Tag Archives: ACA

Obamacare’s ProblemS Are Just Beginning

Doctor

Health Care Problems Ahead

When I have criticized the ACA in the past, I’ve done so for different reasons; none of them being a horrible website roll out.  With such issues as fewer doctors, rising premiums and political exemptions – the law is riddled with problems.

ACA Forcing Premiums To Rise

One of those problems is counter-intuitive.  The ACA is going to  force policies to rise.

In all the discussions regarding the benefits of the new law, including “free” contraceptives, for example, it has never been brought up by the defenders of the law that nothing, of course, is free.  That contraceptive package will have to be paid for by somebody – maybe even you.

And how will that cost be recouped?  Why, by raising the premiums on people, of course:

Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and for younger women by an average of 55 to 62 percent.

These prices are only going to continue to rise as Obama’s target market shuns the the law opting for a fine that might not ever be levied – the young and the healthy are fleeing the scene of the crime.  This results in only the older and the sicker enrolling; the most costly of the people covered.  The only result is a rise in policy costs.

No – make no mistake, the problems with Obamacare have nothing inherent to a failed and botched website – that’s only gravy in the pursuit in demonstrating that this administration is dangerously inept at management issues.

 

 

If You Like Your Plan You Can Keep Your Plan

The White House must be insane if they try and dispute the idea that this is the “Lie of the Year”

The White House on Friday said President Obama had “in a very honest way addressed” questions over his statement that individuals could keep their health care plans under ObamaCare, named by fact-checker PolitiFact as “Lie of the Year.”

“The president, in an interview earlier this fall, took this question head-on and expressed his concern for those individuals, those Americans, who received cancellation notices and were potentially adversely impacted by or affected by that,” White House press secretary Jay Carney said.

But the White House spokesman went on to jab the fact-checking organization, who in 2012 had declared the president’s statement “half true.”

“You know, end-of-the-year categorizations like that are always fun, even when they don’t jive with past characterizations of the very same statement, but we’re focused on implementation of the Affordable Care Act,” Carney said.

Stones.  Right there; that’s stones.

This isn’t the normal political “lie” where a candidate campaigns on “lower taxes” or “increased help for middle-class families” where the guy honestly will try and achieve the “campaign promise”.  No, this here, this is different.

In this case, the White House, Obama specifically, knowingly knew that millions of people would lose their plan well ahead of time and in a deceitful and purpose of mind, lied to the American people.

This is what people mean when they say “he lied”.

Affordable Care Act Helping The Poor

Poor Artist

Came across this article in the NY Times this morning:

For Mark and Elisabeth Horst, both artists in Albuquerque, the risks of signing up for a bronze plan were outweighed by the prospect of getting it free. The Horsts, who make $24,000 a year between them, qualified for $612 in monthly subsidies, but the cost of a bronze plan was $581 a month.

The Horsts are the couple pictured above.

I object to redistribution in general but have to admit to having sympathy for folks who fit the mental picture of “the poor”.  Struggling factory worker barely getting by.  Single mom who can’t pay rent, electric bill AND the water bill.

But THESE ‘effing people?!?  I have to work my ass off to support these people’s health care?

The article goes on to to quote Mr. Horst as claiming to be in good health, so I’m guessing that they are making 24k is that they CHOOSE to make 24k, not because life has dealt them some shitty hand.  These are people who CAN work, COULD work but are making the choice NOT to work.

And we’re taking care of them like children.

Look, I’d like to wake up every day and draw.  Or color.  Or make clay ashtrays too.  But I don’t; I go to work and bring home the bacon.

And because I do – these people get to color.

Awesome.

In honor of the working poor:

Obama Is Losing His Media Advantage

Media

Since before he was elected, Obama has had a strong ally in the press.  This has allowed him to remain personally popular and likeable all while his policies have proven to be UNpopular.

Perhaps such a relationship is seeing its expiration date:

After emerging from the showdown over the Republican-led government shutdown relatively unscathed, the Obama administration finds itself under assault on three fronts: problems surrounding Obamacare, revelations of the U.S. spying on allies, and the 2012 attack on the U.S diplomatic compound in Benghazi, Libya — over which a senator has threatened to hold up all of the administration’s nominations.

The controversies are sure to fuel continued Republican attacks on Obama and his Democratic allies as the nation gears up for midterm elections next year, and the White House has portrayed the attacks as so much partisan chatter.

But to CNN senior political analyst David Gergen, they reflect the relative inexperience of the Obama White House.

“This is an administration that has been very, very good at its politics, but has never been very good at execution of policies from Day One,” he said Monday.

“It’s an administration which has some really smart people in it, and a lot of younger people. It doesn’t have very many heavyweights,” he said.

This isn’t news here and was certainly predicted during the first election cycle that Mr. Obama survived.  And, I have to admit, now that he’s President, the fact that he is largely ineffectual may be my most favorite thing about him.

But this ACA rollout is a disaster.  A disaster the likes of which would get an executive in the private secotr fired.

Affordable Care Act – Young People

College Kids

The Affordable Care Act is in the “Open Enrollment” phase.  And for many Americans, it’s the first time that they ‘re shopping for insurance.  And as they go through the process, they’re going to have to make some decisions.  And I get that the whole thing might be overwhelming, I have to shake my head at this analysis:

 Young adults could pay relatively little up front for Obamacare, only to pay a lot later.

They may be more likely to buy cheaper plans on the health care exchanges, but they are often less informed about how high out-of-pocket costs, including deductibles, can erase any savings realized from the lower premiums, potentially leaving them with crippling bills, experts told CNBC.com.

“I think the exposure is pretty high. It’s way higher than most people are used to,” said Karen Pollitz, a senior fellow at the Kaiser Family Foundation, the health policy research group. “There will be some people who will, for whatever reason, end up getting high-deductible health plans, and I think some of them may not like it.”

Forget, for a second, what “could pay relatively little up front” means.  The fact is that most likely these young folks face two facts:

  1. They weren’t buying insurance before and would be exposed to the same crippling bills.
  2. They are highly unlikely to ever encounter such eventualities.

As for point 1, while they would be exposed to the same crippling costs, at least now that cost is limited.  Anyway, the point is, that people all over creation are forgetting that we are talking about insurance – the protection against risk.

When I was young, my dad would implore me to purchase just such a catastrophic plan.  And now, as I manage young college graduate entering the corporate work force for the first time, I coach them the same way.

Buy the least expensive high deductible plan you can find.  Then, fund an HSA to the max up to or exceeding that deductible.  For the young, the benefits are two fold.

  1. You are fully protected in the event of a life changing financial occurrence.
  2. You have time on your side to grow that HSA.

One last thing.  The article mentions the cost of such a plan:

“I was looking at Texas earlier today,” Pollitz said. “They had a bronze Blue Cross plan that was $250 a month … for a 40-year-old. The bronze had a $6,000 deductible

The cost before the ACA?

Now, how expensive in insurance for a 30 year man in the same ZIP?

The plan that offers $5,000 – 0% -No charge after deductible?

$62.24

The plan with the lowest deductible that is the cheapest looks like this:

$2,500 – 30% – $40 office visits:

$99.40 a month.

It will be fun to watch this thing as it moves from enrollment to functional plan.