Posted on 02/26/2017 9:24:52 AM PST by xzins
....no member of Congress is eligible for any pension unless he or she has served in Congress for at least five years. (Senators serve six-year terms; House members must seek reelection every two years.)
To collect, a congressman or senator must be age 62, or be at least age 50 with 20 years of service, or be any age with 25 years of service.
Under the most recent pension program, adopted in 1984, the size of a pension is based on the highest three years of a member's salary, the number of years of service and a multiplier, which is 1.7 percent for the first 20 years of service and 1.0 percent for subsequent years.
Here’s an example, using a typical 25-year rank-and-file member who retired this year. The pension would be the sum of two calculations. First, multiply $172,443 [the average salary over the last three years] times 20 years times 0.017. Then, multiply $172,443 times 5 years times 0.01 and add that number to the first calculation. The total: about $67,250 per year.
Self employed buddy and his wife had been with the same insurance company for over a decade. It was kind of like they had banked a bunch of premiums.
Their plan got cancelled because it wasn't ACA compliant.
First year with the new company she had a serious injury. Of course they were paying more in premiums than the old policy and they had a higher deductible.
That company withdrew and she was still having operations. At least under the ACA she was covered for a pre-existing condition.
Another year goes by and yep, that company withdrew and yep, she's still having operations. But at least with the new company she's covered for a pre-existing condition.
If coverage for pre-existing conditions goes away they're on the hook for a $35k operation (which is hopefully the last one). And given the high deductibles they're stretched pretty thin as it is.
So yanking ACA completely would just about ruin them. Yeah, they might be able to get into some special risk pool and maybe that would be a better deal but my guess is that the premiums would ruin them as well.
Of course insurance companies having to cover pre-existing conditions is one of the reasons premiums keep going through the roof for everyone but my buddy sure wasn't the cause of his original insurance company going away.
Why? It is a disaster.
Before ObamaCare, what happened to the insured when their insurance company went out of business, bankrupt, closed doors?
Repeal without replace!
Constitution over circumstances.
Thanks.
Well, yes, Jim, but risk management to spread the costs over time and probability is going to be necessary, not cash-on-the-barrelhead out of one’s pocket per individual per instance, as a few here seem to be saying.
Damn!
And to think, at one time you were in my top three pics for President.
You are now persona non grata to every right minded Republican.
What is Obamacare, some kind of legacy monument for preservation of a heritage? This is not the redstone lands of Utah, or Lake Tahoe. Total demolition is not only called for, it is ABSOLUTELY imperative the dismantling be carried out pronto.
It is better to dynamite a failing bridge, and start over with new anchor points and spans, than to try to “repair” it. The repairs may only be piecemeal, and cause further stresses and overloads at some other point in the structure.
Total fail is inevitable.
I don’t believe Kasich is any longer a republican. He definitely is not a conservative.
Our small Church is trying to help out as best we can but it looks to me that this couple has not only been hosed over by the ACA but repealing it completely would cause even more harm.
And people in their situation are probably a small percentage but still, you think of people that are going through cancer treatments, etc. many of them would end up without insurance for their current illnesses.
Occurs to me that they've been put in this situation through no fault of their own.
Most of us had Kasich all figured out, apparently.
“Son of a mailman. How could you forget?”
How? Accidentally on purpose - that’s how :)
Liberal Fool Kasick cant open his mouth anymore without the stink of his rotton brain smelling up the place.
These people are insane.
It took the 'RATS 2 years to cobble together Obamacare and 7 more years to finish getting it right... and failed.
They passed it in total secrecy.
The author announced he wrote it in such a way making sure nobody could understand it.
To this day no one can understand what's in it.
It is still a fatally defective law, they never even finished it. The main feature was too difficult, so they conveniently eliminated it.
YET THE TOTAL ARROGANT AS*****S DEMAND THAT THE REPUBLICANS REPLACE IT WITH A "PERFECT" VERSION IN LESS THAN 2 MONTHS??
HELLO??!!??
What word can be applied that can describe "beyond insane?"
Pre-existing conditions were covered in most states before ObamaCare through state pre-existing condition pools.
They were expensive.
My memory says that insurance companies were bought out rather than folded BECAUSE of their clientele.
There was also gap insurance that had to be provided under HIPAA of 1996
https://en.wikipedia.org/wiki/Health_Insurance_Portability_and_Accountability_Act
He is an effin A-hole and a self serving jackass.
The accident wasn't planned, just one of those life things; not self inflicted but part of life. The insurance mess they've been put it was entirely man made.
All health insurance plans run for 1 year, to include the ACA. Terminate the plan at the anniversary date.
No problem.
Kasich is a pu$$y.
5.56mm
That would define classic privately negotiated insurance which worked flawlessly for 500 years.
Obamacare was never intended as insurance, and it succeeded; whatever it is, is a bottomless pit of expense and total control over every man woman and child in the country.
I prefer CW2!!
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