Skip to comments.On October 1, Obamacare's Price Tag Will Surprise Americans
Posted on 09/27/2013 7:19:03 AM PDT by SeekAndFind
The Affordable Care Act, commonly known as Obamacare, will move into the next phase of its gradual roll out next week. On October 1, the insurance exchanges will commence operations. These exchanges are supposed to be where people without insurance through an employer go to find health insurance. Some people will receive subsidies from the government on these policies while others will pay the full cost. Three big problems are likely to occur as more people are drawn into the Obamacare universe.
First, cost is likely to be a huge issue. As documented by Chris Conover here on Forbes.com, Obamacare will actually lead to many families paying more for their healthcare than they were before the law went into effect. This cost increase is not some trivial amount, but is estimated to run an average family of four between $650 and $1,000 per year over the next decade.
And that cost increase is not a piece of Republican propaganda. The estimates come from the Centers for Medicare and Medicaid Services; in other words these are the governments own estimates of what is going to happen under Obamacare. These cost increases are for total health care spending, Dividing by population and then multiplying by four yields the average impact on a family.
The impact of these cost increases will fall unevenly on people. Some of these costs will show up in the form of higher health insurance premiums, while other parts of the costs will appear in the form of income taxes, medical device taxes, and future interest payments on debt incurred to cover the costs paid for with additional government debt. Thus, not every family will see their insurance premium rise by the estimated amounts and not every family will pay higher taxes equal to their proportional share
(Excerpt) Read more at forbes.com ...
What’s bad is October 1st is only the beginning. the Unaffordable ObamaCare only gets worse once it has been “unveiled” or “rolled out” or whatever the hell they are going to do with it.
The “low-information voters” will be the most surprised of all.
They STILL have not gotten the word. I guess a fetch upside the head with a (white) elm club should finally get their attention.
Whether they understand the lesson then or not, is still problematic.
Then they will just see it as the employer being the bad guy.
Obama, of course, is not in anyway responsible. Funny, but we didn’t have these problems in 2006.
everyone needs to be asking about deductibles and copays.
gov’t is still keeping that info hidden.
Just giving out the monthly premium is misleading at best and an outright lie of omission most likely.
$146/mo sounds great until you find out ins pays 75% only after you’ve shelled out $6500 deductible.
This is why DELAY is our best option here. I’ve been seeing these signs for months now. And this article just confirms the fact that the average family is going to see a tremendous increase in health care premiums within the next 30 days.
Thanks to Obamacare.
And when that happens - every phone in Congress will not stop ringing with incensed demands by millions of Americans to STOP the ACA.
It triples in three years.
My source is the official notification I received from the Veterans Affairs med notice
Rand Paul is betting that his vote will be seen as anti shutting govt down.
Anyone who votes for anything that does not rail against this thing will be finished.
They think Ted Cruz was just doing some thing up there
Its a mistake to underestimate Sen Cruz.
Add to that all the taxes associated with it.
AND the phrase in the law “as the secretary shall determine” This gives the HHS secretary the power to change the law as she sees fit and allow them to make it up as they go. No accountability with full force of the IRS to back them up.
This is the ultimate program to reward your friends and punish your enemies, as baraq stated.
and those deductibles ?
Someone needs to ask Obozo when he will declare food and groceries a right. After all, we need sustenance for more often (let’s face it, every day) than we need healthcare. How long will it be until Obozo Nationalizes farms, orchards and grocery stores?? I foresee this Admin usurping as many industries as they can grab for as long as they are in power. Pray for our once great country.
Exactly Just the tip of the iceberg.
Some will find they cannot afford the Insurance and cannot afford the fine.
This is the most ridiculous POS law ever passed and foisted on the American people.
bingo! premiums are going higher despite the b.s., obama is spinning, but the hidden costs are the skyrocketing co-pay, co-insurance and deductibles
There is nothing about the price tag that will surprise me.
I have know since the beginning that if it is fully implemented, Obamacare and the ancillary and subsidiary “programs” it causes, will end up being the single most expensive government boondoggle EVER devised on this planet.
