Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Now That Obamacare Has Passed, Here's What It's Going To Cost You
Business Insider ^ | Jun. 28, 2012, 11:54 AM | Mandi Woodruff

Posted on 07/23/2012 9:31:53 AM PDT by Fawn

Now that President Obama's health care overhaul has won the last stamp of approval from the U.S. Supreme court, the question you're probably asking is, Who's going to pay for it?

The Affordable Care Act will extend health care coverage to some 30 million uninsured consumers along with an expansion of Medicaid services. It also promises a slew of tax credits for small business and middle-income families to help offset the costs of mandatory coverage.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Extended News; Front Page News; Government; Politics/Elections
KEYWORDS: 2012; democrats; obama; obamacare; socialisthealthcare
As I was listening to co-workers ecstatic over Obama care because of pre-existing conditions and covering everybody, I tried to find an article on how much it would cost individuals with income under #200,000. But, no one seems to know. It certainly would help in changing minds and waking people up.
One co-worker says she would not mind paying MORE so that everyone could be covered and hates the selfish people who only want coverage for themselves.

Anyone have any idea what it's going to cost a single/family for coverage? All I find is articles on 'penalty fees'....which is useless.

1 posted on 07/23/2012 9:31:55 AM PDT by Fawn
[ Post Reply | Private Reply | View Replies]

To: Fawn

At a minimum, your cost will double. And that is real cost, you must adjust for inflation to get your dollar amount.

Also, your access to health care will be significantly reduced, as you can not increase demand by 25% with the same infrastructure. More folks demanding to see the same number of doctors = huge delays for everyone.


2 posted on 07/23/2012 9:58:22 AM PDT by wrench
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fawn

I have no idea, and don’t think anyone else does either, NOT YET anyway. I received this email, it does a super job of explaining Obamacare. This video should be a campaign ad for Republicans. Pass this one on.

http://www.youtube.com/watch_popup?v=HcBaSP31Be8&vg=medium


3 posted on 07/23/2012 10:02:54 AM PDT by annieokie
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fawn

Almost no one is aware that selling their home mandates a 3.8% obamacare tax ON TOP of the normal sales tax we’ve always paid. This starts before Romney is inaugurated in January.

If you’re selling your home after january 1st, be prepare to pay an extra $9,500.00 to pay for sloths to get “free healthcare.”


4 posted on 07/23/2012 10:04:02 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fawn
Business Insider has no idea - a comment like this one below is just stupid.

Much of the cost burden will be shouldered by the health care industry and employers that provide workers with insurance.

Because health insurers and employers will just keep all those costs themselves, and it won't change their costs, or hiring behavior one bit! Right!

5 posted on 07/23/2012 10:23:12 AM PDT by PGR88
[ Post Reply | Private Reply | To 1 | View Replies]

To: annieokie

Wow—passing this on. Thanks...


6 posted on 07/23/2012 10:24:48 AM PDT by Fawn (DEAR JESUS....PLEASE LET OBAMA LOSE.....AMEN.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: subterfuge; PGR88

Thanks for the info. Shocking about the house tax :(


7 posted on 07/23/2012 10:26:43 AM PDT by Fawn (DEAR JESUS....PLEASE LET OBAMA LOSE.....AMEN.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: subterfuge

The 3 % is after the first 250K I understand.


8 posted on 07/23/2012 10:31:41 AM PDT by Chickensoup (STOP The Great O-ppression)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Fawn
I sent it out to all in my email address book. I call it Obamacare 101 for Dummies.

Meaning that none of us know what is really in that BILL, but this video breaks it down giving the bill's page source so it can be verified, if desired.

This VIDEO should go out in ALL FREEPERS emails.

I know Democrats that voted for this Abomantion, but WILL NOT AGAIN. Thing is THEY WERE WARNED BEFORE THEY VOTED. It was the "D" behind the name.

