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Will Only Suckers Buy ObamaCare Insurance?
Investor's Business Daily ^ | 2/19/2013 | John Merline

Posted on 02/21/2013 3:49:06 PM PST by IBD editorial writer

For years, ObamaCare critics focused on its least popular feature — the mandate that everyone buy insurance — taking their fight all the way to the Supreme Court.

But as ObamaCare's official launch date approaches, even its backers are beginning to admit that the law could actually create powerful incentives for millions of people and thousands of businesses to drop their coverage, despite the mandate.

There is growing concern, for example, that the law's market reforms will cause a huge "rate shock," particularly for those young and healthy.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: mandate; obamacare; premiums
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1 posted on 02/21/2013 3:49:17 PM PST by IBD editorial writer
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To: IBD editorial writer

Only suckers pay for health insurance.

I’m happy on Medicaid. Why on earth would I want to pay exorbitant premiums for health insurance?

The perverse consequence of ObamaCare is single payer is in our future - whether by accident or design.

We’ll see it in place before the end of the decade.


2 posted on 02/21/2013 3:53:14 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: goldstategop

We’ll see it in place before the end of the decade.

Thanks to Justice Roberts’ decision tossing the 10th Amendment.


3 posted on 02/21/2013 3:58:44 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: IBD editorial writer
For the young and healthy faced with a system that would charge them premiums five or ten times the maximum penalty, and a system that would let them enroll in a health care plan while in the ambulance on the way to the hospital, why would any rational actor sign up for Obamacare in advance?
4 posted on 02/21/2013 4:03:52 PM PST by Truth29
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To: freedomfiter2
No, no, you don't understand. According to many folks on FR Roberts is a genius.

Don't you see, the more the individual gets screwed over, the smarter and more beneficial "conservatives" think you are.

It's like drunken gymnastics for your brain......it hurts a lot, can have long lasting damaging effects, but in the end you can tell yourself it's good for you because it's exercise.

5 posted on 02/21/2013 4:10:55 PM PST by Repeat Offender (What good are conservative principles if we don't stand by them?)
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To: IBD editorial writer
Obamacare is not something you can "buy".

It is with you like your soul is with your physical body. There is no choice but to pay for it one way or another - by design.

6 posted on 02/21/2013 4:11:45 PM PST by elkfersupper ( Member of the Original Defiant Class)
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To: IBD editorial writer
The cause of this rate shock is simple: ObamaCare imposes what is called "community rating" on insurance companies, effectively forcing them to charge the young and healthy more so they can charge older and sicker consumers less.

Perfectly reasonable under a socialist economic system
7 posted on 02/21/2013 4:14:15 PM PST by slumber1 (Don't taze me bro!)
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To: goldstategop

My grandad who’s healthy as a horse at 74 dropped his part B after ten years (got on it at 62) - never used it. It was priced at that time at $97/mo had paid in over $11,000 for nothing. He’s only on hypertension medication at $10 for a three month supply at Walmart. That’s it. He just told me in another year or two the price of part B will rise to $210 a month. This is what Obamacare will be like.


8 posted on 02/21/2013 4:23:05 PM PST by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
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To: slumber1

So, when you’re on Obamacare, what doctors will you see?

I’d bet that by March of 2014, there won’t be a single doctor in the USA that will accept a new Medicaid or Medicare patient.


9 posted on 02/21/2013 4:24:13 PM PST by CarmichaelPatriot
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To: CarmichaelPatriot

They’ll have to take a cut to their income or become salaried state employees.

Doctors will take the path of least resistance.


10 posted on 02/21/2013 4:27:11 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: IBD editorial writer


11 posted on 02/21/2013 4:29:50 PM PST by Iron Munro (I miss America, don't you?)
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To: Iron Munro

Free SNAP, free SSI and free health care.

What’s not to love?

Unless you miss the old America that died November 6th, 2012 and is never coming back again.


12 posted on 02/21/2013 4:32:16 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: IBD editorial writer

my bro had to drop his companies O-care cause it was going to cost him 20 grand a year. Using his wife’s. If we don’t get insurance we are fined a grand a year. hmmm.


13 posted on 02/21/2013 4:34:08 PM PST by huldah1776
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To: Repeat Offender

Yeah, it was sheer genius to enshrine the death of the tenth as well as saddle the nation with an enormous tax and cost increase. I keep hearing that we conservatives get even more back with his decision but the trouble is that no one can give me an example. Giving the federal government unlimited power is supposed to be conservative?


14 posted on 02/21/2013 4:37:31 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: huldah1776
my bro had to drop his companies O-care cause it was going to cost him 20 grand a year.

Company's subsidized premiums increased to 20K/year even before Obamacare provisions go into effect (Jan. 1st, 2014)? That's hard to believe. I can buy a commercial individual policy right now including Rx coverage for a family of four for $700/month and with no high deductible.

15 posted on 02/21/2013 4:39:20 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: steve86

Too much.... in my 20s, I paid $80 a month for HMO health insurance.

$700 a month for a family of four is paid only by suckers. You’re better off on state Medicaid, depending on whether you qualify for it with your income.


16 posted on 02/21/2013 4:51:03 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: steve86

hard to believe but true. might have to do with my sister-in-laws previous battle with breast cancer? I’ll tell him about the commercial option. Thanks.


17 posted on 02/21/2013 4:52:33 PM PST by huldah1776
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To: goldstategop

I should have qualified the quote: we are in our late 50s with two young dependents. Whole different ball game from “in my 20s”. That was the lowest commercial quote I found. Though we don’t qualify for state Medicaid because of necessary withdrawals from my IRA, we did end up on a state plan (they call it a “transition plan”). No idea what is going to happen next year or what our premiums will be.


18 posted on 02/21/2013 4:58:51 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: huldah1776

These things vary a huge amount from state to state. Easily a factor of 4 for premium cost. Next year Obamacare will “improve” matters and they’ll all be at the higher rate or higher.


19 posted on 02/21/2013 5:03:59 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: freedomfiter2

Four other judges voted the same as Roberts. It seems wrong, somehow, to hold the only judge, whose vote isn’t predictable on the basis of ideological orientation, accountable for any SCOTUS ruling you don’t like.


20 posted on 02/21/2013 5:34:04 PM PST by USFRIENDINVICTORIA
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