If health care is a right, then how a procedure needed to sustain life be denied, regardless of cost?
MAKE DC LISTEN: TELL YOUR SENATORS TO OPPOSE CLOTURE ON H.J. RES 59
We must oppose cloture on H. J. Res. 59, so that Harry Reid and Senate Democrats cannot sneak in funding for Obamacare. We need you to call your Senators right now: tell them to oppose cloture on H.J. Res 59 and remind them that a vote for cloture IS a for funding Obamacare.
State Senator Party Phone
AK Mark Begich D (202) 224-3004
AK Lisa Murkowski R (202) 224-6665
AL Jeff Sessions R (202) 224-4124
AL Richard C. Shelby R (202) 224-5744
AR John Boozman R (202) 224-4843
AR Mark L. Pryor D (202) 224-2353
AZ Jeff Flake R (202) 224-4521
AZ John McCain R (202) 224-2235
CA Barbara Boxer D (202) 224-3553
CA Dianne Feinstein D (202) 224-3841
CO Michael F. Bennet D (202) 224-5852
CO Mark Udall D (202) 224-5941
CT Richard Blumenthal D (202) 224-2823
CT Christopher Murphy D (202) 224-4041
DE Thomas R. Carper D (202) 224-2441
DE Christopher A. Coons D (202) 224-5042
FL Bill Nelson D (202) 224-5274
FL Marco Rubio R (202) 224-3041
GA Saxby Chambliss R (202) 224-3521
GA Johnny Isakson R (202) 224-3643
HI Mazie K. Hirono D (202) 224-6361
HI Brian Schatz D (202) 224-3934
IA Chuck Grassley R (202) 224-3744
IA Tom Harkin D (202) 224-3254
ID Mike Crapo R (202) 224-6142
ID James E. Risch R (202) 224-2752
IL Richard J. Durbin D (202) 224-2152
IL Mark Kirk R (202) 224-2854
IN Daniel Coats R (202) 224-5623
IN Joe Donnelly D (202) 224-4814
KS Jerry Moran R (202) 224-6521
KS Pat Roberts R (202) 224-4774
KY Mitch McConnell R (202) 224-2541
KY Rand Paul R (202) 224-4343
LA Mary L. Landrieu D (202) 224-5824
LA David Vitter R (202) 224-4623
MA Edward Markey D (202) 224-2742
MA Elizabeth Warren D (202) 224-4543
MD Benjamin L. Cardin D (202) 224-4524
MD Barbara A. Mikulski D (202) 224-4654
ME Susan M. Collins R (202) 224-2523
ME Angus S. King I (202) 224-5344
MI Carl Levin D (202) 224-6221
MI Debbie Stabenow D (202) 224-4822
MN Al Franken D (202) 224-5641
MN Amy Klobuchar D (202) 224-3244
MO Roy Blunt R (202) 224-5721
MO Claire McCaskill D (202) 224-6154
MS Thad Cochran R (202) 224-5054
MS Roger F. Wicker R (202) 224-6253
MT Max Baucus D (202) 224-2651
MT Jon Tester D (202) 224-2644
NC Richard Burr R (202) 224-3154
NC Kay R. Hagan D (202) 224-6342
ND Heidi Heitkamp D (202) 224-2043
ND John Hoeven R (202) 224-2551
NE Deb Fischer R (202) 224-6551
NE Mike Johanns R (202) 224-4224
NH Kelly Ayotte R (202) 224-3324
NH Jeanne Shaheen D (202) 224-2841
NJ Jeff Chiesa R (202) 224-3224
NJ Robert Menendez D (202) 224-4744
NM Martin Heinrich D (202) 224-5521
NM Tom Udall D (202) 224-6621
NV Dean Heller R (202) 224-6244
NV Harry Reid D (202) 224-3542
NY Kirsten E. Gillibrand D (202) 224-4451
NY Charles E. Schumer D (202) 224-6542
OH Sherrod Brown D (202) 224-2315
OH Rob Portman R (202) 224-3353
OK Tom Coburn R (202) 224-5754
OK James M. Inhofe R (202) 224-4721
OR Jeff Merkley D (202) 224-3753
OR Ron Wyden D (202) 224-5244
PA Robert P. Casey D (202) 224-6324
PA Patrick J. Toomey R (202) 224-4254
RI Jack Reed D (202) 224-4642
RI Sheldon Whitehouse D (202) 224-2921
SC Lindsey Graham R (202) 224-5972
SC Tim Scott R (202) 224-6121
SD Tim Johnson D (202) 224-5842
SD John Thune R (202) 224-2321
TN Lamar Alexander R (202) 224-4944
TN Bob Corker R (202) 224-3344
TX John Cornyn R (202) 224-2934
