Obamacare, Gov't Insurance Exchanges, & The Coming Price Explosion Exposed
One of the attributes of the Patient Protection and Reasonably priced Care Act, the well being-care reform bill colloquially known as Obamacare, is the creation of insurance exchanges that will supply heavily subsidized policies and coverage for folks who can not get insurance through their employers. In projecting the program's expenses, the Congressional Spending budget Office figures that about 7 percent of the workforce presently covered by employer-provided insurance will drop those policies and sign up for the subsidized insurance. That estimate – and hence, the expense structure of the plan – has been challenged by sources such as McKinsey & Firm, the consulting firm, which reckons a far greater percentage of workers will opt out of their present job-based plans. In a survey of employers released in June, McKinsey found that 30 percent will "definitely or possibly" drop their coverage as Obamacare kicks into high gear in 2014. Among "employers with a high awareness of reform, this proportion rises to more than 50 percent," says the report. Why? It will be cheaper to pay fines than to provide coverage. If those estimates are accurate, the cost savings ObamaCare supporters tout are a pipe dream. Glenn Morton, the author of the new book Passing Obamacare, has worked for nearly two decades in the well being-insurance organization, most recently as a broker who assists employers discover better deals among providers. In a discussion with Reason's Nick Gillespie, Morton adds yet another dilemma with recently … Video Rating: four / five
@cesar333 all I can really say is that hopefully the next generation of doctors/nurses/healthcare professionals are just not greedy Wishful thinking.
@cesar333 agreed. It seems to me though like having a policy nowadays mean you are agreeing to a set of terms where if you are hospitalized, you are still going to be out money. Better to go without health insurance perhaps? Then again from a single standpoint, is paying a high cost worth extending your life. If the government and those in healthcare have looked beyond a persons skills and just seem them as individual ATMs then are we screwed as a nation.
@shaithis80 Theres big money in healthcare, You would think we have options but we dont. There is no such thing as free market when big money is involved.
@weldean46 speaking of people that will not pay, once argument to make is that due to the influx of poor illegals into this country which took advantage of services and could not pay, that might have been part of the issue as far as pushing healthcare rates up. I still think the other part of the problem is blatant overcharging and price gouging instead of repricing according to one’s income. In other words the more you make the more you pay. Slidng scale based on income anyone?
@cesar333 probably a good thing to do would be to get govt out of the market and let the system crash and rebuild itself. It might mean that Hopsitals/MDs/etc etc go broke and/or out of business without any state/federal support because they have chosen to continue to pay high salaries and charge outrageous fees. Then newcomes step in and offere superiour treatment for less. Either that or move towards universal which we should have since we pay into it in the form of Social Security&Medicare.
@cesar333 it seems healthcare is now class warfare well the poor don’t have access to the best medical care available. So we work for minimum wage or barely are able to meet our living expenses and die. Sounds like a greedy for profit system and eventually that catches up and people have nothing to lose but revolt or have the IQ to do some real research and vote in far left Green part candidates and evict Republicans and Democrats. I know I’m dreaming:)
@cesar333 another reason to live broke if you know you will develop a seroius condition down the road. Look at Steve Jobs, he developed pancreatic cancer and seemed to be healthy right? The new normal would be don’t have much in the way of assets that anyone can take. It’s become a sick fucking game ever since government got involved in the system and the prices are now out of scope with the public market and insurance is soooo watered down. I’ll let my body self correct and die accordingly.
@duanescot your just another sheep in the healthcare system. You sound like a healthy young stud that probably hasnt seen a doctor in years, but there are people who are getting the news today that they have cancer which will financially ruin them. Healthcare isnt an option, its a necessity. Is it fare for someone to to make a profit off of my cancer treatment? Is that treatment work over 250K? You need to wake up my friend. The world is bigger then you know.
The fact is that for profit healthcare does not work anymore.
this plan is BS, i all ready have been paying my own medical bills on my own with out the help of any one, and now my medical plan has gone up 35% since this has been put into law, i guess this is to pay for people or can not or will not pay.
STEPH: OMB data backs up what I said about SS insolvencies in the 70s & 80s (as well as the cases Nestor v. Flemming (1960) & Helvering v Davis (1937). You have no intellectual property rights pertaining to SS. There’s a benefit cut coming in 2036 (read the Trustees’ Reports). The Const. decides what is Constitutional and what is not. Under the enumerated powers (Article I Section VIII), where do you find Social Security? Try to come up with something that’s not generalized. You refuted nothing
the reason Obama way doesn’t work is we don’t have a food replicators.
DON’T call it Obamacare. I disagree with it also, but to name it after the President is not using the name “colloquially”, but is to attach your disdain for the President. Let’s not be so petty. If you disagree with the plan , don’t use Mr. Obama’s name derisively, just express your opinion without meanness.
@UTubekookdetector
NO, try again pitiful biased guy. You said it was unconstitutional: it is NOT. Period. Who are you to decide what’s constitutional or not? Facts are facts you can’t twist them even if you don’t like them. You can’t choose the decision of Supreme Court that arrange and suit you… funny as it’s easy to rebut you, you do it yourself!!
STEPH: Your rebuttal would require me to agree with the judge who says 2+2=4 & the judge who says 2+2=5. Would you agree with the Kelo decision that said the govt can take property for “public purpose” instead oif “public use” as the Const says? You’re right though, the SCOTUS has ruled that you have “no intellectual property rights” under SS, so if the govt says the $ is gone & we can’t pay for it, you’ll be up a creek without a paddle. Where in the Const is SS sanctioned? Try again
@UTubekookdetector
That’s a LIE: it is constitutional. It has been massively repeated by many justice courts and of course the Supreme on. Maybe you are not familiar with the 16th Amendment (among many others law texts)… or you are the kind of Americans who only defend the amendments which suits them? Biased…
In politics, some American people are becoming more&more crazy ideological guy, totally fundamentalists and forget that many things were and should be based on pragmatism.