Obamacare fail! Affordable Care Act not so affordable.

still with the blogs..............You'd fail an English class research paper

 

my latest medical bill (mind you, I suffer from life threatening illness) = $ 0.00


Thank you President Obama!

 

It looks like most Obamacare enrollees already had prior insurance. Only 11% of enrollees were uninsured. Doesn't look like it is working as intended to cover the uninsured. Most cannot afford it.

Most ObamaCare enrollees already had health plans, report says:

The majority of the more than 2 million Americans who signed up for health insurance under ObamaCare through the end of December were already enrolled in employer-sponsored plans or had previously bought their own coverage, The Wall Street Journal reported Friday.

Early data from insurers, brokers and consultants suggest that the marketplaces are popular with consumers who were previously covered elsewhere, raising questions about a law intended to expand coverage to millions of healthy, uninsured Americans to help offset costs.

A survey by management consulting firm McKinsey & Co. found that only 11 percent of consumers who purchased new coverage under ObamaCare were previously uninsured. The survey was based on a sampling of 4,563 consumers between November and January, according to The Wall Street Journal.

HealthMarkets Inc., an insurance agency that signed up about 7,500 people in exchange plans, reported that 65 of its enrollees had prior coverage, the report said. Fifteen percent of enrollees had their individual plans canceled, and 40 percent switched over from previous individual plans.

"One of the intents of the law was to address the uninsured problem in our country," David M. Cordani, chief executive of insurer Cigna, told the newspaper. Some insurers said the early data on newly insured consumers is falling short of expectations.

Insurers in Michigan expected 400,000 of the state's 1.2 million uninsured people to join private plans this year, according to an analysis provided Michigan-based Priority Health. As of the end of December, only 76,000 people had signed up, many of whom were previously covered, according to the report.

"I don't know we're growing the number of people with insurance here, so much as we're just adding complexity," Geoff Bartsh, vice president for policy at Minneapolis-based Medica Health Plans, told the Journal.

Federal health officials told the newspaper they don't yet know the number of people who have signed up for coverage through the exchanges who had insurance when they enrolled. Consumers have until the end of March 31 to purchase plans under ObamaCare.

"We are in the middle of a sustained six-month open-enrollment period, and we have seen a strong interest in the product overall across the range of demographics so far," said Aaron Albright, a spokesman for the Centers for Medicare and Medicaid Services. "We are ramping up outreach activities so that more Americans learn how they can now benefit from affordable health insurance."

Overall, adults ages 55-64 were the most heavily represented in the signups, accounting for 33 percent of the total. Nationwide, the premiums paid by people in that demographic don't fully cover their medical expenses. Some are in the waiting room for Medicare; that coverage starts at age 65.

Young adults from 18 to 34 are only 24 percent of total enrollment, the Obama administration said Monday in its first signup figures broken down for age, gender and other details. Enrolling young and healthy people is important because they generally pay more into the system than they take out, subsidizing older adults.

Source

 

Household income in 2014 equals $5000.00/yr and you are 28 years old (quote on the exchange).....

44% of poverty level
Not eligible for a subsidy as earn too
Health Insurance premium in 2014 (for a silver plan, before tax credit):$2,503 per year You could receive a government tax credit subsidy of up to:$0 per year
(which covers 0% of the overall premium) Amount you pay for the premium:$2,503 per year
(which equals 50.06% of your household income and covers 100% of the overall premium)

Says not eligible for Medicaid under Texas law.

So my Son gets no subsidy and his premium is 50% of his income

His deductible quoted for this policy is $5000,00 the amount of his annual income.

Therefore, he would be stupid to pay for this policy it will be more cost effective to pay out of pocket for his medical care costs.

This is what is happening to 1000's of young people that can't find good paying, full-time jobs even when graduating from college. Plus HHS formula for premium subsidy fails to take into account school loan payments, housing costs, car insurance, car payments, cost of food, electric and gas to name a few. They simply don't have the money to pay for this insurance especially these high deductibles.