UT Orrin G. Hatch R (202) 224-5251
UT Mike Lee R (202) 224-5444
VA Tim Kaine D (202) 224-4024
VA Mark R. Warner D (202) 224-2023
VT Patrick J. Leahy D (202) 224-4242
VT Bernard Sanders I (202) 224-5141
WA Maria Cantwell D (202) 224-3441
WA Patty Murray D (202) 224-2621
WI Tammy Baldwin D (202) 224-5653
WI Ron Johnson R (202) 224-5323
WV Joe Manchin D (202) 224-3954
WV John D. Rockefeller D (202) 224-6472
WY John Barrasso R (202) 224-6441
WY Michael B. Enzi R (202) 224-3424
Now that we have your attention, you sorry US Senators, keep in mind that we will replace you with those who will gladly correct your errors - - - .
So, scrub and clean by 2014 !
Tick-tock, tick-tock, tick
- See more at: http://tedcruzforsenate.org/tell-your-senators-to-oppose-cloture-on-h-j-res-59/#sthash.CvqYzXvd.s4d7EOIg.dpuf
Unaffordable Care Act??
A “bronze Plan” has a $ 1 500 deductible and a co. pay of 60/40.
Just imagine. you had a $ 10 000 Hospital bill, your cost would be $ 5 100. Every year it starts all over. Statistics would indicate a young person would not be able to collect earlier than 10 years, unless a calamity occurred.
Not so affordable, is it? Actually, the young will be paying without any return. I have never seen Group Insurance with those deductibles and co-pays. As far as pre-existing conditions are concerned, most large group policies covered pre-existing conditions. It is obviously an attempt by the Government to bankrupt Insurance companies with the 80/20 rule. Companies have to pay out 80% of intake in services. Only 20% can be used to pay for investments in infrastructure, rent, utilities salaries etc. That small margin will eventually drive the private companies out of the marketplace. Then we will get the “One Payer” system run by the Government.
Now just some food for thought: Do you believe they will be able to operate on 20%? I believe it will then become 125-150%, resulting either in higher premiums or higher taxes.
After implementation we will still have 40 million uninsured, it will just shift the groups. Instead of semi-poor, ( their income being just above the Medicaid level) it will be the middle class who can’t afford the costs. Remember, the poor always had Medicaid available.
Interesting times ahead?????????????
Now I have some good news about the ACA. Your out of pocket expense will be capped............at $6 400 per person
BTTT! And people will not be happy with this surprise.
My favorite thing so far is the video of the union goon “boss” who is whining about “unintended consequences!” Hell, they helped pass ObamaCare, and they knew damned well that these consequences were NOT unintended. They just thought that they’d be immune from it. After all, they helped Barkey get elected and Pelosi pass the damned thing... All in the name of getting to socialized medicine!
Good, some people need a cold slap in the F’n face.
Thanks to the "platinum plan tax" of 40%, my company was forced to discontinue it. The new plan had my deductible going from $500 to $4000. The company I work for has always been very good to me, and I certainly don't blame them for this! I blame Barky, Pelosi & Reid, the union goons, and the millions of BEMs (booger eating morons) who voted leftist dems into office!
I cannot see my text when I am typing this, I use Firefox... anywone e;lse have this problem?
