetical GOP candidates –
Over the last week, there has been a lot of buzz about a supposed CIA angle to the Benghazi story. Specifically, it has been alleged that a substantial number of CIA employees were on the ground in Benghazi, carrying out a mission that involved rounding up Libyan weapons and transferring them to rebels in Syria. Further, it has been reported that the CIA has leaned on its employees not to cooperate with Congressional investigations or the media, and it has been suggested that the CIA’s role in Benghazi may be related to the al Qaeda
Speaking from Egypt Tuesday night, where they are hoping to broker a peaceful transition period between the country’s ouster of former President Mohamed Morsi to its next phase of nascent democracy, Senators John McCain and Lindsey Graham warned that concessions on both sides needed to begin immediately or Egypt’s government would “fail.” “I didn’t know it was this bad,” Graham said. “These folks are just days, weeks away from all out bloodshed.” “There is only one way that we can bring about a peaceful Egypt, and that is a process of negotiation and reconciliation between major players,” McCain said.