Rate Shock and Awe HR 544 (Liberty Act)

[stuy119]

How is a provision that disproportionately increases rates for younger people vs older a consumer safeguard? Especially with a prez that favors socialism.

It's a safeguard that AARP won't be pissed, and they can keep consuming the President's bull.

 

[somarco]

Maybe. But one day those 30 year olds will be 50.

 

[Norwayguy]

Maybe. But one day those 30 year olds will be 50.

Yeah 20 years from now and that is what 4 presidential terms after Obamas ends.

 

[somarco]

Well, we have the 2 terms for Barry, then the 2 for Mooshell, then . . .

 

[djs]

Ahh, yes, the master plan.

Rates for those over 50 or so are capped, which gets votes.
Rates on those in their 20's and 30's go up, but its either paid for by work OR they don't have coverage through work and its paid for by subsidies, very few notice.

Everyone blames the insurance companies anyway (forgetting the 80/20 rule, thinking it should be 99/1 as well).

Since the younger ones really don't pay more out of pocket, due to the subsidy, they don't complain. Since there are higher subsidies paid out, taxes have to go up, on who? The 50 somethings that just got a tiny break on health premiums. Except now, there is so much overhead and refunneling of money that its several dollars of new taxes for every dollar of benefit.

Its all G. Bush's fault.

Dan

 

[Norwayguy]

Ahh, yes, the master plan.

Rates for those over 50 or so are capped, which gets votes.
Rates on those in their 20's and 30's go up, but its either paid for by work OR they don't have coverage through work and its paid for by subsidies, very few notice.

Everyone blames the insurance companies anyway (forgetting the 80/20 rule, thinking it should be 99/1 as well).

Since the younger ones really don't pay more out of pocket, due to the subsidy, they don't complain. Since there are higher subsidies paid out, taxes have to go up, on who? The 50 somethings that just got a tiny break on health premiums. Except now, there is so much overhead and refunneling of money that its several dollars of new taxes for every dollar of benefit.

Its all G. Bush's fault.

Dan

You really know how to put me in a funk.