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

[hadit]

.
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!
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Is this an admission that obamadon'tcare not only didn't save anyone money, it increased their costs significantly?

 

[g5000]

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

Um...retaard?

A 15 year old is not 100 million people.

You're not even trying to be better. You pride yourself on your lies, cowardice, and idiocy.

A natural fit for the liar, coward, and idiot in the White House.

 

[postman]

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

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.

Maybe you need an adult to explain how insurance works.

If you never have an automobile accident, or a damage claim,, your insurance charging you even $1 would be an overpayment.

 

[leftwinger]

Lots of Stain posting. No answers. They cant or wont even define the problem or the goal. Just like DEMWitted political hacks.

Again, how do you give "it all" to anyone? The pompous precks, they cant answer or won't.

I'll wait.

 

[postman]

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.

First, let's throw out some numbers

Total population estimate: Approximately 335 million people.

Population under 18: approx 72,025,000

Population 65 and over: approx 60,300,000

Population 18-64: approx 202,675,000

So you have 130 million who aren't working because they're in school or retired.

Of course there are those 14 and up working, and those over 65 working, but that doesn't significantly change the numbers.

 

[Marener]

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

You seem to think that insurance companies are building up bigger and bigger piles of cash just because they can. I’d like to see a source that backs this up.

 

[Thinker101]

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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.

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No kidding, a Pelosi interpreter. I'm sure they "meant" subsidies would go on forever. And I'm sure Obama "meant" you can keep your doctor, and you'll actually receive $2500....dumbass.

 

[Mr Natural]

Let’s hear the republicans ideas on healthcare.

 

[hadit]

Let’s hear the republicans ideas on healthcare.

Looks like they're content watching obamadon'tcare implode.

 

[postman]

Looks like they're content watching obamadon'tcare implode.

Actually they're doing their best to gut / hobble Obamacare. Remember when they changed the tax to $0 in hopes of getting it declared unconstitutional with Chief Justice Roberts ruling based on congresses power to tax.

 

[g5000]

No kidding, a Pelosi interpreter. I'm sure they "meant" subsidies would go on forever. And I'm sure Obama "meant" you can keep your doctor, and you'll actually receive $2500....dumbass.

I have been calling Obamacare a bait-and-switch con ever since it was birthed, dipshit.

I ask again: Where is the Republican replacement they promised FIFTEEN YEARS AGO?

Where is Trump's replacment he promised NINE YEARS AGO?

And why are you so submissive that you have never asked to see their plans?

Why are you so submissive that you let them lie to you and get away with it?

Don't you understand the moral hazard here? If you let them lie, they will keep lying to you about all manner of things.

And they have!

Because they hold you submissive cucks in utter contempt.

 

[Independent thinker]

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.

Yup. That's how the whole thing was set up. The healthy people paid higher premiums to insure the sicker people. They could have just given subsidies to the sicker people and everyone would have had cheaper insurance than Obamacare.

 

[gipper]

When citizens are lied to endlessly the duping is part of the way of living. The people who warned in the mid 1960's legislation were laughed at and ridiculed as the costs of medical has risen exponentially each year. Senator Moynahan a Prog in that era even warned. From their projections we were supposed to be paying perhaps a tenth of what we pay today through government medical costs.

HC in America is a money making scam. The care dispensed often sucks and does more harm than good. COVID vaccines should have enlightened all Americans to the scam.

 

[BluesLegend]

Obamacare was nothing but a Dem scheme to buy votes by taking money from other people and re-directing it to the moochers who's votes they were trying to purchase.

 

[BluesLegend]

They could have just given subsidies to the sicker people and everyone would have had cheaper insurance than Obamacare.

Democrats wanted to buy votes, whether people were sick or not didn't matter. Mooching deadbeats who want to sell their vote to Democrats for cheap Obamacare, paid for by everyone else, step right up.

 

[Winston]

You seem to think that insurance companies are building up bigger and bigger piles of cash just because they can. I’d like to see a source that backs this up.

Source? Why, it is intuitive. Loss reserves are a critical component of any insurance line. And yes, they are necessary. But yes also, that unique accounting concept is certainly abused. Do some research, income smoothing a big one.

The life insurance is the best market to evaluate. The risk of death can be calculated pretty damn well. But currently, the total value of the loss reserves for the life insurance market is SIX TRILLION DOLLARS.

The point I am trying to make here is that the money we all spend, on health insurance certainly, is being spent very ineffectively. The end result is trillions of dollars in assets, owned by the insurance company, that no taxes have been paid on and no taxes are charged on earnings as long as that money is in the loss reserves fund.

There are many reasons that we should nationalize the health care industry. The loss reserve provision of our tax code one of them, perhaps the biggest. I have no doubt that if we nationalized the industry, went to single payer, and garnished all the assets within those loss reserve funds we could pay for everyone's health care, including sex change operations and medical care for 500 pound smokers, without charging premiums, for years to come.

 

[Captain Creeper]

ACA = pyramid scheme

 

[hadit]

Actually they're doing their best to gut / hobble Obamacare. Remember when they changed the tax to $0 in hopes of getting it declared unconstitutional with Chief Justice Roberts ruling based on congresses power to tax.

And the only response the democrats could come up with was to throw money at it? They could have modified it when they had power but chose not to do so.

 

[Lisa558]

Obamacare was nothing but a Dem scheme to buy votes by taking money from other people and re-directing it to the moochers who's votes they were trying to purchase.

And that’s why getting rid of it is so difficult. It’s hard to beat Santa Claus!

Just look at how the Dems fought tooth and nail to extend the supposedly temporary COVID extensions, crying about how people earning $100,000 couldn’t afford health insurance without the system being propped up.

 

[Winston]

Yup. That's how the whole thing was set up. The healthy people paid higher premiums to insure the sicker people. They could have just given subsidies to the sicker people and everyone would have had cheaper insurance than Obamacare.

If you are getting health insurance through an employer, you are saving money due to the ACA.

The employer provided health insurance market was a clusterfuck prior to the ACA. That was my start in the insurance business. Believe me, it didn't last long. The money was good, but it was a racket. You see, within that market there were loss reserve requirements. There were no pre-existing conditions clauses. Everyone was accepted. You would get the demographic data from the employer. Employees and dependents, sex and age. That is all you got and the premium was based on those demographics the first year. But the second year, well the premium was based on the claims history of the company.

Small companies were really up against it. Say you have a small manufacturing company. Maybe fifty employees, one of them Joe. Joe has heart problems. He has had bypass surgery and his medical expenses each year run in the six figures. His cost have a significant impact on everyone's premiums. Honestly, he would quit work if it weren't for the health insurance. Once the ACA came along, he did quit, and he was removed from that risk pool saving everyone else money.

So, companies would switch insurance providers every damn year in order to get those demographically derived premiums and run from the claim history derived premiums. I didn't get in the insurance business to make money today. I got in to make money tomorrow and it wasn't working out if I had no persistency, that is keeping business on the books year after year.

But yeah, Joe retired and got a plan on the ACA. And there were millions of Joes. They left the risk pool and employer provided health insurance premiums stopped increasing as much as they did from year to year. I have seen it personally. Just resigned for next year. Actually saw a drop in premiums but now it is just the wife and I, my youngest turned 26 this year. But it has been the same company for years now, not the ever changing companies I used to deal with. And premiums have been re markedly stable.

No one can really see the benefits of the ACA. Especially not like I can. Biden was right, it was a big ******* deal.