 

Anyone who thinks they will be paying less for their health insurance is simply misinformed. For those currently uninsured and those who are 27+, it will likely be unaffordable.

And, Dems take credit for all of those up to 26 that now can be covered on their parents plans. But, most group health policies already allowed for that especially where the dependent was a full time student. My kids were already on our policy through age 26, so obamacare did nothing to help my kids who still attend college-post grad full time.

 

Obamacare is costing Americans dearly. With the looming insurance company bailout, it is one of the most expensive lame-ass ideas liberals have come up with. I hope it implodes and gets repealed.

 

That's the fault of Texas. The ACA created a new Medicaid eligibility category for childless adults like your son and significantly bumped up the federal contribution (to 100% for the next few years, in fact) to costs incurred by people who qualify under that category.

Texas has opted not to take advantage of that category, and so someone making $5,000/yr finds himself ineligible for Medicaid.

 

another issue has arisen with ACA:
Signing Up For Obamacare Increases Your Chances Of Being Audited
January 23, 2014 by Ben Bullard

Need another reason to stay away from Obamacare? How about the fact that signing up for health insurance through Healthcare.gov or any of the State-run insurance websites is likely to compound your chances of being targeted for an audit by the Internal Revenue Service?

Thanks to the Affordable Care Act’s reliance on the IRS to enforce Americans’ compliance with its insurance mandate, the agency has hired 2,000 additional agents to pore over individual filing statements. And, unlike IRS audits of the past, they will have access to more non-financial information about their targets than ever before — thanks to Obamacare.

In particular, qualifying for a government subsidy to bolster your insurance premium payments places you under significantly greater scrutiny. In a report released last month titled “5 Ways The IRS Will Enter Your Life Under Obamacare,” the Foundation for Government Accountability examined how Obamacare will introduce unprecedented government intrusions into Americans’ private lives.

Here’s just a sampling:


Enrolling in an exchange plan and taking the Obamacare tax credit leaves you even more vulnerable to an audit by a newly-empowered IRS. Similar high-dollar tax credits have resulted in a greater likelihood of being targeted for an IRS audit. For example, almost 70 percent of the families that have participated in the adoption tax credit have been subject to an IRS audit. These audits routinely last years and can be costly.

The IRS’s own national taxpayer advocate, Nina Olson, highlighted serious problems in how the IRS ran its audit process for the adoption credits. She also warned that the risk and harm to citizens as a result of that program will pale in comparison to the potential impact on your finances during administration of the ObamaCare tax credits. Ms. Olson has publicly stated that she is concerned the IRS will not be able to “administer the new health care credits and penalty taxes in a fair and compassionate way.”

Continuing with the adoption credit comparison, Olson predicted Obamacare will necessarily expand the size and scope of the IRS, if there’s to be any hope the agency doesn’t repeat previous mistakes in enforcing the adoption code.

“[T]he IRS’ implementation of the expanded adoption credit does not bode well for its implementation of the premium tax credit….If the IRS does not take the time to learn from its adoption credit experience and be thoughtful about how it administers future refundable credits, it may face problems with the [Obamacare] Premium Tax Credit — including high examination rates — that will overwhelm IRS resources and severely burden taxpayers,” she wrote.

If an actual IRS employee is that concerned about the agency’s own ability to keep pace with Obamacare — to say nothing whatsoever of enrollees’ actual concerns about privacy and security — it’s no wonder the Foundation for Government Accountability advises potential enrollees to think twice.

“Individuals must be fully aware of the relationship they are entering into with the IRS before they enroll in an exchange plan,” the report concludes. “Time will tell if the IRS’s troubling history of implementing other tax credits will resurface under the massive health insurance tax credit program.”

