Posted on 09/29/2013 7:54:22 PM PDT by tobyhill
Americans will pay an average premium of $328 monthly for a mid-tier health insurance plan when the Obamacare health exchanges open for enrollment next week, and most will qualify for government subsidies to lower that price, the federal government said on Wednesday.
The figure, based on data for approved insurance plans in 48 states, is the broadest national estimate for the cost of coverage when President Barack Obama's healthcare reform law takes full effect next year. The prices of the new plans are at the heart of a political debate over whether they will be affordable enough to attract millions of uninsured Americans when enrollment begins on October 1.
Obama, who is facing a Republican threat to eliminate funding for the law or shut down the federal government next week, said the fierce opposition stems from the fear that Americans will embrace the program.
"Essentially they're saying people will like this thing too much, and then it will be really hard to roll back," Obama said on Tuesday in a conversation about healthcare with former President Bill Clinton. "What we're saying is, just look for yourself. Take a look at it, and you will discover that this is a good deal for you."
The Obama administration is counting on signing up 7 million Americans, including 2.7 million younger and healthier consumers who are needed to offset the costs of sicker members, in the first full year of reform through the state exchanges.
(Excerpt) Read more at news.yahoo.com ...
Lamar Alexander (D-TN)
John Cornyn (D-TX)
Kelly Ayotte (D-NH)
Lindsey Graham (D-SC)
John Barrasso (D-WY)
John Hoeven (D-ND)
Roy Blunt (D-MO)
Johnny Isakson (D-GA)
John Boozman (D-AR)
Mike Johanns (D-NE)
Richard Burr (D-NC)
Ron Johnson (D-WI)
Saxby Chambliss (D-GA)
Mark Kirk (D-IL)
Jeff Chiesa (D-NJ)
John McCain (D-AZ)
Dan Coats (D-IN)
Mitch McConnell (D-KY)
Tom Coburn (D-OK)
Lisa Murkowksi (D-AK)
Thad Cochran (D-MS)
John Thune (D-SD)
Susan Collins (D-ME)
Roger Wicker (D-MS)
Bob Corker (D-TN)
i’m trying to remember where the government gets the money to pay for the subsidies
It’s going to come from all those government Student Loan payments./s
You know, from the college graduates that can’t find jobs.
Is that per family or per person?
When will the young people figure it out? They voted for Obama, right?
The average senior citizen today will get $325,000 more in benefits from than the government than they put into the system. However, the newborn today will pay in $425,000 more than they receive in benefits. This is from Stan Drukenmiller, the hedge fund manager.
Thank you, young Obama voters, for subsidizing my retirement!
Sign up for health-sharing ministries - it counts as insurance, but cheaper than Obamacare plans.
Exemptions from the payment
Under certain circumstances, you won’t have to make the individual responsibility payment. This is called an “exemption.”
You may qualify for an exemption if:
You’re uninsured for less than 3 months of the year
The lowest-priced coverage available to you would cost more than 8% of your household income
You don’t have to file a tax return because your income is too low (Learn about the filing limit.)
You’re a member of a federally recognized tribe or eligible for services through an Indian Health Services provider
You’re a member of a recognized health care sharing ministry
You’re a member of a recognized religious sect with religious objections to insurance, including Social Security and Medicare
You’re incarcerated, and not awaiting the disposition of charges against you
You’re not lawfully present in the U.S.
Hardship exemptions
If you have any of the circumstances below that affect your ability to purchase health insurance coverage, you may qualify for a “hardship” exemption:
You were homeless.
You were evicted in the past 6 months or were facing eviction or foreclosure.
You received a shut-off notice from a utility company.
You recently experienced domestic violence.
You recently experienced the death of a close family member.
You experienced a fire, flood, or other natural or human-caused disaster that caused substantial damage to your property.
You filed for bankruptcy in the last 6 months.
You had medical expenses you couldn’t pay in the last 24 months.
