Monday, October 7, 2013

More Obamacare Calculations

It doesn't take much too put a person living hand-to-mouth "into bankruptcy". The "Bronze plan" (cheapest) has a deductible of $5,000.

So any Bronze plan participant with less than that amount in the bank will be in default immediately if he has a $5,000 injury. Now if that person were saving his $250 per month premium (hypothetical) rather than flushing it down the Obamacare rathole, he could cover the bill in just 20 months.

Admittedly that doesn't solve the problem of the $100,000 illness or accident, but in that situation the careful student will note that Obamacare has no preexisting conditions. So if you get badly sick, you go down to the Obamacare office and get on the plan; pay the $5000 deductible and $3,000 in premium ($250 per month for a year).  The taxpayer pays the rest ($95.000.). When you're well again, you get back off the plan. What a deal! The only way you will not play this game is if the government makes the penalty extremely high so that it is tantamount to "single payer healthcare".

Interestingly, SCOTUS has said that if the "tax" is large enough to change behavior, then it is unlawful. So just because they are getting away with a penalty "tax" of 1% of income, there will be lawsuits when goes to 2% in 2015. Their plan I think is to take it much higher. I don't think SCOTUS will allow that.

Thursday, October 3, 2013

What To Consider Before You Buy Obamacare Insurance

Before you call the government calculate your premium.  Now consider this:
  1. It's expensive.  The premium rates are unfair, arbitrary and punitive. Using the calculator, take for example a single male, age 38, living in New Jersey making $40,000 per year.  He will pay, after subsidy $250 per month or $3,000 per year for the "Bronze plan."  On the surface, that will seem to him a pretty good deal.  After all, it has a 50% subsidy in it. But what will happen to him when he is earning just $6000 more (a mere 15% raise)?  The subsidy goes away entirely and his premium doubles. That implies a marginal tax rate of 50%.  This pattern is repeated for every type of individual and family.  The rate structure is the epitome of punitive taxation.  
  2. It's slavery. Buyers of Obamacare "insurance" are like deer that fail to see why the hunter has provided a convenient and well stocked feeding station. Such is the case with all entitlements. When you have a serious health situation, you will be entirely dependent on the government to decide in your favor. What they give they can also take away. Don't be fooled into thinking that they will always 'cover' the fancy medical procedure or insurance that is keeping you alive. Obamacare is NOT insurance any more than any other federal entitlement. It's just a Ponzi scheme with lipstick. There is no contract, long term or short term. If you perceive it to be a 'good deal', it's just bait.  Again, Obamacare is not insurance.
  3. It's overkill. The federal government could easily and cheaply have provided special insurance for persons with conditions that would cause the cancellation of regular insurance, whether because of affordability or preexisting condition. They did not need to force the general public into this grandiose scheme.
  4. It's socialism. They are forcing us to buy more insurance than we want and to pay for those that want more insurance than we do. I must ask why we are entitled to socialized heathcare and not socialized food, transportation, utilities, etc. The answer of course is that Obama and his henchmen think that we ARE entitled to all these things. This is just one more step of many in the process of crippling the market system that has served our country so well.
  5. It's a boondoggle for the taxpayer. Just as the feds have screwed up social security and medicare, so also will they screw up Obamacare. The bureaucracy and waste will get worse and worse, and there will be no way to reverse the process.
  6. It's unAmerican. America was founded on individual responsibility and freedom.
  7. It violates Biblical principles that put responsibility into the hands of the family, extended family, churches and other private institutions. Government has no business trying to replace what God has instituted for the care of his people, and what He has permitted for the care of others through human charity.