|
Name:
|
MAJ USA RET
-
|
Subject:
|
The Law of Unintended Consequences
|
Date:
|
10/5/2013 2:30:31 PM
|
|
But then… Congress didn’t know (didn’t read) the full intent
of this Obamanation before they passed it.
“Can you explain how you would
provide coverage at reasonable rates for those with preexisiting (sic)?
After Hillarycare in 1992, the GOP said there were better ways to insure the
masses. They never came up with a plan. Insurance companies said the same, but,
they never came up with a plan. The result is ObamaCare.” [GF, above]
You CANNOT provide coverage at a reasonable rate for an
unreasonable risk. The insurance companies
know this. If they could attract enough
healthy people and the gouge them through their premiums… they would do it.
So along comes ObamaCare and… through the coercive might of
the IRS… FORCES healthy people… and especially the middle class… to UNDERWRITE
the bad risk of pre-existing coverage. But, guess what… even with the federal arm
twisting… premiums for pre-existing conditions are still too expensive.
A non-profit insurance company would fail. And for-profit
insurance companies have investors (including retire folks like me who have a
retirement portfolio). I can tell you
that we HAVE dumped an insurance investment for losing money. Thus, even under
ObamaCare, insurance companies have to show a return on investment.
Thence, under ObamaCare, we have subsidies. From whence,
comes the funding of subsidies?
Therefore, high co-pays and deductibles must be introduced
into the equation. The co-pays and deductibles are ADDED to the ballooning
premiums and increased taxes… or debt… or BOTH… to support subsidies.
Employers who (now must) provide medical insurance, feel the
ballooning of their portion of the premiums. Response: a) shed eligible
employees, b) reduce full-time and part-time employees to less than 28
hours/week, or/AND c) increase prices. Fewer employees and higher prices - is
that affordable?
“This boat don’t
float!” it is already leaking. We passed
the law so that we would know what’s in it… and now we are slowly learning that
the “Affordable” Care Act… ISN’T!
|