2013-07-22

Obamacare Continues To Face Challenges

"...Thanks again to Obamacare, companies are either dropping health-insurance coverage altogether, shifting employees to part-time status to avoid providing coverage, or (if they’re small) finding ways to avoid crossing the 50-employee threshold for mandatory coverage. Partly because of such developments, the leaders from three of America’s biggest unions, including the Teamsters’ James Hoffa, wrote to the administration complaining that “you pledged that if we liked the health plans we have now, we could keep them. Sadly, that promise is under threat.” Their support for the president, they said, “has come back to haunt us...”

Ouch.

Something tells me they'll blame the "market," the GOP and perhaps even Bush. Fixed. That's why you need, say, single payer. People are evil and the only way to solve this problem is to eliminate what's left of the greedy players.

Fixed.

“If you already have health insurance,” candidate Obama promised, “the only thing that will change for you under this plan is the amount of money you will spend on premiums. That will be less.” Obama.

"Aetna says its most popular policy for a 29-year-oldman currently costs $118 per month in Richmond. Once Obamacare kicks in, the rate will jump to $225 – an increase of more than 90 percent.

Obamacare supporters say this is only natural, because one of the ideas behind expanding coverage is to get young, healthy people to help pay the health-care costs of sicker, older people. (Not exactly a point they stressed during debate over the bill, but never mind.) That’s why the law forbids charging the latter more than three times the rate charged to the former. Jacking up rates for “young invincibles” is supposed to help hold down rates for old vulnerables.

But it doesn’t appear to be working. Aetna says its rate for the family with two kids is liable to jump 36 percent, and the rate for the older couple is liable to jump 44 percent."










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