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Thread: Obamacare blow back

  1. #1
    God/dess Deogol's Avatar
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    Default Obamacare blow back

    Insurers stop writing individual child insurance policies.

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    Default Re: Obamacare blow back

    ^^^ you mean that someone finally figured out that you can't offer health insurance benefits to very high potential cost high risk people ( i.e. people with known pre-existing medical conditions ) without collecting more money from 'healthy' insured people to pay for those benefits ?

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    Default Re: Obamacare blow back

    ^^ That is what insurance is. Insurers need to assure that their member contracts are for at least a year at a time, so people can't cherry pick the months they want to cover.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: Obamacare blow back

    yes, but the larger question with health insurance involves cross-subsidization. When the law allows a person with major health problems to sign up for insurance coverage on the way to the hospital, statistically speaking that person represents a highly expensive insurance payout that involves hundreds of times more money than the person's single insurance premium paid. By definition, the ability to sign up for insurance benefit coverage immediately before you need to use it, and the resulting ability to 'fly' without making insurance premium payments while you are healthy, is NOT insurance !!!

    Real insurance involves two basic principles. The first is being required to pay health insurance premiums while you are healthy in order to ( partially ) amortize the insurance payout costs when you do experience expensive health problems. This is only 'enforceable' if limitations are placed on the ability to sign up for insurance coverage on the way to the hospital.

    The second, much like auto insurance or homeowner's insurance, is to 'scale' insurance premiums such that they are proportional to the probable risk / size of insurance claims. Thus like teenage male drivers, or homes located in a high crime inner city neighborhood, people with pre-existing medical conditions should be charged a far higher health insurance premium.

    In these regards, ObamaCare is NOT health insurance, but instead it represents a de-facto new social welfare benefit.

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    Default Re: Obamacare blow back

    ^^YES and that is what I am saying. Insurance contracts must be for a year at a time, whenever they may start. And that is one reason for mandatory insurance, so that people have to carry it continuously, and hopefully they won't all be sick when they start coverage. but those who don't have insurance now and are now or get sick before, and then hope insurance then will fix them up, the time their mandatory coverage begins will foil the system. that's why coverage should begin very shortly. But of course likely it won't.
    In these regards, ObamaCare is NOT health insurance, but instead it represents a de-facto new social welfare benefit.
    Insurance has never been that selective about demographics as is auto insurance, mostly about pre-existing health conditions and smoking etc. and there are reasons for and against that. Right now if for example some ghetto shooting victim has no coverage, the hospital has to pay for it. Isn't this new system better than that overall? Under the radar people, like many strippers, who may have avoided signing up for that coverage, will foil the system. Also where did you get this "sign up for insurance coverage on the way to the hospital" idea, right out of the right-winger's chorus book? Current 'law' or new 'law'? Maybe under the radar people, and that's a weak point. Isn't there a deadline by which people have to have coverage? to me the critical issues are how soon it needs to begin and how universal the coverage.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: Obamacare blow back

    ^^^ actually there isn't a deadline by which Americans 'have to have coverage'. However, there IS a deadline by which Americans will start having to pay an additional 'tax' if they do not have coverage. This leads directly to my 'signing up for coverage on the way to the hospital' observation ... i.e. that healthy Americans who are faced with the choice of paying a $1000 a year 'tax' versus a $5,000 a year health insurance premium are extremely likely to try and save $4000 a year by choosing the former. Then at the point where they develop health problems, and unrestrained by 'pre-existing' condition limitations, they will be allowed to sign up and pay the $5,000.

    After the health insurer pays out perhaps $25,000 in insured health care costs ( versus collecting $5,000 in premium payments ), the insured American can cancel their $5,000 per year insurance coverage and return to paying the $1,000 a year 'tax' instead. Repeat as needed ! But ultimately, several years worth of $1,000 a year 'tax' payments plus one year of $5,000 health insurance premium payment does NOT equal the $25,000 in insured health care costs that were actually paid out !!!!! The ~$15,000 shortfall is going to have to be made up for somehow !!!!! Private health insurance companies can't cover these sort of excess payouts without winding up in bankruptcy.

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    Default Re: Obamacare blow back

    Once again, the effectiveness of any law is in the details, not the concept under which it was instituted. Agreed that the penalty is too low. It ought to be about equivalent to purchasing the contract in the first place.

    (That 'moral...' phrase is what you would use here, which has nothing to do with morals. But maybe closer to the word's usage in 'moral of the story'....)
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: Obamacare blow back

    I can only imagine the outrage when this comes to be and all those people without insurance will be hit with $1,000 tax bill (on top of what has been taken out of their paychecks.)

    As "tax nazi" will say "No refund for you!"

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    Default Re: Obamacare blow back

    A person without medical insurance is a devastating and extremely costly disease or accident waiting to happen. The majority of bankruptcies over the years to individuals is caused by medical, medicine and hospital bills they cannot pay because they were uninsured. When this happens, they have no choice but to turn to Medicaid or DIE. And then we all pay for those healthcare bills because they didn't pay for their own insurance. So there is a reason for this.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

  10. #10
    God/dess Deogol's Avatar
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    Default Re: Obamacare blow back

    Quote Originally Posted by threlayer View Post
    A person without medical insurance is a devastating and extremely costly disease or accident waiting to happen. The majority of bankruptcies over the years to individuals is caused by medical, medicine and hospital bills they cannot pay because they were uninsured. When this happens, they have no choice but to turn to Medicaid or DIE. And then we all pay for those healthcare bills because they didn't pay for their own insurance. So there is a reason for this.
    I agree.

    We are not getting the services we are paying for with taxes.

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