Friday, November 15, 2013

Affordable Care Act Redux

My 200th post and y'all are apparently still reading! Thanks!! I also have 34 subscribers and counting. If you enjoy my take on the world it's easy to subscribe, just click on "join this site" on the right side column. Hey, you can always hit the delete button and it's easier than searching for it.

My worst fears concerning the Affordable Care Act are developing before my eyes. It is all a vicious circle, feeding itself. The business model requires "x" amount of young, healthy participants in order for everything to work. Without that young component; much less whatever magic number of participants overall is required to make it work, the insurance companies cannot assess an affordable premium. The administration had hoped that the insurance companies would "play" along and set the rates by their projected numbers, but they're not playing along. Their fears are also coming true, as the sign up rate remains abysmal and the majority are older, with pre existing conditions. Come on, people! Did you really think the folks that use over ninety percent of the tax revenue in the collection process to run the IRS could pull this off? How about Amtrak or the Post Office? So here's a typical scenario. Joe Schmo makes about 50K a year and decides on a Silver plan. He or she is between 50 and 60 years of age with a pre existing condition. His or her premium hovers around $500 and $600 a month, which he or she can't afford, so they opt out. Joe Schmo soon receives notice that he or she will be assessed a fine of between 4 and 5k annually. That fine will come out of his or her taxes or they can opt to make monthly payments; the government will even allow them to set automatic withdrawal. If Joe Schmo chooses to ignore the fine, the Act provides that the government can then suspend his or her drivers license. After a period of time things will escalate and ignoring the fine can lead to the loss of assets; including Joe Schmo's home. I can't make this sh*t up people! Finally, the big lie and the even bigger "smoke and mirrors" fix. After an outcry (thank you America, I was worried you'd lost your voice) of biblical proportions over Obamas repeated broken promise that we could keep our current insurance, the "Great and Wondrous Oz" has spoken and apologized. He believes he can wiggle his nose or wave his wand and the insurance companies will comply with his request to reinstate the cancelled insurance policies. Let's see, you're an insurance executive and the man that threatens to destroy the health insurance industry as we know it and has repeatedly shown to have no idea what his failed policy is doing or causing is asking you to do something to help him out. Is that about right? Wait; here's the "smoke and mirrors". If Obama manages to get the insurance companies to play along with him the reinstated policies will only be good for a year. Here's the rub as I see it. Obama is the leader of the free world. He has continually shown to be disingenuous and downright dishonest. The world sees this and the lost respect can never be regained. We have failed foreign and domestic policy, from Benghazi to the Affordable Care Act. Our political system is a laughing stock, polarized and impotent. Just when you thought the damage to the presidency by Clinton couldn't be surpassed, along comes this Bozo-sorry, I meant Obama.

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