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Will Only Suckers Buy ObamaCare Insurance?
Investor´s Business Daily, by John Merline
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Original Article
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Posted By:RustMB, 2/20/2013 8:16:01 AM
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| 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.
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Reply 1 - Posted by:
GreatGreyhounds, 2/20/2013 8:26:19 AM (No. 9186357)
And wait until those young and healthy, working at low paying jobs, find that their employer would rather pay the fine, than provide health insurance!
Talk about sticker shock!
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Reply 2 - Posted by:
civilservant, 2/20/2013 8:28:36 AM (No. 9186363)
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.
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Reply 3 - Posted by:
Jethro bo, 2/20/2013 8:33:24 AM (No. 9186371)
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.
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Reply 4 - Posted by:
Nimby, 2/20/2013 8:35:06 AM (No. 9186373)
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".
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Reply 5 - Posted by:
MattMusson, 2/20/2013 8:47:02 AM (No. 9186400)
I work as a longterm temporary employee. I can read the handwriting on the wall. My pay will be reduced by $2000 so the Temp Agency can pay the government.
I get to pay $2000 because my Agency won´t provide coverage. (Plus the personal penalty.)
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Reply 6 - Posted by:
Haskell, 2/20/2013 8:56:55 AM (No. 9186427)
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.
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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.
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Reply 8 - Posted by:
Scribelus, 2/20/2013 9:03:16 AM (No. 9186447)
I´d hate to have to live on the difference between a sucker and a Democrat.
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Reply 9 - Posted by:
Quigley, 2/20/2013 9:06:44 AM (No. 9186451)
Even IBD refers to the tax as a penalty.
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!
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Reply 10 - Posted by:
reilly, 2/20/2013 9:40:23 AM (No. 9186527)
Black market here we come. ("Hey Doc, here´s a thou. I´d rather pay you than some bureaucrat.")
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Reply 11 - Posted by:
geoguy, 2/20/2013 9:46:14 AM (No. 9186536)
Poster #10 you´re right. Now we´re going to have back-ally appendectomies, but free abortions. Hahahaha.
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Reply 12 - Posted by:
yourblueroom, 2/20/2013 10:14:42 AM (No. 9186616)
you got it right #10. we´re hoarding cash in case one of our kids (or us) gets really sick. methinks docs will take cash before Obummercare.
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Reply 13 - Posted by:
bighambone, 2/20/2013 11:25:24 AM (No. 9186760)
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.
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Below, you will find ...
Most Recent Articles posted by "RustMB"
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Most Active Articles (last 48 hours)
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Most Recent Articles posted by "RustMB"
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Disability Ranks Continue to Surge Under Obama
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 4/5/2013 11:22:24 AM
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Almost as many people signed up with the federal government´s permanent worker disability program as got jobs in March, according to two sets of government data, continuing a troubling trend throughout the Obama recovery. Last month, 81,804 workers left the workforce to join the Social Security Disability Insurance program. So far this year, nearly a quarter million workers have joined the program. Over the past four years, 4 million left the workforce to go on disability.
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A Slick Marketing Campaign Won´t Save ObamaCare
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Investor´s Business Daily, by Editorial
Original Article
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Posted By: RustMB- 4/4/2013 9:22:03 AM
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Uninsured: The White House recently released details about how it plans to market ObamaCare to the uninsured. What it reveals is that most of them don´t want what the administration is trying to force them to buy. In a series of slides posted on the Health and Human Services´ website, the administration explains how it plans to market ObamaCare to the uninsured. Let´s leave aside for a minute the oddity of this effort. Its backers have endlessly touted ObamaCare as a miracle of modern government that will at long last bring insurance within reach of 48 million people
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Americans Are Migrating To More Free Republican States
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 3/28/2013 8:28:19 AM
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Americans are migrating from less-free liberal states to more-free conservative states, where they are doing better economically, according to a new study published Thursday by the George Washington University´s Mercatus Center. The "Freedom in the 50 States" study measured economic and personal freedom using a wide range of criteria, including tax rates, government spending and debt, regulatory burdens, and state laws covering land use, union organizing, gun control, education choice and more.