You experienced unexpected increases in necessary expenses due to caring for an ill, disabled, or aging family member.
You expect to claim a child as a tax dependent who’s been denied coverage in Medicaid and CHIP, and another person is required by court order to give medical support to the child. In this case, you do not have the pay the penalty for the child.
As a result of an eligibility appeals decision, you’re eligible for enrollment in a qualified health plan (QHP) through the Marketplace, lower costs on your monthly premiums, or cost-sharing reductions for a time period when you weren’t enrolled in a QHP through the Marketplace.
You were determined ineligible for Medicaid because your state didn’t expand eligibility for Medicaid under the Affordable Care Act.
https://www.healthcare.gov/exemptions/
Lovely!
Unfortunately, given the magnitude of current debt, the cost burying will only seem marginal.
I don't like the fact there isn't something as a guide to determine what our costs are BEFORE we actually have to sign up. This seems to me as a way the Gov. can obtain your information and if or not you have Insurance....and get you to sign right then...or can you get copies of your options and take them with you to consider which plan is best....
This whole thing stinks to high heaven!
But my questions again is....can the hospital insist you sign up for Insurance or get no treatment.....I know what it hospitals don't refuse you now...but what does the Obamacare Monstrosity 'actually say'?
Never heard of health sharing ministries......is it a company of Doctors ?
That is after tax payout and he doesn't own his home. So of the roughly $40,000 he takes home in a year he is now gonna pay over 10% for a Silver Plan with a $10,000 deductible."
OK - MATH TIME!
The total premium for this guy is $4428/year. Remember, even while paying that premium, he pays the first $10,000 out of pocket.
OR...
The max penalty for not being insured for this fellow in 2016 is $1425/year. He still pays out of pocket for incidental medical expenses.
BUT WAIT...
Suddenly he needs an operation. He can't be denied for "pre-existing conditions" so now he buys health insurance.
VOILA! The only danger is a sudden, catastrophic injury. In 99% of those cases, though, automobile, other liability, or homeowners insurance will assume some cost.
Seriously - once people figure out the math, they'll drop health insurance like a hot potato, thus causing rates to REALLY skyrocket.
<....”i’m trying to remember where the government gets the money to pay for the subsidies”......
One of them is the ‘Medical Device Tax’ that the Rep.s want omitted from Obamacare.
When you hear people saying Obamacare is a tax...that’s exactly what it is...a revenue hog for the Government.
They are taking away any disposable income you might have after you pay taxes, payments you may have, rent food and gas.
_____________________________________________________
Wait until Cap and Trade begins. We haven’t seen anything yet
Obama will get everything he wants; of this I’m convinced.
Then there’s the fact that if an illness prevents you from working while you recover....you still have to pay your premium......figure that!
Wait until they have to institute a VAT.
Yeah but sometimes it is an emergency. A midnight trip to the ER and a bunch of tests, couple day stay in the hospital, etc. Trust me, you do not want that bill. A friend just had that happen. 70k in bills and they keep rolling in.
<.....”emergency rooms are required BY LAW to screen and treat anyone who comes in at any time for any reason, regardless of insurance. That is federal law and is one that is strictly enforced”.....>
But what does the Obamacare Beast actrually say about this...and because it is also “LAW” does that override the current LAw regarding treating patients?
The whole thing is a loose loose proposition IMO.
That comes out to $3936 per year or roughly 1/10th of your pre-tax paycheck if you have a $40,000/yr job. And that’s not including the co-pays and out-of-pocket expenses.
I suppose if you’re a young person working two 29-hour-per-week part time jobs with no benefits because your employer can’t afford their end of the health care premiums, you’ll be glad you have a 58-hour work week just to keep your necks above water.
Now, I hope you figure out which party brought you this boondoggle and was even willing to risk a government shutdown to insure you got this “benefit”. The media won’t tell you. You’ll need to figure it out for yourselves, that is if you aren’t too tired from flipping burgers for 58 hours.
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