Editor’s note: If you have bought or tried to buy health insurance through the Obamacare exchange, we want to hear from you. Please tell us about your experience. Was the site easy to access and easy to navigate? Were the prices you found what you expected or too high, or were they lower than you expected? Were the coverage options too inclusive, just right, not inclusive enough? Are you concerned about the security of the private information you submitted? Email your experience to freedomwatch@personalliberty.com. We’d love to hear from you your thoughts on Obamacare.

http://personalliberty.com/2014/01/...care-increases-your-chances-of-being-audited/

It just keeps getting better and better................now the Socialist Libs are going to understand better and better

 

No, if Medicaid isn't an option and the insurance quoted through the exchange is not affordable, the individual should be qualified for a subsidy as per the regulations. The ACA act never said that if you aren't eligible for Medicaid and can't afford the premiums quoted through the exchange, you are not eligible for a subsidy. These are the very people that should receive a subsidy. And even if a state expanded Medicaid it still doesn't mean that all who apply for Medicaid will be covered. And, by the way, even if you earn $10,000.00/yr you still be unable to afford insurance quoted through the exchange with or without a subsidy. In the case of my husband and myself who currently pay to insure ourselves and 3 employees; we could not afford the premium and deductibles for just ourselves as the cost is greater than we currently pay for our small employer group plan. AND, if our company drops our insurance in 2014 we and our employees will be thrown into the "unaffordable" exchange. Texas opted out because the cost was too high to the State and would force individuals who could currently afford health insurance that covered the benefits they needed(not maternity for young males and unmarried females, pediatric medical and dental when they have no children and preventative tests they don't need until their 30's or early 40's)into the Medicaid system for which payment is lower and fewer providers accept.

 

When a recent graduate continues on to graduate school or someone currently covered by a parents insurance plan turns 27, the ACA requires they purchase health insurance. Those still in school and those recent graduates unable to find jobs in their field of study will likely be unable to afford the insurance premiums quoted on the exchanges. If you don't believe me, go to healthcare.gov. Enter a scenario, #1. individual, student with zero income, age 27-28, no dependants. What options come up? Then increase the income in 10,000.00 increments, what options come up?

Then you tell me if this is going to help young adults, especially those forced to return to living with their parents after graduation because they can't find jobs that afford them independent living. Don't blame States that didn't expand Medicaid, because, the PPACA was not about expanding a Social Program such as Medicaid, it was about, according to Obama and the Dems, reducing the cost of providing Medical Care(which it did nothing to do this) and lowering insurance premiums(which it has done just the opposite). It was passed on lies. Oh, and decreasing the number of emergency room visits by those who are uninsured is not going to happen so those with insurance will still be paying for these individuals, and now we and taxpayers will also be paying to subsidize others premiums, paying additional taxes on health services and durable equipment and paying for additional persons on Medicaid.

Anyone in their right mind can see why this law is just not going to do what they said it would.

oops! forgot to mention the bailout of Insurance Companies which was provided for in the PPACA but never mentioned until recently. It is going to happen and with our tax dollars. The necessity of it caused solely by the ill written bill. So another cost to taxpayers. Now Obama and the Dems bail out big insurance companies because these Companies cannot possibly keep writing policies that insure people with costly pre-existing conditions, pay 100% of tests such as mammograms and other preventative tests and treatment.

Think about the years you paid monthly health insurance premiums and never met your deductible, yet your insurance went up, why? because a large number of others either went to the emergency room and where uninsured or a large number of insureds in your "pool" had costly medical care. Now under PPACA, this scenario is going to double or more.

Instead of bailing out the Insurance Companies, whom Obama and the Dems have also opposed; why aren't they helping more citizens and small businesses who simply can't afford the premiums even with the subsidies?

 

Obama bribed the Insurance Companies to go along with ACA by offering them bailouts. Why? Because will the changes mandating coverage for pre-existing conditions, 100% for so called preventative care and the unlikely hood that insurance companies would make up their losses by increasing the number of healthy insureds was grim.

Those of us with small business group health insurance and affordable individual policies were sold out. The big companies win. The overall health care system and it's providers are big losers. The Dems idea of lower the cost of providing health care is simply to cut payments to those that provide it. The problem is the cost of providing it continues to rise.