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ObamaCare Turns Three: 10 Disturbing Facts Americans Have Learned
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 3/22/2013 7:52:08 AM
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Just over three years ago, then-Speaker Nancy Pelosi famously quipped about ObamaCare that "we have to pass the bill so you can find out what is in it." But only now, as ObamaCare´s third anniversary approaches — President Obama signed it into law on March 23, 2010 — is the country starting to find out what the sweeping health care overhaul will actually do. ObamaCare backers typically tout popular features that went into effect almost immediately. The law expanded Medicare´s drug coverage, for example, and let children stay on their parents´ plans until they turned 26. But the bulk
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Food Stamp Nation: R.I. Town Shows Leftism´s Dead End
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Investor´s Business Daily, by Editorial
Original Article
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Posted By: RustMB- 3/21/2013 8:14:07 AM
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Food Stamp Nation: A little town in Rhode Island shows where liberalism and all its talk of economic "security" ultimately leads — a stale economy and suffocating dependence on big government. In a surprisingly candid and lengthy expose, the Washington Post described how Woonsocket, an economically depressed town in Rhode Island, has been turned upside down by food stamps. With a third of the town enrolled, food stamps have created a huge boom-and-bust economy in Woonsocket
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Democrats Use Budget Gimmicks To Hide Spending
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 3/15/2013 8:33:32 AM
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In their first budget in four years, Senate Democrats claim to have crafted a plan that cuts federal spending a total of $975 billion over the next decade. "This budget cuts spending responsibly," said Senate Budget Chairman Patty Murray, D-Wash., this week. "There are no sacred cows; we put everything we can on the table." But an IBD review of the budget data shows that the Senate vastly overstates the size of its spending cuts. In fact, it could be that the Senate would, if enacted, increase federal spending by hundreds of billions of dollars.
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Obama´s Sequester Math: $300 Billion In New Revenues Called ´Spending Cuts´
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 3/1/2013 7:16:20 AM
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Budget: When President Obama put out his "balanced" plan to avoid the automatic sequester cuts, no one noticed. Which is probably just as well for Obama, given how embarrassingly unbalanced it is. [snip] Last week, New York Times columnist David Brooks wrote about how Obama "hasn´t actually come up with a proposal to avert sequestration, let alone one that is politically plausible." Turns out, Obama did have one, although Brooks can be excused for not knowing it, since the administration hasn´t exactly been promoting this so-called plan.
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5 Reasons ObamaCare Will Add Far More To Deficits
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 2/27/2013 7:07:04 AM
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On Tuesday, Sen. Jeff Sessions touted a government report that blew a $6.2 trillion hole in President Obama´s promise that his signature health reform wouldn´t add a dime to the deficit. According to the report by the Government Accountability Office, that promise rested entirely on several cost-control mechanisms in ObamaCare that almost no one thinks will work. [snip] Still, bad as this $6.2 trillion deficit boost is, the real figure is likely to be much higher, since the GAO is still being far too optimistic about the rest of ObamaCare. Here are five big assumptions the GAO makes...
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Debunking The Myth That Sequester Cuts Will Cause Flight Delay
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 2/26/2013 8:32:03 AM
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Sequester: If you want to know how misleading the Obama administration is being about the effects of the sequester, look no further than Transportation Secretary Ray LaHood´s dark warnings about flight delays. LaHood showed up at the daily White House press briefing Friday to claim the sequester — automatic spending cuts President Obama insisted on that are now scheduled to take effect in March — will "be very painful for the flying public." [snip] But LaHood, taking his cues from Obama, is needlessly trying to panic the public.
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Will Only Suckers Buy ObamaCare Insurance?
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 2/20/2013 8:16:01 AM
Post Reply
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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.
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Obama Vastly Exaggerates The Impact of Sequester Cuts
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 2/12/2013 10:13:09 AM
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Sequester: In his State of the Union speech, President Obama is sure to issue dire warnings about the automatic spending cuts resulting from the "sequester." But look closer, and the cuts are far less than meet the eye. As the March deadline for the sequester draws closer, Obama´s rhetoric about the cuts it will impose grows more overheated. In his radio address over the weekend, he said they would be "a huge blow to middle-class families and our economy as a whole."
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Krugman: Death Panels and Middle-Class Tax Hikes Ahead
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Investor´s Business Daily, by Editorial
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Posted By: RustMB- 2/8/2013 7:56:01 AM
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Big Government: We almost never agree with President Obama´s favorite economist Paul Krugman, but he recently spoke the truth about where Obama´s policies are taking the country. It should scare anyone with a pulse. Krugman, after speaking at the Sixth & I Historic Synagogue in Washington, D.C., was asked about the debt crisis. After arguing it´s no big deal in the near term, Krugman admitted that "Eventually we do have a problem. The population is getting older, health care costs are rising ... . Something is going to have to give." What´s that something?
