Skip to comments.Study: ‘Obamacare’ Will Lead To Health Insurance ‘Death Spiral’ (Pelosi knew)
Posted on 08/25/2013 4:03:25 PM PDT by Libloather
WASHINGTON (CBS DC) A substantial number of young, single Americans have a solid financial incentive to forego the Obamacare health insurance exchanges a trend that could send the federal health care program into a death spiral.
According to a new study from the National Center for Public Policy Research, a large number of single people between the ages 18-34 who do not have children have a substantial financial incentive not to cross-subsidize older, sicker Americans covered under the health care system. Without the younger generation purchasing through the exchanges, the exchanges will quickly dry up.
(Excerpt) Read more at washington.cbslocal.com ...
The best thing opponents of Obamacare have going for them is Obamacare. The implementation glitches and the ensuing delays have created a perverse system: Individuals must purchase insurance with no out-of-pocket cost cap while employers are under no obligation to provide insurance. Aside from the gross unfairness and the difficulty in rolling out the plans (e.g. exchanges arent set up, there is no guarantee personal information will be protected, the centrality of a corrupted IRS) Obamacares debut is bringing home several unpleasant realities.
“death spiral” is by design. It was planned that way. The goal is “single payer”, and a death spiral is a perfect “crisis” from which to present a single-payer solution.
HELLO!!! The IRS TARGETED Conservatines....just like the DEATH PANELS will taget Conservatives and ANYONE WHO DOESN’T VOTE DEMOCRAT!!!!<P.ALL of you Independents BEWARE!!!
Until the day I die, I will vote for whomever I choose, not some politician telling me who to vote for.
When the jobless rate for the youngest workers is approaching 22%, how the heck does Obama think they can afford health insurance? They are living with mom and dad and are lucky to get a part time job, so there is no chance they will be able to pay the bill that Obama and the Democrats have stuck them with.
Of course Pelosi knew..she knew that we wouldn’t know unless we pass it.
The problem with the liberals’ idea that the failure of Obamacare will lead to single-payer is that the voters are going to be seriously pissed by the substantial rise in health insurance premiums. The DNC has had their bite at the apple, so to speak, and now why should the voters trust the Democrats to muck up the system again?
If the Democrats’ plan to achieve single payer went like this:
1. Pass Obamacare.
2. Implement Obamacare.
3. Make sure Obamacare fails.
4. Pass single payer.
then they missed a step between 3 & 4, where there’s this thing called “Win re-election.”
Obamacare is what happens when the Underpants Gnomes do health care.
What is more, how is adding 30 million people to the health care system without adding doctors, nurses and hospitals going to bring down the price of health care?
What Obamacare does is increase demand, while doing nothing to raise supply. How is the price of health care supposed to go down?
It’s about like the open-borders lobby on the subject of household incomes. Household incomes in the US have stagnated for 10+ years now. How is adding a huge new supply of cheap labor going to increase wages, and therefore household incomes?
Or arranging for many more kids to enter college. The government arranges for millions more kids to enter colleges, no increase in faculty or colleges, and the price is supposed to come down how?
On and on and on. There’s a whole lot of people in DC, both conservative and liberal, who are peddling very large-scale, yet very simple economic assumptions that cannot possibly be true. In all cases, they’re ignoring large scale applications of supply and demand.
In health care, they’re all assuming that doing something to permit demand to go up will result in prices going down. That’s not how supply and demand work.
In labor markets, the open-borders lobby is campaigning for huge influxes of labor, while peddling the lie that this flood of labor (supply) won’t result in prices going down in a job market where demand (new jobs) isn’t increasing.
Even trying to roll out "baby steps" has been a miserable failure. There is no way this comes out as planned.
Because monopolies are good, especially government monopolies.
The State’s Role
One thing that does not get talked about with Obamacare is that it is NOT insurance.
If you cannot pay the amount the government decides that the IRS will take from you, then you will be placed into your states welfare roles. And if you get sick, and require care, the state will pay...
...THEN THE STATE WILL GO AFTER ALL YOUR ASSETS TO COVER THE COSTS. AND YOU OR GRANDMA WILL LOSE YOUR HOUSE OR OTHER BELONGINGS.
There is no good side to Obama care and making sure people were covered more than they are now is not what it does.
OBAMACARE MAKES SURE THAT THE MEDICAL-INDUSTRIAL COMPLEX HAS INCOME FROM TAKING HOMES AND ASSETS FROM PEOPLE.
DO NOT FORGET THIS
Note from CNS News
People whose household income is too small to qualify for the subsidy will be put on Medicaid. People whose household income exceeds 400 percent of the FPL will get no subsidy at all.
According to the IRS, which responded to a CNSNews.com inquiry on the issue, a household earning an annual income that is just $1 more than 400 percent of the FPL is ineligible for an Obamacare subsidy, period.
As explained by both the IRSwhich wrote the regulation governing the Obamacare subsidyand the Congressional Research Service, which published a July 31 report on the matter (Health Insurance Premium Credits in the Patient Protection and Affordable Care Act), the Obamacare insurance-premium subsidy essentially works as a cap on the percentage of annual income an eligible person is required to pay in health-insurance premiums.
Bottom line here is that this’ll be a test case for just how dumb the average Obamadroid is. If low information voters aren’t as stupid as Zero’s counting on them being, the exchanges won’t work. I almost feel guilty that they’re going to spend the next twenty years of their lives providing benefits for me, but only almost.
Thirty seconds after the insurance companies figure out they’ve been thrown under the bus, they’ll switch sides.
Therefore, that will leave more money and services for the libs and dims
Or a truly free market where people can choose what coverage they want to purchase; HSAs, tort reform, etc.
Letting states decide their own way to cover indigent like indemnifying doctors who volunteer their time.
So many possibilities; we do not have to accept single payer!
He doesn’t think they can afford health insurance, he figures you can afford to buy it for them. The subsidies are coming out of your pocket.
Agree, but how do the Marxist Rats get there? Won't it take take multiple Congressional votes to make that change? I don't see the political capitol that the Rats would need to make the change. They have bought the farm with the majority of the American people just for the ACA.
OCare increases the number of people who have health insurance, but doesn’t increase the demand for health care all that much for two reasons.
1. The belief that the uninsured weren’t getting health care is wrong.
2. The co-pays built into the approved plans will limit casual usage.
Mostly what OCare is about is redistribution.