Posted on 01/11/2017 8:16:50 AM PST by SeekAndFind
The debate is over. We do not need to repeal Obamacare; it will repeal itself. Two words summarize why: risk pool.
The ACA is founded upon a stunning misconception of the very definition of insurance. Its advocates have mistakenly conflated two unrelated concepts: insurance and welfare – or, more to the point, risk and charity.
People buy insurance in order to mitigate risk. We buy fire insurance because there is a slight chance that our house will burn down. If we cannot afford insurance, and our house burns down, we do not go to the insurance company to demand coverage for a pre-existing fire. Instead, we rely on the charity of donors – say, the Salvation Army. We do not demand it, and indeed, we may not receive it, but life has risks, which is why we buy insurance.
Obamacare has failed to make the critical distinction, which is why it is collapsing. The only people paying into the system are those who are wealthy enough not to need it and those who are so poor that they pay little or nothing. The rest of us pay the fine for not enrolling, or else we buy a policy that covers everything we will never use. For example, my wife and I are not at risk of getting pregnant, but we are expected to pay anyway.
The people who benefit from the ACA do so because they get something for nothing. They do so at the expense of the rest of us.
(Excerpt) Read more at americanthinker.com ...
All they really need to do is increase the number of doctors per capita.
The ACA is founded upon a stunning misconception of the very definition of insurance
I Strongly DISAGREE
The ACA is founded on the concept of SLAVERY and INVOLUNTARY SERVITUDE.
If I as an American Citizen have a “Fundamental Right” to the fruits of Labor of Another (Health Care)
By Definition it make Health Care Providers SLAVES!!!
Repeal it!!! Replace it with our original system with enhancements for COMPETITION, MORE CHOICES, FREEDOM OF CHOICES, and get the government out of the way of the people.
The big fat elephant in the room that no one is addressing is the PENALTY payment for not having health care.....REPEAL the PENALTY.
bmp
I think my TAX is $2600 this year, Insurance and the Deductible if I needed it would be $20,000 Annually.
$20,000 will buy you a whole lot of fine health care if needed.
it doesn’t matter; Leave it alone it will fail; it is the republicans fault for not helping to improve it. Repeal it and replace and things get worse; it is republicans fault for messing with it. The republicans are in a no win situation
THAT is absolutely correct.
The AMA consistently suppressed the number of medical school slots throughout the 1970s and 80s to prop up wages.
When the doctor shortages started happening in the 90s they started importing Pakistanis and Indians who were at best 2nd rate.
New medical schools in the U.S. were not built, even though the population grew by 110 million from 1970 to now.
If you want lower prices increase supply. There were always plenty of good students who were denied admission because of so few schools, and they would have alleviated the problem. Now we have unqualified foreigners who pass the exams by the slimmest of margins - how is that better?
Obamacare needs to be completely scrapped. Only when that happens, does Congress need to entertain the notion of replacing it. Eliminating O-care will eliminate all the tentacles this disastrous law has in other laws and regs. Start over and do things right.
Obamacare tried to cover this with its “risk corridors” subsidies but even that proved to be woefully too little.
I would aver that charity needs to be treated as charity and not a government program. And that churches should be fully encouraged to be part of it, WITH all the religious overtones that they desire. If they want to give out a crucifix or bibles or gospel literature every week to all the beneficiaries, they should be able to do it. Glorifying God has an odd way of increasing overall benefit.
Two things. Get rid of the kids up to 25 on their family insurance. Its ridiculous. A 25 year old kid is going to stay in his parents basement if he does not need health insurance.
When I surveyed my staff (200 people). A third listed health insurance as the number one or two reasons that they were working. Lots of women and young people work simply to get the benefits.
Second, high deductible insurance is very important. High deductible insurance helps consumers evaluate costs. And many people only want the well negotiated costs that insurance companies provide.
I have similar figures. Over $13k in "premiums" and $6700 in deductibles. I haven't been near a doctor in 8 years, but have paid a ton of money for other people.
Bob, Bob, Bob - there was no "mistake" about it.
Wake up, man! They're Socialists!
The ACA has so many fundamental flaws, that this is just one of many... Reality is end of the day, there are about 5-6M real people that got policies that didn’t have coverage before... 14-15M or so of the rest are jsut folks who were on Medicaid before who were forced onto it...
So, for those 6 Million folks who got coverage that didn’t have it before TRILLIONS were burned... literally the fed could have bought cadillac plans at full price for all of them and not remotely spend anywhere near the money burned on this fiasco.
let alone the BILLIONS if not TRILLIONS in other hidden costs like development and other work done by the industry to meet varying stupid regulations related to it. This thing is a disaster up and down the chart....
Left alone you will have no plans available in most states inside of a few years, because they finally figured out the reality... they lose money and big money on ever enrollee... In my town alone more than 1/2 a BILLION in LOSSES between the 2 big insurance companies in the last year just on Obamacare policies alone..
Obamacare doesn’t POOL the risk, never could, never will...
bfl
Health insurance in the U.S. in general has almost all of the flaws of the ACA -- regardless of whether that insurance is administered by a government agency or an insurance company.
In other words ...
1. A patient who needs medical treatment has no concern about how much it costs because he isn't paying for it.
2. The doctor who treats this patient has no interest in treating him like a valued customer because someone else is paying the bills.
Introducing a third party in the mix to pay the bills actually destroys the normal business-customer relationship that makes business transactions operate effectively under normal pricing characteristics related to supply and demand.
Keeping the kids on the insurance plan doesn't make the plan more expensive at all. It's actually the other way around.
That provision of the ACA was never intended to extend medical insurance to young adults who actually need it. It's intended to inflate the size of insurance pools with young, healthy adults who will rarely ever use it. This offsets the higher claims from older adults and helps the insurance companies make a lot of money insuring people who will have very few claims.
When healthcare was simpler, it was cheaper. Now there is no limit to how much the industry can bill for a person who is a basket case.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.