Finally the bad news about this ill conceived, poorly executed monstrosity are starting to come out. Is it too late? Can we make it work? The answer is still up in the air, however, if we would be asked to bet, it would be a big--no!
If the government tried to design a car, it would be like the East German Trebant which did not work most of the time, was terribly expensive, smoked like a stack and was ugly as sin. The same goes for this abortion. It will not work (and you can quote us on that.)
Conservative Tom
The Affordable Care Act will cause millions of Americans to pay more for their health insurance, lose their coverage, or have their work hours curtailed, according to Stanford business and law professor Daniel Kessler.
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Urgent: Should Obamacare Be Repealed? Vote Here Now!
If the government tried to design a car, it would be like the East German Trebant which did not work most of the time, was terribly expensive, smoked like a stack and was ugly as sin. The same goes for this abortion. It will not work (and you can quote us on that.)
Conservative Tom
WSJ: Prepare for Obamacare Rate Shock
Tuesday, 30 Apr 2013 01:43 PM
The Affordable Care Act will cause millions of Americans to pay more for their health insurance, lose their coverage, or have their work hours curtailed, according to Stanford business and law professor Daniel Kessler.
People who have individual and small-group health insurance are particularly vulnerable, he writes in The Wall Street Journal.
“These policies are most affected by Obamacare's community-rating regulations, which require insurers to accept everyone but limit or ban them from varying premiums based on age or health. The law also mandates ‘essential’ benefits that are far more generous than those currently offered.”
Oliver Wyman consultants estimate that single adults aged 21-29, earning 300 to 400 percent of the federal poverty level and holding individual health policies will endure a rate hike of 46 percent, even after premium assistance from tax credits.
“These policies are most affected by Obamacare's community-rating regulations, which require insurers to accept everyone but limit or ban them from varying premiums based on age or health. The law also mandates ‘essential’ benefits that are far more generous than those currently offered.”
Oliver Wyman consultants estimate that single adults aged 21-29, earning 300 to 400 percent of the federal poverty level and holding individual health policies will endure a rate hike of 46 percent, even after premium assistance from tax credits.
Obamacare: Massive New Rules Revealed for 2013
“Higher premiums are just the beginning, because virtually all existing policies in the individual market and the vast majority in the small-group market do not cover all of the ‘essential’ benefits mandated by the law,” Kessler writes.
“Policies without premium increases will have to change, probably by shifting to more restrictive networks of doctors and hospitals.”
In addition, the Congressional Budget Office estimates that Obamacare will cause 3 million people to lose their insurance completely in 2014. And it expects that 6 million will have to pay the individual-mandate tax penalty in 2016, because they don't want or can’t afford coverage.
Some workers will see their hours cuts, because employers aren't subject to a tax penalty for employees who work less than 30 hours per week, Kessler says.
“In total, it appears that there will be 30 million to 40 million people damaged in some fashion by the Affordable Care Act,” he writes. “When that reality becomes clearer, the law is going to start losing its friends in the media.”
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Urgent: Should Obamacare Be Repealed? Vote Here Now!
Fact-checking…
ReplyDeleteYou are still posting only extremely one-sided, biased analyses of the impact of ACA on premiums. For many millions of older, sicker, poorer people, health insurance will become available and affordable for the first time ever due to Obamacare. On the other hand, young, healthy people will generally see their premiums increased, but they will be receiving better quality health insurance plans for their money.
Every independent, intellectually-responsible discussion of the topic has concluded that ACA premiums will vary based on age, sex, income, and place of residence. The most recent is the Millimen report which you can download here…
http://www.ahip.org/MillimanReportACA2013/
--David
The proof is going to be in the pudding, but when you have Democrats like Max Bachus (a strong supporter of the bill) tell Sebellius that it is going to be a train wreck, this is NOT good.
ReplyDeleteI doubt that you, David, will ever accept the fact that ObamaCrapCare is a failure, until you have to pay the bills or get service and the bill goes crazy and the service is terrible!
David,
ReplyDeleteWanted to know how you like/dislike the new layout. Please let me know.