oreo
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- #141
Worst thing about Obamacare is that it was forced everyone, even those wanting nothing to do with the socialist entitlement.The higher premiums are a direct result of providing coverage to those who could not be covered in the past. The simple fact is that healthcare costs are out of control. It's not the insurance companies or Obamacare that are the problem; it's the providers, specifically hospitals. Until we understand why the costs are so high, we cannot work on solutions to reduce costs. Do the simple math here. We are spending 17% of GDP on healthcare. GDP is about $18 trillion, therefore we are spending over $3 trillion on healthcare. I read in Forbes that the number is about $3.2 trillion for 2015. We have 320 million people so we are spending $10,000 per person per year. That is the cost for our kids, ourselves, and retirees. Someone has to pay this. As they say, it ain't free. So if you are crying because you can no longer get health insurance for $250 per month with a low deductible, it's because it costs more than that.
Hey, the hospital that my girlfriend works at is building a new tower to add on to the hospital. It's only costing them $350 million. No biggie, right? Somebody has to pay for it though. My sister is a nurse. Oh holidays she makes over $80 per hour. Someone has to pay for that. My sister's employer matches her 401k contribution 2 to 1. She has over $300,000 in her 401K after 16 years. Somebody has to pay for that. This idea that Obamacare is the problem is a big problem, because Obamacare was not the catalyst to these increasing rates. Rates had been increasing double digits every single year under Bush. This started back in the 90's and has just gone crazy, pretty much the same way college tuition has increased. We've got problems, but we seem to be looking in the wrong places for solutions. Repealing Obamacare is not going to reduce your premiums. In fact, it may drive them through the roof even more.
Certainly there's no doubt that health care costs are skyrocketing. But Obamacare never addressed that. So after I was forced into a policy that would meet the requirement of O-care for 2015, I had the cheapest policy I could afford at $350.00 a month--1 year later that policy was cancelled. (it was called Colorado OP) They were going bankrupt. So everyone in this state had to get another policy that averaged an additional $200.00 per month more. 24 other states in this nation had the same problem. It's still a mess.
I pay $350 per month for myself and $125 for my son. I too have the high deductibles along with a health savings account. I spend about $2000 per year out of pocket in addition to my premiums. Luckily I'm not on any meds.
My new policy is crappy. I am now paying $495.00 a month with a 6K deductible, and co-pays everywhere. I never guessed anyone would be celebrating to turn 65 years old, to get on Medicare, but that's what is happening due to insurance costs. There is just no way to avoid them.
I think one of the biggest flaws in the ACA is that the rates increase too drastically for those who are older. The rates should be more level across all age groups. For instance, my policy costs $350, but in ten more years it will be about $500 when I am in my 60's. If I was ten years younger, it would only be around $250. I realize they have set rates based on risk and that as we age the risk increases greatly. The problem is that everyone needs to be able to afford the insurance. Unfortunately, unless we address the real reasons that healthcare is so expensive, this is not going to change.
So much for freedom of choice
Yeah, there's not too many that like O-care--but you certainly can't blame Republicans in congress for it. Not a single one of them voted for it.