Obamacare overcharged healthy & young people that needed insurance to help fund the cost of insurance for sick people

[Care4all]

Obamacare has wrecked the health care of Americans because it is masked socialism.
It gave coverage to some by raising costs on most other people.

Duh!

That is how ALL INSURANCE WORKS....no matter the kind....auto, health, life, cancer...all insurance....it's their insurance business model.

Those NOT utilizing the insurance while paying premiums, pay in part for those who do utilize the insurance....

Thus the more people in an insurance group and especially those good drivers, or the healthy young, the less costly for the group insurance price...as example...also employer provided group policies....

 

[Lisa558]

When 100 million won't or can't work. See the black ghetto, those jailed, 600lbs, illegals, single mothers.. DEMS demand full free care for any and all.

Pull back some of that free care, and watch them freeloaders get jobs. With millions of illegals being deported, there are plenty of openings.

 

[DGS49]

If you say to the insurance companies, You must cover those people with expensive pre-existing conditions (without limitation), and include them in your rate calculations with everybody else, AND, so that you won't be harmed, we will put no constraints on the premiums you charge...

OF COURSE rates are going to skyrocket! This is why O'Bama's absurd claims about saving money were blatant lies from the moment he uttered them.

The SOLUTION that nobody wants to talk about is giving the insurance companies the right to reject expensive clients and put limitations on coverage (which is how Insurance works), AND provide a funded-government backstop for coverage for those unfortunates with the expensive conditions. The bottom line is still the same, but the GenPop is not burdened with extraordinary rates. The excess is paid by their (our) tax dollars.

Republicans have not proposed this overtly because it would be unconstitutional, but that train left the station a long time ago.

The ACA "subsidies" were critical to the Democrats' blocking the budget because those subsidies CONCEAL THE TOTAL FAILURE OF ACA TO CONTROL PREMIUMS, which is what they promised. The Dems wanted the subsidies to last until November 2026.....for obvious reasons.

 

[Lisa558]

Duh!

That is how ALL INSURANCE WORKS....no matter the kind....auto, health, life, cancer...all insurance....it's their insurance business model.

Those NOT utilizing the insurance while paying premiums, pay in part for those who do utilize the insurance....

Thus the more people in an insurance group and especially those good drivers, or the healthy young, the less costly for the group insurance price...as example...also employer provided group policies....

Yes, but Obama took unconstitutional steps to get young people to join.

Also, why didn’t he require that the 2 million federal workers go on Obamacare, if it was so great? They could keep their plan, and keep their doctor!

 

[hadit]

Back in the day, healthcare insurance was one of the benefits paid by employers along with life insurance equivalent to your salary.

When did that change and why?

Obamadon'tcare created a health insurance alternative that didn't require an employer, so many employers, especially small ones, dumped their employees into the exchange to save money.

 

[Lisa558]

If you say to the insurance companies, You must cover those people with expensive pre-existing conditions (without limitation), and include them in your rate calculations with everybody else, AND, so that you won't be harmed, we will put no constraints on the premiums you charge...

OF COURSE rates are going to skyrocket! This is why O'Bama's absurd claims about saving money were blatant lies from the moment he uttered them.

The SOLUTION that nobody wants to talk about is giving the insurance companies the right to reject expensive clients and put limitations on coverage (which is how Insurance works), AND provide a funded-government backstop for coverage for those unfortunates with the expensive conditions. The bottom line is still the same, but the GenPop is not burdened with extraordinary rates. The excess is paid by their (our) tax dollars.

Republicans have not proposed this overtly because it would be unconstitutional, but that train left the station a long time ago.

The ACA "subsidies" were critical to the Democrats' blocking the budget because those subsidies CONCEAL THE TOTAL FAILURE OF ACA TO CONTROL PREMIUMS, which is what they promised. The Dems wanted the subsidies to last until November 2026.....for obvious reasons.

It is indeed very obvious. How did Americans become so stupid?

 

[hadit]

If you say to the insurance companies, You must cover those people with expensive pre-existing conditions (without limitation), and include them in your rate calculations with everybody else, AND, so that you won't be harmed, we will put no constraints on the premiums you charge...

OF COURSE rates are going to skyrocket! This is why O'Bama's absurd claims about saving money were blatant lies from the moment he uttered them.

The SOLUTION that nobody wants to talk about is giving the insurance companies the right to reject expensive clients and put limitations on coverage (which is how Insurance works), AND provide a funded-government backstop for coverage for those unfortunates with the expensive conditions. The bottom line is still the same, but the GenPop is not burdened with extraordinary rates. The excess is paid by their (our) tax dollars.

Republicans have not proposed this overtly because it would be unconstitutional, but that train left the station a long time ago.

The ACA "subsidies" were critical to the Democrats' blocking the budget because those subsidies CONCEAL THE TOTAL FAILURE OF ACA TO CONTROL PREMIUMS, which is what they promised. The Dems wanted the subsidies to last until November 2026.....for obvious reasons.