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´My bangs are getting a little irritating´: Michelle Obama admits she already regrets her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
Original Article
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Posted By: pineledger- 4/7/2013 7:43:42 AM
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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Why Obama´s ´Best-Looking Attorney General´ Comment Was a Gaffe
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The Atlantic, by Garance Franke-Ruta
Original Article
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Posted By: Oblio- 4/6/2013 6:51:15 AM
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President Obama´s biggest gaffe yesterday when speaking of California Attorney General Kamala Harris was not in flirtatiously complimenting her as "the best-looking attorney general," but in introducing an observation from the system of beauty into a forum that was about the system of power.What´s that, you say? Irin Carmon does a great job in Salon in laying out the bounds of propriety for when it´s appropriate to talk about a woman´s looks as a general matter. But I´ve long felt we lack a solid theoretical underpinning for easily discussing these issues, and why precisely it is that
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McCain: ´I don´t understand´ GOP filibuster on guns
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Politico, by Jennifer Epstein
Original Article
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Posted By: JoniTx- 4/7/2013 12:18:14 PM
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Sen. John McCain says he doesn´t understand the threats from some of his Republican colleagues to filibuster a bill on background checks to buy guns. "I don´t understand it," the Arizona Republican said on Sunday of the threat coming from Sen. Rand Paul,Sen. Ted Cruz, Sen. Mike Lee and nine other Republicans. "The purpose of the United States Senate is to debate and to vote and to let the people know where we stand.” "What are we afraid of? ... If this issue is as important as we all think it is, why not take ... it up and debate?"
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Mother Of Slain Benghazi Officer To Sean Hannity: ‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Hillary Clinton Would Not ´Clear the Field´ for 2016
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New Republic, by Tod Lindberg
Original Article
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Posted By: StormCnter- 4/6/2013 5:22:36 AM
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No one is more preoccupied these days with Hillary Clinton´s 2016 plans than the Beltway political class—not even the former presidential candidate herself. To hear some tell it, her decision will be dispositive for all other Democrats thinking of entering the race. And pundits and reporters aren´t the only ones positing the "The Hillary Factor": No less than the House Democratic whip, Steny Hoyer, told BuzzFeed, “I don´t know that anybody would run against Hillary…. If she runs, she clears the field.” It´s an understandable conclusion, given Clinton´s stature in the Democratic Party and her 70 percent
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Obama critic apologizes for his ´poorly chosen words´ on gay marriage
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The Hill [Washington DC], by Alexandra Jaffe
Original Article
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Posted By: JoniTx- 4/6/2013 12:18:19 PM
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Neurosurgeon Ben Carson, considered by some to be a potential Republican contender for president, apologized to Johns Hopkins University for the "poorly chosen words" he used in expressing his opposition to gay marriage last month.“I am sorry for any embarrassment this has caused,” Carson said in the letter, reported in New York Magazine.(Snip) "Although I do believe marriage is between a man and a woman, there are much less offensive ways to make that point. I hope all will look at a lifetime of service over some poorly chosen words.” Carson will remain as commencement speaker at Johns Hopkins,
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Vanishing workforce weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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The Secrets of Princeton
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New York Times, by Ross Douthat
Original Article
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Posted By: Oblio- 4/7/2013 8:08:09 AM
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Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
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Broadcasters worry about ´Zero TV´ homes
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Associated Press, by Ryan Nakashima
Original Article
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Posted By: Ribicon- 4/7/2013 2:43:40 PM
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Los Angeles — Some people have had it with TV. They´ve had enough of the 100-plus channel universe. They don´t like timing their lives around network show schedules. They´re tired of $100-plus monthly bills. A growing number of them have stopped paying for cable and satellite TV service, and don´t even use an antenna to get free signals over the air. (Snip) Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from
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Christians, here´s why we´re losing our religion
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Fox News, by Craig Groeschel
Original Article
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Posted By: STLstudent- 4/7/2013 5:13:55 PM
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Recent research indicates that the number of people who do not consider themselves a part of an organized religion is steadily on the rise. Interestingly enough, though the number of those religiously unaffiliated is increasing, there is little to no trend in the number of those who express atheist or agnostic beliefs. People aren’t saying they don’t believe in God. They’re saying they don’t believe in religion. They are not rejecting Christ. They are rejecting the church. This begs the question, “Why are we losing our religion?”
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Beyonce, Jay-Z celebrate 5th anniversary in Havana, Cuba
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Los Angeles Times, by Nardine Saad
Original Article
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Posted By: Fiesta del sol- 4/6/2013 8:20:04 AM
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Beyonce and Jay-Z celebrated their fifth wedding anniversary in Cuba this week. The couple, who married on April 4, 2008, took in the sights of Old Havana, visited a school, dined on a rooftop terrace and strolled the fan-filled streets in their island best.(snip).The power couple declined to answer journalists´ questions about their visit to the island nation, but some outlets are reporting that the moguls are there as tourists, though that would be illegal because of the half-century embargo the U.S. has on the Communist country. However, the Miami Herald said Washington has issued special licenses for
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