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 ...
0Care = NoCare
That would make a great bumper sticker.
We need one of our great with graphics FRiends’ to make this.
Heh heh, you used Republicans and clever in the same sentence...heh heh heh
The government still needs insurance companies to administer the plans, ie create plans, determine benefits, collect premiums. What the Feds want to do is in effect nationalize them, just like the banks. The insurance companies could become a regulated monopoly, like a national utility, with a specified profit.
I think the key is to implode 0-care. This can be done by individuals not signing up for the exchanges and gaming the system when sick. That way, insurance companies will exit the market before they can be effectively nationalized. Yes, there will be a vacuum, but instead of necessarily leading to a total government run system, free market solutions, supported by state initiatives, could fill the void.
It subsidizes old people, in particular, old females, who are the single biggest users of health care in the country.
If you give old women a way to consume more health care, they will.
Let’s be serious. The GOP-e can’t find their own head, which is currently firmly planted on the dark side of their sphincter muscle.
Let’s be serious for a moment, shall we?
The GOP Establishment will never turn their backs on Wall Street and the “free trade” crowd. The GOP Establishment wants to be liked, and they figure that if the press doesn’t like them, then at least the mandarins occupying corporate jets and boardrooms will like them and take them grouse hunting at some corporate ranch in the west. The GOP Establishment thinks just the same as the hard lefties in the DNC, they just want to do it to us more slowly.
And the people thinking that Ted Cruz is going to actually do something about it... lemme see, a lawyer with a Harvard background. Yea, I’ll believe he really sides with the common man on this when I see him really do something.
Young people are beginning to discover, much to their dismay, that they were beyond stupid in 2008, and even more stupid in 2012. When I talk to some of these stupid young people, I’ve decided to no longer sugar-coat the issues any more. When I listen to their tales of woe and grief, I just arch my eyebrows and say “Well, you voted for this outcome, so I can’t understand your complaints. You asked for this, you got this, so...?”
They look at me as tho I’m stupid. “What do you mean, I voted for this?”
“Well, have you read the actual analysis of what’s in Obamacare?”
“Well, there you go. This is all coming as a surprise to you because you voted for Obama and the Democrats, and you got them. Good and hard. You’re just too stupid, too lazy, (or both) to read the bill - either before or after it passed - to figure out that that entire ‘Affordable Care Act’ is one huge transfer of wealth, from you youngsters to old people.”
“What do you mean?”
“You’re going to be paying far more for your health insurance than if you went into the pre-Obamacare market to buy the same sort of plan. The excess money you’ll be paying will be going towards making old people’s insurance costs go down, especially the cost of insuring old women. You voted for it, so you must support this idea.”
“Oh, and you expected companies to just lay back and take the increased costs. The Democrats (for whom you voted) thought that companies would just implement this instead of moving to part-time labor. That was stupid too. 75%+ of the jobs being created now are part-time jobs. So much for predicting what corporate management would actually do.”
“But those companies are making so much money!”
“Yep, they’re making soooo much money that they’re re-hiring people after the end of the 2008 recession slower than after any recession post-WWII. They’re giving warnings on revenue. They’re increasing their earnings while the top line is mostly flat by cutting expenses - by doing things like moving people to part-time status to cut down spending on health insurance. Yep, they’re positively rolling in money. That’s why you didn’t have a job when you graduated in 2010, and that’s why you don’t have a job today. But don’t worry, Obamacare says that your parents can add you to their policy until you’re 26! That’s only, what, two years away now?”
“Yep, nice talking to you, Scooter! You voted for this, you deserve it, so enjoy sleeping in your mom’s basement.”
I love kids.
The people who I find most amusing are the unions.
The unions were TOLD, explicitly TOLD, by Pelosi, Reid and Obama, that they’d be able to keep their “Cadillac” plans - the type of plans with no deductible, no co-pays, etc.
The unions are now finding out that they were lied to.
That issue could really hurt the Democrats in the next two election cycles, because there’s no good way for this clown posse’ administration to undo the hit on the unions’ health care plans without bringing a lot of other questions out into the open.
They KNOW WHO YOU VOTE FOR!!!
totally disagree. it would be coming out as planned if they could roll out the baby steps designed to get everyone hooked on this. But when the unions and the gubment workers rebel, no, it absolutely ain’t comin off as planned.
BTW, everyone cites England as "single payer," but they aren't. England has private health insurance. A friend of mine was treated over there under her husband's company's private plans. They are quite expensive.
I wonder if fears of personal security are limiting the willingness of socialists to serve on the Death Panel (IPAB)?
We have a boat and our next door neighbor is a live aboard who works for Blue Cross. Talked to him the other night about Obamacare. Apparently the insurance companies are mad as heck about the navigators. He says not only will they make a salary but they will be paid piecemeal for each individual they help navigate. The navigators will be making more money than insurance employees paid to do the same thing. That takes away from the insurance companies employees jobs, which is his job.
This crap just goes round and round.
There’s about a dozen levels of consequences for any major change in health policy. We’re just discovering level two.
ObamaCares’s only goal was to bankrupt private health insurance companies. Pre-existing conditions? Imagine running home-owners insurance that way:
Geko: You say your house burned down yesterday? What’s that got to do with me, mate?
ObamaVoter: I’d like to purchase an homeowners policy to pay for the damages....
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