Obama Warns Against Blaming Obamacare

[HealthGuy]

Why do many think there is going to be growth with mini meds, accident only, hospitalization only, and CI plans as a result of Obamacare? Seriously, I just don't see the market. Somebody tell me how my assertion is wrong. What are the use of these mini plans when the main course (major med)becomes unaffordable even with the Obama subsidies? Seriously, who is going to have money left to buy ancilliary med plans when they are done being taxed to death and penalized by the IRS to death? Everybody keeps talking about ancilliary lines, I'm not a believer that this will be a thriving market to replace major med sales. UNLESS the exchange plans are such stripped down pieces of crap that cover virtually nothing (doubtful)...Somebody step up who is smarter than I and give this a fair and reasoned analysis please.

 

[stuy119]

It's going to be interesting to see what happens when they have to decrease the subsidies that are artificially lowering the rates to the consumer.

At some point, government spending will have to decrease, a la England. But, of course, PresBO is working on England to not be fiscally prudent.

This HAS to be a joke, right?

 

[somarco]

policies in the exchange be able to add riders

No one, especially Obamatron, knows the answer. HHS has yet to define the national risk pool which is due to go into effect any day now.

As for now, I have not heard of any carriers willing to commit to the exchange. They are looking at what is happening in MA and throwing up their hands.

Obama is an ***.

I believe McChrystal beat you to that.

growth with mini meds

I believe those will be illegal under Obamacrap.

decrease the subsidies that are artificially lowering the rates to the consumer.

That will happen sooner rather than later.

If you want to see the result, look at new car sales in Sept, 2009 and new home sales in May, 2010. In both cases sales were "stimulated" by tax breaks. Once the tax breaks ended so did the sales.

But of course this will be different . . .

 

[Norwayguy]

It's going to be interesting to see what happens when they have to decrease the subsidies that are artificially lowering the rates to the consumer.

At some point, government spending will have to decrease, a la England. But, of course, PresBO is working on England to not be fiscally prudent.

This HAS to be a joke, right?

The only good thing or bad thing is the way he set this up most goes into effect after he leaves office....unless someone thinks he is going to get a second term.

 

[Winter_123]

Are we likely to see sales growth of non-Obamacare'd health insurance, e.g., hospital-only?

You can a high deductible, or hospital only plan for a lower premium. Or you will be able to get a more comprehensive plan off the exchange which will be eligible or subsidy or tax credit bringing it down to cost of the high deductible non-eligible plan. Which way you think the market is gonna go?

 

[Dave020]

Exchanges will be state-specific, however the basic designs will be:

Gold
Silver
Bronze
Platinum
Catastrophic

So there will be a "hospital-only" type of plan available through the exchanges.

No HSA compatible as far as I can tell.

 

[CHUMPS FROM OXFORD]

"No HSA compatible as far as I can tell."

I like that.

 

[medx]

Why do many think there is going to be growth with mini meds, accident only, hospitalization only, and CI plans as a result of Obamacare? Seriously, I just don't see the market. Somebody tell me how my assertion is wrong. What are the use of these mini plans when the main course (major med)becomes unaffordable even with the Obama subsidies? Seriously, who is going to have money left to buy ancilliary med plans when they are done being taxed to death and penalized by the IRS to death? Everybody keeps talking about ancilliary lines, I'm not a believer that this will be a thriving market to replace major med sales. UNLESS the exchange plans are such stripped down pieces of crap that cover virtually nothing (doubtful)...Somebody step up who is smarter than I and give this a fair and reasoned analysis please.

Agree 100%

 

[Mr. Bill]

Confessions of an Economic Hitman says it all. This bill along with cap n trade will devastate this country.

I know I'm late but that was truly the Post of the Day. The regime is happily leading us on the way to economic slavery. Fortunately, this "health care" fiasco is the quickest way!

 

[stuy119]

"No HSA compatible as far as I can tell."

I like that.

You like it? It makes me want to kill kittens.