ObamaCare May Devastate the Real Estate and Travel Industries

American Thinker ^ | December 18, 2013 | Stella Paul

[Zakeet]

Americans are among the most mobile people on earth, but ObamaCare may soon start freezing them in place. Millions are losing their health insurance policies and being forced onto the ObamaCare exchanges, where most plans only provide local medical coverage. As Americans realize they must pay for all non-emergency medical care when they leave their home county, their decisions may have a profound impact on the real-estate market, particularly the second home sector, and on the travel business.

[Snip]

Americans already know that ObamaCare means higher premiums and a shrinking roster of doctors. But they have not yet realized that ObamaCare plans are not portable and will impede their ability to travel.

What happens to those plans to send the kids to live with the grandparents for the summer, when little Josh needs to keep up with his allergy shots? What decision will a family make when Dad needs to move to start his new job, while the kids stay behind to finish up the school year? What kind of financial pain will be inflicted on American contract workers, who rent a hotel residence for three months while they complete a project? And who will buy a vacation home when the costs include out-of-pocket medical expenses?

Moreover, ObamaCare may soon start impacting access to emergency room care. With Americans no longer able to receive routine medical services when they travel, will they start showing up in emergency rooms for sore throats and backaches? And how will these new throngs of patients affect the waiting time of people with genuine medical emergencies?

"I have 35 years in the industry, and I've never seen anything like this," the New York insurance broker told me. "ObamaCare is a rolling disaster. Every time we go down the road, we get hit with another catastrophe."

[EVO X]

What about life insurance? If you were the primary bread-winner in your family, would you feel badly that you didn't die early on, so your family could collect on your insurance policy?

ACA may force people to cancel financial instruments like life insurance in order to make healthcare premiums. And that is before they have to come up with the money to pay the deductibles.

[Lou L]

ACA may force people to cancel financial instruments like life insurance in order to make healthcare premiums. And that is before they have to come up with the money to pay the deductibles.

Sadly, you may be right. At the prices I've seen for some of these policies, my family would have to give up a lot to pay for the kind of health insurance in Obamacare. We earn enough that we wouldn't come close to being eligible for subsidies, but not enough that it wouldn't be a major drain on our economic lives.

[vetvetdoug]

I make $56K a year and now one third of my income is for health insurance. So much for disposable income. My insurance rates have climbed so high I'm hurting everywhere financially and cannot afford to make many of the items I need for upkeep of my farm and house. Not only is my income down, taxes up, the insurance is counted as INCOME and my taxes are higher with respect to take home pay. If I sell out and go Galt it will be taxed again!

[EVO X]

Even if one is barely eligible for subsidizes, it still maybe be more expensive than what they had. Somebody in that category is probably struggling to put anything away for retirement. Along comes ACA forcing them to pitch in a couple hundred more a month. There goes any chance of ever retiring if you comply with ACA..

[ThomasMore]

Obamacare is going to cost middle America SO much money, middle income Americans won’t have enough money to buy new/used homes or anything else. We are being taxed to death...hidden taxes...that will deplete any and all excess income. No savings...no luxuries...just enough for day to day living.

[Lou L]

Even if one is barely eligible for subsidizes, it still maybe be more expensive than what they had

I agree. People that couldn't afford insurance before--even if they saw it as a discretionary option--will still not want to part with those monthly premiums and co-pays. Any hope of saving for a "newer" used vehicle, a house, a child's education, or retirement will be shot.

[B4Ranch]

This will make it much easier to keep track of people. We’ll know who the travelers are and they’re certainly needing to be watched closely.

[poobear]

In Florida, Doctors pay very high malpractice insurance premiums because of bull shit lawsuits. Now, who’s the bad guy? You pick. Either way you’ll think you win.

[yldstrk]

well I don’t do medical malpractice so go away

[yldstrk]

a stock or a bond is a financial instrument, a life insurance policy is a gamble

[poobear]

You are a miserable example of what’s wrong with medicine in the first place. A hot ambulance chasers sticky wet dream. Stay well.

[yldstrk]

poobear you are gross

I happen to be insured to the hilt, not that I make claims, although I have been in the hospital, a horrible experience but paid for not by the taxpayers, by my insurance and by me

I just think I have paid in more than I have taken out

You must own an insurance shop

so take a long walk off a short pier, bud

[EVO X]

a stock or a bond is a financial instrument, a life insurance policy is a gamble

I was just trying to consolidate everything into one easy term. Although, I think one could call whole life a financial instrument.