That is the correct motorcycle. Obamadon'tcare set that up, then democrats came back in when it became obvious that it was too expensive and pumped money into the system, trying to keep it afloat. Now, everyone with two functioning brain cells knows exactly what's going to happen when they do that, right? All of a sudden, the insurance companies are free to jack their prices up faster than their costs increased. We saw it happen with tuition when the government started guaranteeing student loans.

 

[Marener]

If you say to the insurance companies, You must cover those people with expensive pre-existing conditions (without limitation), and include them in your rate calculations with everybody else, AND, so that you won't be harmed, we will put no constraints on the premiums you charge...

OF COURSE rates are going to skyrocket! This is why O'Bama's absurd claims about saving money were blatant lies from the moment he uttered them.

The SOLUTION that nobody wants to talk about is giving the insurance companies the right to reject expensive clients and put limitations on coverage (which is how Insurance works), AND provide a funded-government backstop for coverage for those unfortunates with the expensive conditions. The bottom line is still the same, but the GenPop is not burdened with extraordinary rates. The excess is paid by their (our) tax dollars.

Republicans have not proposed this overtly because it would be unconstitutional, but that train left the station a long time ago.

The ACA "subsidies" were critical to the Democrats' blocking the budget because those subsidies CONCEAL THE TOTAL FAILURE OF ACA TO CONTROL PREMIUMS, which is what they promised. The Dems wanted the subsidies to last until November 2026.....for obvious reasons.

When people pretend there’s an easy solution that just hasn’t been utilized, it’s because they just really don’t know what they’re talking about.

For one, the ACA mandated a minimum medical loss ratio, so insurance companies can’t charge whatever they want, they have to pay out at least 80% of premiums in medical services for their subscribers.

Second, your concept of some kind of government backstop is also extremely vague but has a ton of problems. What you’re probably lot saying is that insurance companies only have to cover healthy people and then once they get sick, dump them into government programs. If you wanted to make a huge payday for insurance companies and cost the government a ton of money, that’s exactly what you’d do.

 

[Thinker101]

It is indeed very obvious. How did Americans become so stupid?

By buying the BS.

 

[Winston]

Now this makes no sense.

We have more COVERED medical options, and insurance has driven the price UP for them. The medical options for things not covered were kept affordable.

Right, insurance has driven the cost of procedures up. I mean it really is pretty simple. For profit health insurance on the ACA require a loss ratio of at least 60%. WTF. Think about it. Insurance pays out $600,000 in claims, but that means they can collect one million dollars in premiums. The beneficiaries get precisely sixty cents on the dollar for their premiums. The insurance company gets forty cents out of every dollar in premium. That is outrageous.

Hell, Medicare Advantage plans are required to have an 85% loss ratio. Instead of trying to eliminate the ACA why not make the loss ratio requirement higher? But then again, that whole MLR, Medical Loss Reserve, is a completely fabricated number. Included as a medical expenses in the calculation, the loss reserves of the company. Money set aside to pay future claims not yet incurred, yet they can write that money off just like an expense. Let's put numbers to it.

Insurance company collects your one thousand a month premium. They spend four hundred dollars on claims for you and other beneficiaries of your plan. They spend two hundred dollars on salaries, office space, computers, and of course, those nice annual meetings at the country club for the executives. The other four hundred dollars, well two hundred goes to the shareholders of the company and two hundred goes to the loss reserves. They are legit, 60% MLR.

Think about it. Two hundred from you every month. Two hundred from millions of people every month. Two hundred dollars in the loss reserves. Two hundred dollars invested in real estate, stocks, bonds, hell, even artwork. Two hundred dollars in assets that are listed as a liability on the balance sheet. Insurance is the ONLY business in the world that gets that kind of break.

Who do you think owns that mall where you go shopping? An insurance company, part of their loss reserves. Who owns that office building downtown? An insurance company, part of their loss reserves. We are not talking billions, we are talking TRILLIONS of dollars, untaxed, earning income, also untaxed.

In the above example, which is really quite generous to the insurance companies, clearly indicates that you are not getting sixty cents on the dollar for your premium payments. You are getting forty cents on the dollar and the insurance company is getting twenty cents of every dollar, tax free, and investing it to glean even more money out of the system. It is time this shitshow stopped.

 

[g5000]

Obamacare overcharged healthy & young people that needed insurance to help fund the cost of insurance for sick people​

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Everyone knew that going in. This is not news.

So when are we going to see the Republicans' replacement plan they promised?

We've been waiting FIFTEEN YEARS while costs keep going up!

When are we going to see Trump's replacement plan he promised?

We've been waiting NINE YEARS while costs keep going up!
.

 

[Marener]

Instead of trying to eliminate the ACA why not make the loss ratio requirement higher?

MLR requirements is 80-85% in the ACA.

Medical Loss Ratio | CMS

Many insurance companies spend a substantial portion of consumers’ premium dollars on administrative costs and profits, including executive salaries, overhead, and marketing.

www.cms.gov

 

[g5000]

When 100 million won't or can't work.

You started your post with a lie of omission and went downhill from there.

Try to be better.

