Posted on 10/30/2017 10:03:41 AM PDT by Cheerio
President Donald Trump’s decision earlier this month to end federal subsidies to insurance companies on the Obamacare exchanges will, ironically, allow many more individuals to qualify for free health insurance.
The Wall Street Journal noted Friday: ” When sales of plans on the law’s exchanges begin Nov. 1, a growing number of consumers around the country will be able to get coverage for 2018 without paying any monthly premium … because they qualify for larger federal premium subsidies that cover the full cost of a plan, according to the new analysis.”
Obamacare provides subsidies to individuals making up to about $48,000 per year. Because Obamacare links those individual subsidies to the price of the second-highest Obamacare option, i.e. the Silver Plan, when the price of insurance goes up, so do the individual subsidies, meaning that some customers will qualify for “no-premium” plans.
Insurance companies are eager to enroll “no-premium” patients, because they will still be paid by the federal government even if the enrollees contribute nothing to their own insurance premiums.
(Excerpt) Read more at breitbart.com ...
If by "free" you mean paid for by somebody else.
We live in CA and ur 2018 Monthly Health Insurance Premium just went up to $2090 for two Adults in their early 60’s.
That does include Dental and Vision Coverage ($120) so I guess we’re getting a great deal after all.
It actually shocked me that it only went up $100 from what we are paying right now.
Can anyone here define the word “free”? Just askin’...
BTW - That is for an HNO, not a PPO.
People on both sides are ignoring this point: Does frew equal terrible? How good are these plans?
By the government, so yes taxpayers are footing the bill.
This applies to all states, not just California.
The difference is that the insurance company subsidies wasn’t authorized by law and was an unconstitutional executive action by Obama.
The individual subsidy based on price is authorized by law.
I work - far more than 40 hours a week - and so don't qualify for Medi-Cal. My only other private insurance option is PPOs i.e. Blue Cross/Blue Shield, which starts at $600/month (with a huge $6K-plus deductible) which is completely unaffordable. Yet I am forced by law to buy insurance, which in my case is the subsidized Obamacare, also with a huge $6K deductible.
I get that the government and the insurance companies have colluded to jack insurance rates out of control because they have altered the free market to make medical care artificially expensive. Understood.
I am forced by law to buy insurance, yet the only affordable insurance option is Obamacare. By design. So consider this before you condemn we the subsidized.
Look into the Christian healthcare alternatives...
I’ve thought about that, but I don’t meet their Christian requirements. Thanks.
There is no such thing as “free” insurance. Somebody pays for it. Isn’t not paying for someone else’s insurance at least as important as someone receiving “free” insurance?
2018 plans are viewable without logging on to the healthcare.gov website. I played around with a few different scenarios for a 60 year old with subsidies. The cheapest bronze plan near the subsidy cutoff actually had premiums near free. The unsubsidized premium is around $850 a month. That type of plan pays nothing until the ~$7K deductible is met. In years past, that person might have to pay ~$200 a month. I am not sure how the metrics of this changed.
A silver plan with lower deductibles and more goodies like $30 doctor visits costs ~$1250 a month unsubsidized, $250 subsidized. I suspect this was done to attract more people in 250% to 399% FPL range, since very few people in that range sign up for care.
I appreciate the information, but my point was NOTHING IS FREE.
Somebody is paying for it but they will never get the credit, like the Evil Rich paying 90% of all the Income Taxes Collected.
As an aside, I just heard that the Gas Tax in CA will be increasing by $.12 a Gallon tomorrow. I wonder who will be impacted most by it? Liberal Utopia isn’t cheap you know.
I’ve read articles that people are better off if they take an active roll in their health than relying on free medicaid. Now that Obamacare has been around for awhile people that live paycheck to paycheck want Obamacare around as a backup if they lose their jobs, etc. They don’t realize they are paying more now for that “free” or subsidized plan if they lose their employer plan.
That’s a monthly premium? Ouch!
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