The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Hayseed Discovers Sticker Shock||Date: 10/31/2013 4:03 PM|
|Author: 2828||Number: 703384 of 778189|
....and finds someone else to sock it to.
What I mean by substandard is this. We’ve been hearing people complain that the Obamacare-approved policies cover too much, not too little. That’s part of the reason premiums are higher. But from my view, a higher monthly premium along with higher copays create a disincentive. Paying more to see a doctor means there’s less chance I’'ll use that service unless I’m absolutely desperate.
All of this isn’t simply idle hand-wringing. If young healthy people like myself feel we’re being taken advantage of, and opt out of purchasing insurance -- paying the penalty instead -- the healthcare exchanges will collapse. (The penalty in year one for opting out is only $95 or 1% of your salary, whichever is higher -- far less than the cost of even the most basic insurance plan.)
When Obamacare comes fully online, it will do wonders to provide healthcare for people who were not eligible for Medicaid but still could not afford health insurance. If this system is going to be sustainable, however, we’re going to need to find a way to get older and wealthier Americans to chip in more. Because, right now, it’s young, middle-class people just outside the subsidy range who are biting the bullet. Young, middle-class people who already bore the highest toll in the recent financial collapse, who have seen our wages sliced and our job prospects dwindle.
You can only ride our backs for so long before we’re going to tell you enough is enough.
So, he was happy with his insurance before, now he's getting clobbered with higher premiums, so instead of seeing what a diaster the "Affordable" Care Act is he wants someone else to pay for it. What if the person he wants to pay for it wants him to pay for it? Instead of seeing the unfairness they take the unfairness and want to shift it onto someone else, it's all too taser worthy.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|