How many of you would like to retire in your 50's? Seriously, how many?
I'd say the number is close 100% unless you really don't work for a living.
Not long after The Bastard Son of Frank Marshall Davis slithered into the WHITE House he came with a plan called the ACA, aka; Obamacare.
At first, I was all for it. I thought it mirrored the Swiss HealthCare system. But, alas, Federalsim got in the way. So instead of doing it the right way (A Constitutional Amendment) The Bastard Son of Frank Marshall Davis gave us the ACA.
And it destroyed Private Health Insurance for Individuals. It's all but gone. Unavailable. Group is till there but somewhere around Zero for Indiciduals.
Why does that matter? Because the stupid ******* ACA requires that you have an Income to qualify for coverage. EARNED Income.
So you bust your balls for 40 years and your dream comes true..... You can retire in your 50's while you're still younf enough to enjoy life.
You can live off your savings, you made sure of that. You can drain money out of your investments and draw cash from your Bank Account.
But you have to have Health Insurance. Otherwise youre taking a big chance on losing everything. In case you haven't looked at the cost of Hospitals and Doctors recently -- They ain't cheap.
THE GAP
If you fall into THE GAP, the only way you can get Health Insurance is through MEDICAID and that's only in
SOME STATES. Florida, for instance, won't do it. Which is a little surprising since we have a lot of it down here. I guess most of it is people from out of State.
This is not a very good explanation but suffice it to say that, yes, Medicaid is necessary for many people. Not just the Poor. Many others.
So don't be so quick to knock it. I'm not sure what effect this legislation has on that but I suspect that's what a lot of the fuss is about,
I believe that something has to be done about "The Gap". People are staying in jobs they don't want o be in and they're keeping younger people from accessing those spots.
The Bastard Son Of Frank Marshall Davis fucked up everything he touched. Especially health insurance
Here's a better, if highly biased, explanation --
According to Kaiser Family Foundation data, there are about 1.9 million people in the coverage gap across nine states (this does not include North Carolina, as Medicaid expansion will take effect there in late 2023). They aren't eligible for Medicaid, nor are they eligible for premium subsidies...
www.healthinsurance.org
I keep hearing about the 'coverage gap' in states that are not expanding Medicaid. Can you explain what that means and who it affects?
We'll get into the details below, but the short answer is that people with income below the poverty level are not eligible for the Affordable Care Act's (ACA)
premium tax credits (premium subsidies), and if they're in a state that has refused to expand Medicaid eligibility under the ACA, they may not be eligible for Medicaid either.
That leaves them in a situation in which they're living in poverty but also ineligible for financial assistance with their health insurance. Almost 1.5 million Americans are currently in the coverage gap.<a href="
What is the Medicaid 'coverage gap' and who does it affect?" title="How Many Uninsured Are in the Coverage Gap and How Many Could be Eligible if All States Adopted the Medicaid Expansion? KFF.org. Feb. 26, 2024.">1</a>