 

[leftwinger]

Right, insurance has driven the cost of procedures up. I mean it really is pretty simple. For profit health insurance on the ACA require a loss ratio of at least 60%. WTF. Think about it. Insurance pays out $600,000 in claims, but that means they can collect one million dollars in premiums. The beneficiaries get precisely sixty cents on the dollar for their premiums. The insurance company gets forty cents out of every dollar in premium. That is outrageous.

Hell, Medicare Advantage plans are required to have an 85% loss ratio. Instead of trying to eliminate the ACA why not make the loss ratio requirement higher? But then again, that whole MLR, Medical Loss Reserve, is a completely fabricated number. Included as a medical expenses in the calculation, the loss reserves of the company. Money set aside to pay future claims not yet incurred, yet they can write that money off just like an expense. Let's put numbers to it.

Insurance company collects your one thousand a month premium. They spend four hundred dollars on claims for you and other beneficiaries of your plan. They spend two hundred dollars on salaries, office space, computers, and of course, those nice annual meetings at the country club for the executives. The other four hundred dollars, well two hundred goes to the shareholders of the company and two hundred goes to the loss reserves. They are legit, 60% MLR.

Think about it. Two hundred from you every month. Two hundred from millions of people every month. Two hundred dollars in the loss reserves. Two hundred dollars invested in real estate, stocks, bonds, hell, even artwork. Two hundred dollars in assets that are listed as a liability on the balance sheet. Insurance is the ONLY business in the world that gets that kind of break.

Who do you think owns that mall where you go shopping? An insurance company, part of their loss reserves. Who owns that office building downtown? An insurance company, part of their loss reserves. We are not talking billions, we are talking TRILLIONS of dollars, untaxed, earning income, also untaxed.

In the above example, which is really quite generous to the insurance companies, clearly indicates that you are not getting sixty cents on the dollar for your premium payments. You are getting forty cents on the dollar and the insurance company is getting twenty cents of every dollar, tax free, and investing it to glean even more money out of the system. It is time this shitshow stopped.

Whats the answer (to fix it all once and for all) since your kkklan demand free care to anyone on USA soil including sex changes to illegal home O or prisoners who decide I want to be a woman.

 

[leftwinger]

You started your post with a lie and went downhill from there.

Try to be better.

No jobs in ghetto. Mo stores, not much. No car to get to jobs. No license insurance registration. 1/2 with long record. 1/4 )locked up. Face reality. It is not getting better only worse.

I have posted many good ideas to help the situation ,(as has Trump). You rotten big GOVT stooges scoffed. Pound off lil' man.

 

[g5000]

View attachment 1183421

By buying the BS.

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People who mock Pelosi's statement are demonstrating their ignorance.

Every large bill that passes, including Trump's BBB, ends up having unforeseen outcomes which do not manifest until after the bill is enacted.

That's what Pelosi meant, and anyone who is not an idiot or a partisan hack understands that about almost all legislation.

I guess you are one or both of the two.

.

 

[Winston]

MLR requirements is 80-85% in the ACA.

Medical Loss Ratio | CMS

Many insurance companies spend a substantial portion of consumers’ premium dollars on administrative costs and profits, including executive salaries, overhead, and marketing.

www.cms.gov

And the money set aside as loss reserves is part of the numerator, it is horseshit.

 

[g5000]

No jobs in ghetto. Mo stores, not much. No car to get to jobs. No license insurance registration. 1/2 with long record. 1/4 )locked up. Face reality. It is not getting better only worse.

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You did not back up your 100 million claim with evidence. It was a big lie of omission.

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You rotten big GOVT stooges scoffed. Pound off lil' man.

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As my hero Ronald Reagan was fond of saying, "There you go again". Lying out of your ass.

Try to be better.

.

 

[g5000]

Whats the answer (to fix it all once and for all) since your kkklan demand free care to anyone on USA soil including sex changes to illegal home O or prisoners who decide I want to be a woman.

I ask again.

Where is the Republican replacement for Obamcare they promised FIFTEEN YEARS AGO!?!

Where is Trump's replacement for Obamacare he promised NINE YEARS AGO?!?

Any fuckwit can whine about Obamacare. And that is exactly what your non-leaders want you to do. To stay distracted from their malfeasance.

Until the liars who lied to you who consider you dumbass rubes too stupid to call them on their bullshit, then you need to Shut. The. ****. Up.

All this bullshit they throw at you about Obamacare is to distract you from the fact they LIED TO YOU. RIGHT TO YOUR IDIOT FACES.

And you keep falling for this misdirection over and over and over.

YOU DESERVE TO BE LIED TO. YOU BEG TO BE LIED TO. Over and over.

 

[leftwinger]

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You did not back up your 100 million claim with evidence. It was a big lie of omission.

.

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As my hero Ronald Reagan was fond of saying, "There you go again". Lying out of your ass.

Try to be better.

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Defense rests. 15 yrs old. Looks like a nice house. Why are they not working at White Castle or doing homework? Giddyup.

Video: 15-Year-Old Girl Arrested on Felony Charges After Attacking Occupied Police Car with a Shovel

"Regardless of age, resorting to intentional damage of people or property in our city will result in an arrest."

www.thegatewaypundit.com