9 posted on 07/23/2012 10:42:48 AM PDT by annieokie
[ Post Reply | Private Reply | To 6 | View Replies]

To: Fawn

The link below describes the impact of the surtax and the expiration of the Bush tax cuts for single filers and couples at the cutoff for the top bracket.

http://www.savantcapital.com/blogs/SAVANTips.aspx?id=4294969764

With respect to people with incomes below $200K, most of the impact will be changes in the premiums and copays of your employer plan or your private plan. Given the wide disparity in these types of plans it is difficult to project the final impact. The law encourages employers to choose low end plans so the individual/family may find their premiums stay the same or decline while their copays and deductibles rise dramatically. The other unknown is how the increased taxes on insurance companies and pharmaceutical companies will be passed through to the consumer. Certainly drug prices will rise so big pharma can recoup higher costs. Insurers will either raise premiums, reduce benefits, raise deductibles or adjust copays. There are so many variables it is difficult to project the impact on an individual.

Remember Obamacare requires plans to provide “free” services that benefit specific consumer (i.e. free contraception to women and coverage for abortions). People who do not consume these services will pay higher premiums to cover those who do. The ultimate impact of these “free” services on total costs is not know but the history of economics shows when people are given something at no cost, they will use more of it.

At this point it is fair to say those with incomes below $200K will experience some combination of rising premiums, higher copays, deductible increases, and drug costs rising. Likely the most challenging aspect of full implementation of Obamacare will be the addition of 30 million or more people who are currently uninsured to the system. The Massachusetts experience with Romneycare suggests a shortage of healthcare services will occur with the addition of more consumers having subsidized care. One intangible incremental “cost” average middle class consumers pay will be increased wait times for services and the provision of services by lower skilled health care workers (nurse practitioners and physician assistants instead of licensed physicians). No doubt for some critically ill patients, or patients with undiagnosed critical illnesses, the increased wait times or failure of less skilled providers to properly diagnose conditions will result in premature death. Rationing of critical services to seniors, which undoubtedly will occur due to both mandates from government and shortages of skilled workers, will also result in premature death. In the end, the out of pocket financial outlay for premiums, copays, and deductibles may not be the price consumers need to worry about.


10 posted on 07/23/2012 10:47:20 AM PDT by Soul of the South
[ Post Reply | Private Reply | To 1 | View Replies]

To: annieokie

Crap. I passed this on, but now I am checking his page numbers and statements against the bill (like my co-workers will)- and they do not MATCH?


11 posted on 07/23/2012 10:50:00 AM PDT by Fawn (DEAR JESUS....PLEASE LET OBAMA LOSE.....AMEN.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: subterfuge

Your post is incorrect.

The tax is NOT a transfer tax on real estate sales and similar transactions. Not long after the tax was enacted, erroneous and misleading documents went viral on the Internet and created a great deal of misunderstanding and made the tax into something far more draconian than the actual provisions.

Here is the explanation:

http://www.realtor.org/articles/38-tax-to-go-into-effect-in-2013


12 posted on 07/23/2012 10:50:12 AM PDT by nascarnation
[ Post Reply | Private Reply | To 4 | View Replies]

To: subterfuge
I heard about that tax. I am just wondering WHY? Why isn't Romney using this stuff and the entirety of the Obamacare in his campaign.

Even though Romneycare was the blueprint for it, I can't believe Romneycare is STUFFED with all the hidden taxes. Am I wrong?

This is the winning argument for Romney, if he DARES to use it, break it down in his ads for all to understand. Maybe some SUPER PAC can do this for him.

This election will be won on JOBS, the Economy, TAXES and Obamacare and it's hidden taxes.

13 posted on 07/23/2012 10:51:14 AM PDT by annieokie
[ Post Reply | Private Reply | To 4 | View Replies]

To: Fawn
NO? OMG, I sent it out as well.

I did not check it. Where is it wrong?

14 posted on 07/23/2012 10:54:32 AM PDT by annieokie
[ Post Reply | Private Reply | To 11 | View Replies]

To: annieokie
Wait, there is hope. There are several versions...so maybe the video is of an old one?
15 posted on 07/23/2012 10:57:42 AM PDT by Fawn (DEAR JESUS....PLEASE LET OBAMA LOSE.....AMEN.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Fawn
SOB :(

page 29 lines 4-16 health care bill

page 30 section 123

I'm just going to stay out of it from now on...there seems to be no facts out there...all lies and slants!

