Skip to comments.Obamacare Needs 7 Million People Sign Up Or It Goes Under
Posted on 10/21/2013 6:16:30 AM PDT by alexmark
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I enrolled in my state plan using paper form. Already approved and we received new insurance cards last week (effective 1/1/2014).
“Then, Ill get Obamacare. They cant refuse you for a pre-existing condition. This was part of the Death Spiral concern insurance companies had that people would get sick, buy insurance, get well and drop it. Ill contribute to the Death Spiral.”
The problem with that thinking is that there is a window of time for enrollment and if your need for medical care is not within that window, you are SOL.
This is 100% democrat created.
Don’t even think about trying to blame this on the TEA Party, republicans, or anyone on the right.
“The problem with that thinking is that there is a window of time for enrollment and if your need for medical care is not within that window, you are SOL.”
I suspect you’re going to see a lot of medical touristing. Also, I expect that many doctors will fire their insurance staff and go cash-only. I’ve read that’s happening in Massachusetts. (I’ve also read that Mass. is considering pulling the license of any doctor who won’t take Romneycare.) But I intend to do my part to make Obamacare fail.
Isnt there some way to really force people who really dont need Obamacare to sign up for it anyway, to make the system work, to fund it?
That’s how social security and medicare work so great now.
OK,So my guess is they will fall back on paper.Bet they do a giant mail out.Just a guess.
The penalty is phased-in over a three year period.
In 2014, the penalty will be the greater of 1.0% of taxable income or $95 per adult and $47.50 per child (up to $285 per family).
In 2015, the penalty will be the greater of 2.0% of taxable income or $325 per adult and $162.50 per child (up to $975 per family).
In 2016, the penalty will be at the greater of 2.5% of taxable income or $695 per adult and $347.50 per child (up to $$2,085 per family).
For Obamacare to work it must have the young and healthy sign up. The young and healthy will be fools to sign up. The penalty for not having insurance is very small compared to the cost of the policies and in particular if you are well paid as you will not get a subsidy.
Since there is a no preexisting exclusion in the Obamacare law, if you have a catastrophic illness all you need to do is sign up for Obamacare and you are home free.
The no preexisting exception is what will doom Obamacare.
Young people have a “bullet proof” philosophy about health. About the only reason they get health insurance is because it is free or they are afraid of great injury in an auto accident. Their premiums a low because of their good health.
The real way to look at it is, “Do you want to pay a small fine or have 5000 dollars to spend on whatever you want to spend it on.
OBAMA CARE WILL FAIL!
Naw. Just incompetence and bad planning. My guess is that the decisions were made by government employees for political reasons and suggestions and warnings from the technical people were ignored. By the time this got down the road a bit, the management of the contracting companies were just saying “no problem”, we’ll do it just EXACTLY the way you’ve asked. Just sign this cute little waiver.
I’m not certain they can deny you enrollment. The code provides for the fine (excuse me, tax) if you are uninsured for so many months of the year. So obviously, it assumes that you can remedy that at any time by getting insurance.
I think the problem is deeper than 7,000,000 enrollees. In order to be successful in reducing premiums—or merely to keep premiums within their current range in the private market, the enrollees can’t be an ‘adverse selection’ of applicants.
Adverse selection occurs when the only enrollees are those who have expensive prior ailments or those who don’t have to pay because they are poor.
Obamacare has to have millions of young, healthy invincibles’ who will pay premiums but won’t produce a lot of claims in order to work. If you get 7,000,000 people with either a continuing disease/illness or free coverage, then you have only burdened the system further with enrollees whose coverage will cost more than they pay for it.
Young folks who opt to pay the $95 penalty instead of paying monthly premiums won’t help the system at all.
This is fantastic! Is it possible to collect enough money to put this on a billboard somewhere? Would a company allow it? This ought to be plastered everywhere.
I wish they would be too, but most sheeple wouldn’t even get it.
My guess they'll charge you out the azz for it.
“My guess they’ll charge you out the azz for it. “
They have it price limited by some formulae. But, even if they do, it will only be until whatever problem is fixed. (Assuming they don’t go British Health Ministry on my *ss.)
You don't know much about human nature, I'm thinking. Sounds logical, but it won't happen. Most of us that have medical issues requiring periodic medical attention didn't get there by way of lifestyle.
Unfortunately you are right.