Republicans will be cast as the bad guys. The defunding effort will be shown as the cause of higher rates, based on the Republican hatred for ordinary “hard working” Americans. Republicans will run from it, and run in 2014 on the notion that they really love Americans, especially ethnic ones, and most especially those Americans who aren’t associated with the TEA party.
And Hillary will run on a platform to ease and reform the deadly Republican impact on the noble effort of the government to provide affordable health care.
LOL. It's a mistake to underestimate bankers. Why must the obvious be continually stated? Our "economy" is based entirely on credit growth. Debt must continue to increase every minute of every day, otherwise our "exceptional" country would come crashing down in tatters.
Once you fully understand this dynamic, then it's child's play to watch how the game unfolds. So, let us review: debt must always increase, both in the public & private sectors. Now, let us consider the various goods & services that can be compromised by this driver.
First up, transportation; anyone remember when autos were purchased on income & savings, with perhaps a small 3 year loan, fully paid before the car was sold? You're right - neither do I. Check.
Second, housing. Ditto - see above.
Third - health care. The intent of Obamacare IS to drive prices up as a matter of law. The next shoe to drop will be easy, federally subsidized loans (ah, Fannie/Freddie/FHA redux) to "help" people purchase the necessary insurance & co-pay(s). Needless to say, within a generation, people will be completely & utterly in debt and beholden (literally for their very lives) to the financial interests that run the (political) game.
But here's a question for all: aren't FReepers normally free-market opportunists? If you see that this is the direction the country is taking, why wouldn't you want to get in on the ground floor in this new FIRE industry?
Oh, that's right, FR is now the denizen of 'conservative porn', where the golden past is elevated with nary a thought to how every event has been played to the advantage of the elite.
So, I guess you are underestimating Cruz
Here’s a thought... What... Just what will business and the Business of the News Media in particular do when the all important and sometimes only reason a business will have a ‘black’ bottom line instead of a ‘red’ one. Wait for it... Christmas shopping season dies on the vine and all of those goodies in the stores and warehouses remain there because the ‘shoppers’ have no disposable income to expend on those goods because Obamacare sucked up all of those dollars.
That I think is going to be the ‘straw that breaks the camel’s back’. And the politicians will be fleeing in fear from their ‘backers’ who were expecting a good rate of return on their ‘investment’ in getting these politicians elected.
Been my issue all along. I would venture a guess that most of the politicians haven’t a clue as to how their insurance actually works or even what their family spends for groceries every week. Those are issues for the little people or the hired help to deal with.
One of the ways to deal with reduced availability of something is to make it expensive to use. So you can afford the monthly premium but you can’t afford to pay your share of the costs when you go to the doctor. It’s like you can afford to buy a new car but can’t afford to buy the gas necessary to make it run.
We often hear of older people dying from the heat who have A/C in their home but can’t afford the cost of turning it on.
Control via the backdoor. With our health insurance it will be spun as people taking more responsibility for their healthcare when, in fact, they just can’t afford the co-pays and deductible.
That's why they have the IRS as enforcers. No tax refunds, and they'll have to make payment arrangements into perpetuity.
Thanks for posting the black and white Photoshop image I created about the ObamaCare train wreck. I made it up in 2009 during the debate over the bill.
What you're talking about it 'the company store' - an idea used to enslave people... Something most of us think of as 'evil'. The idea was rejected by Americans long ago. Have you read The Jungle by Upton Sinclair? The scam you speak of was invented a long time ago..
Evil. Rejected. Nice words, so noble in intent, yet such failures in reality.
Conservative (and progressive) porn is a refuge of those who refuse to acknowledge or are ignorant of how things actually operate. 16th, 17th, the FedResAct, TARP, NDAA, ObamaCare, etc, etc are all clear examples of how "citizens" have little to zero effect on major policy decisions.
This country was/is a "mark" for long established financial interests. It had ample natural resources, a reliable, gullible workforce and a strong legal framework to support the status quo aka the GOPe and their Dem buddies.
Denninger is calling it quits. When a clueless dude like that finally "gets it", perhaps the less enlightened at FR might catch up someday. Maybe; and when enough people wake up, then Matt's future arrives at our doorstop.