16 posted on 07/23/2012 11:11:05 AM PDT by Fawn (DEAR JESUS....PLEASE LET OBAMA LOSE.....AMEN.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: annieokie

See my post....looks like this guy just made it up.


17 posted on 07/23/2012 11:12:03 AM PDT by Fawn (DEAR JESUS....PLEASE LET OBAMA LOSE.....AMEN.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: annieokie
Fact Checker :(
18 posted on 07/23/2012 11:16:11 AM PDT by Fawn (DEAR JESUS....PLEASE LET OBAMA LOSE.....AMEN.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Fawn

You have to pay for it before you can find out what’s in it.

Just send in everything you have, and everything your children, grandchildren, and great-grand-children will ever have. That will be a good start.

Signed, Barack


19 posted on 07/23/2012 11:19:47 AM PDT by EternalVigilance (Those who support the lesser of two evils have already succumbed to the greater evil.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fawn
Just looked FactChecker over. I guess what comes to my mind is who is doing this analysis for Fact Check, would they have a MOTIVE to debunk this? Is Fact Check ALWAYS right?

There is enough in that BILL the scare the begeebies out of anyone, sure does me.

This Administration has a way of playing with words, i.e. "it's a penalty fee, no it's a Tax" in regards to the Mandate. What is to say they are not playing with words in all the rest, I tend to think this is the case. That bill is slicker than Mercury, the wording can/maybe changed at their will to mean whatever.

We will just have to READ the bill, haha, No wait, we will just have to let is all slip up on us one item at a time to find out what it means. I give up.

I'm not arguing with you Fawn, just thinking out loud. lol. Thanks for your assistance on this.

20 posted on 07/23/2012 11:35:32 AM PDT by annieokie
[ Post Reply | Private Reply | To 18 | View Replies]

To: Fawn
Now That Obamacare Has Passed, Here's What It's Going To Cost You:

Your freedom, your privacy, your choices, your wallet, your current health insurance, your health, your life.

21 posted on 07/23/2012 11:41:39 AM PDT by tnlibertarian (Government's solution to everything: Less freedom.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fawn

“As I was listening to co-workers ecstatic over Obama care because of pre-existing conditions and covering everybody, I tried to find an article on how much it would cost individuals with income under #200,000. But, no one seems to know. It certainly would help in changing minds and waking people up. One co-worker says she would not mind paying MORE so that everyone could be covered and hates the selfish people who only want coverage for themselves. Anyone have any idea what it’s going to cost a single/family for coverage? All I find is articles on ‘penalty fees’....which is useless.”

You have to divide it up into three groups:

MEDICAID

Obamacare greatly increases the scope of Medicaid coverage. About 20 million additional people will be covered under Medicaid. Under Medicaid, coverage/insurance is free. So about 1 in 6 Americans will be getting free health care.

BETWEEN 133% of the POVERTY LEVEL AND 400% OF THE POVERTY LEVEL

In this range, you might get coverage from your employer. More likely most employers will drop coverage and take the penalty. If that happens, you have to go to one of the insurance exchanges, where you can buy one of only three insurance plans permitted, Bronze, Silver and Gold. What must be covered in each type of plan will be set and changed by Dept HHS regulations.

How much these plans will cost is difficult to project. First, the cost has not been set. Second, gaming of the system by people who don’t buy insurance until they need it greatly increases the cost of these plans. If they get sick, they buy insurance and they cannot be turned down because they are sick. Third, you have to take into account income. Up to 4x the poverty level ($88,000) and you receive a subsidy for your insurance plan. The more money you make, the greater the subsidy.

GREATER THAN 4x POVERTY LEVEL

You or your employer or both just have to pay the price for a Bronze, Silver or Gold plan. How much that will be is anyone’s guess. The experience in Massachussets has not been encouraging. When the MA bill was passed, experts predicted premiums would go down. Instead, they have gone up 25-30%. The most likely factor in the increase is that people are gaming the system (see above) at a much higher rate than expected. In addition, MA wait times are the highest in the country. To get into see a doctor, the average wait is 45 days, last numbers I saw. So for the NON-Medicaid people, prices are going up and service is going down.

