Post by jimziegelbauer on Dec 28, 2020 0:13:10 GMT -5
The worst healthcare legislation ever passed Why is Obamacare so expensive?
Posted on October 3, 2017October 3, 2017 by Clelland Green
Obamacare is expensive for one reason…
…it ended underwriting; the ability to deny coverage to people with health conditions. Unless Congress is willing to allow underwriting, nothing they will do will reduce premiums in the short run and it won’t contain runaway health costs.
This leaves us with the problem where there are millions of hardworking Americans who make too much money to get a subsidy on the exchanges, but not enough money to afford the insurance. A family of four earning $90,000 a year has to pay 100% of the cost of a plan and the average cost of a plan is about $20,000 a year. After taxes, mortgage, car payments, food, gas, electric, etc. that family doesn’t have enough left to pay health insurance. Presently, health plans are not affordable for families earning up to $120,000 a year depending on where you live.
Health costs have risen faster than our economy for decades and are forecast to run at least 1.2% higher than the growth of our GDP. This means every year, more and more Americans won’t be able to afford coverage. It also means that more and more employers will reduce benefits of the plans they offer and drop coverage, leaving more people under and uninsured.
Posted on October 3, 2017October 3, 2017 by Clelland Green
Obamacare is expensive for one reason…
…it ended underwriting; the ability to deny coverage to people with health conditions. Unless Congress is willing to allow underwriting, nothing they will do will reduce premiums in the short run and it won’t contain runaway health costs.
This leaves us with the problem where there are millions of hardworking Americans who make too much money to get a subsidy on the exchanges, but not enough money to afford the insurance. A family of four earning $90,000 a year has to pay 100% of the cost of a plan and the average cost of a plan is about $20,000 a year. After taxes, mortgage, car payments, food, gas, electric, etc. that family doesn’t have enough left to pay health insurance. Presently, health plans are not affordable for families earning up to $120,000 a year depending on where you live.
Health costs have risen faster than our economy for decades and are forecast to run at least 1.2% higher than the growth of our GDP. This means every year, more and more Americans won’t be able to afford coverage. It also means that more and more employers will reduce benefits of the plans they offer and drop coverage, leaving more people under and uninsured.
Ultimately, we will end up with Medicare for everyone and we will let the government directly negotiate reimbursements with doctors, hospitals and pharmaceutical companies. Its truly not if, but when, as there are no “marketplace” solutions that can really fix the problem.
So they lied why Believe them now