Suppose the WORST Sky-is-Falling Prediction about Losing Obamacare Subsidies Comes True

[Lisa558]

Would you like to make a little or big bet there are not grandfathered plans? I still have many clients on them. They are paying through the nose now but they swear off any ACA plans. Since those people are getting older sooner than later there will not be anyone left or very few on those plans and that block of business will finally be phased out.

So they’re “paying through the nose” now to avoid the lousy Obamacare plans? That’s the problem! Before Obamacare, I and millions like me had good, affordable plans.

You don't seem to understand the bronze plans have and still are not all that good. I never have disputed that. The best were platinum (with a price) but now it seems to be gold. In the past couple of years the deductibles and co pays have gone up. The people you heard or hear about without a low deductible are on silver plans and most are at about 100% to 200% of FPL.

I KNOW the bronze plans aren’t good. That was the problem. But when the bronze plans go for $900 a month, how can I have afforded silver or gold? Who has the equivalent of an extra mortgage payment just lying around?

The plans that everyone is yelling about that went away after obamacare was implemented was up to the insurance companies and not much about obamacare as they could have kept them.

Again, that’s the problem. Obamacare required so much that the insurance companies for private individual plans that they didn’t WANT to offer them as they would have to skyrocket the premiums, and most people couldn’t afford them.

What Obamacare did was make health insurance unaffordable to millions of people who PREVIOUSLY had decent, affordable plans.

 

[Dekster]

Here Jeffries predicts disaster:



He gives several examples of plans that will go from costing the consumer three to five hundred dollars per mont to two to three thousand per month.

True?

Doubtful, especially since those are prices under the "Affordable Care Act." We didnt get the subsidies until COVID. Prices were not that high then without the subsidies.

But lets pretend it is true:

What happens then?

Families won't have the money. It's too much. Insurance companies will quickly lose their customer base, starting with the healthiest consumers. So they will have only their most costly clients and not the ones who pay mandated premiums but never file claims.

They will have to raise their premiums which will drive away custmers who only occasionally use their insurance. Now they only have heavy users.

Unless they lower their prices in order to keep their base. They RAISED rates when government started picking up everyone's tab. Why wouldnt they? Now they will lower them or go out of bid'ness..

Jeffries is concerned about hard-working Americans - NOT. Because that is who pays taxes to fund these subdidies thst line the pockets of the indurance industry.

It isn't patently false. Rolling back medicaid expansion would put those 10M working poor people who were ineligible for medicaid or obamacare back into the grinder. Like many democratic policies, Obamacare was designed to screw the people supposedly being helped to make sure that those people who most needed it would always be dependent on them and vote accordingly. Similar to what Biden did with student loan forgiveness---supposedly it was old people with 6 digit debt being helped "first" when only young people with small balances and government employees actually ever getting it.