That said, the folks above $88,000 are obviously going to be subsidizing folks under $88,000 extensively, either thru higher premiums, higher taxes or higher federal deficits.

OTHERS HIT HARD

The other folks that are hit the hardest will be doctors, the folks under 133% of the poverty level, for whom Medicaid will be the only option.

In Medicaid, it has been irresistible for the feds to reduce costs by reducing reimbursements to doctors. That has been a steady trend since the 1980’s. It will only get worse as Medicaid expands. That’s why Medicaid patients have a very hard time finding doctors who will treat them, many doctors are losing money given the reimbursements they expect. So both doctors and poor people will be hurt badly with respect to Medicaid patients.


22 posted on 07/23/2012 11:58:10 AM PDT by ModelBreaker
[ Post Reply | Private Reply | To 1 | View Replies]

To: annieokie
No, I know exactly what you are saying.
I'm just going to keep silent about it now.....wish I could get my hands on the guy who did the video. Yes, thank GOD even some of it is true or half true. I think the death panels, and gov't intervention into our bank accounts, and more EVIL is overall... TRUE.
23 posted on 07/23/2012 12:24:52 PM PDT by Fawn (DEAR JESUS....PLEASE LET OBAMA LOSE.....AMEN.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: tnlibertarian

YUP!


24 posted on 07/23/2012 12:26:12 PM PDT by Fawn (DEAR JESUS....PLEASE LET OBAMA LOSE.....AMEN.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: ModelBreaker

Thank you...


25 posted on 07/23/2012 12:39:25 PM PDT by Fawn (DEAR JESUS....PLEASE LET OBAMA LOSE.....AMEN.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Fawn
"""I'm just going to keep silent about it now"""

I'm with you on this. Whatever harm or good from that video will have to stand on its on. At this point, I believe there is some validity in there.

The Obamacare bill is whatever the Administration says it "is" at the moment. So we will never know the meaning of "IS".

thanks and good day.

26 posted on 07/23/2012 12:58:34 PM PDT by annieokie
[ Post Reply | Private Reply | To 23 | View Replies]

To: nascarnation
From the Website:

""The 3.8% tax is imposed ONLY on those with more than $200,000 of Adjusted Gross Income (AGI) ($250,000"""

This TAX the RICH is still BAD and will effect all of us in the long run. Tax on their investments, means they will have less to invest that could benifit all, am I wrong?

27 posted on 07/23/2012 1:07:29 PM PDT by annieokie
[ Post Reply | Private Reply | To 12 | View Replies]

To: annieokie

I agree with you 100%.

I just wanted to correct the misinformation on the earlier posts. I’ve seen that false email on FR at least 20 times.

Obamacare is bad enough as it was actually passed.


28 posted on 07/23/2012 1:14:05 PM PDT by nascarnation
[ Post Reply | Private Reply | To 27 | View Replies]

To: nascarnation
I knew you agreed. lol Just wanted that TAX the RICH statement out there in case others didn't go read it.

I get these Obama things in my email two or three times a day. What are my fiends thinking? How many times does this stuff have to be told, we all know. I just DELETE and tell them to STOP ruining my day with Obama CRAP (pun intended).

There is nothing on the face of this earth that will keep me from voting AGAINST Obama.

29 posted on 07/23/2012 1:50:20 PM PDT by annieokie
[ Post Reply | Private Reply | To 28 | View Replies]

To: annieokie

bfl


30 posted on 07/23/2012 7:30:00 PM PDT by pigsmith (My 'carry' permit was issued December 15, 1791)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Fawn
What if:

1. I'm over 65
2. I don't have health insurance because I never go to doctors, and it would be a waste of money to buy something I wouldn't use more than once every five or six years?
3. I'm on a fixed retirement income and won't be able to afford to buy it??

31 posted on 07/23/2012 8:46:54 PM PDT by redhead (C'mon, Inner Peace...I don't have all day...)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson