What we need isn't for the Right Wing to whine but for the light to shine on medical pricing and practices.
Now since you are drifting the 'point' yet again, please tell me what 'Caddillac' plan some folks 'need'? Now the way I heard it is I can keep my existing plan OR opt for a new one.
Just how is your insurance of worth when you are not using it?
“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes
Your the one making no sense with comments like the insurance is worthless and then run around pointing at 'cadillac' plans or some such.
Perhaps you should become informed from some other place than where you are now. I just changed plans to the current one I have, so I have done some research and I don't have a 'Cadillac' plan.
it might be best you just stay out of the conversations, you seem to wander a bit until you get mad and storm off...
As far as government subsidies go, it doesn't actually change the cost. The problem is that the penalty is, in it's own way, subsidized.
In the first year the baseline penalty will be $95.00 +1%, or about $8.00/month +1%. As shown in the subsidy post a few posts back, someone making 150% of poverty level who buys insurance would pay $44/month after subsidies.
But since they make $17,235, their total penalty would be $95+1% or $267.00 in penalties. That brings the penalty to $22.70/month.... about half the cost of buying insurance.
It really doesn't matter what the penalty will be in 5 years since the design of this plan will kill the insurance companies well before the penalty becomes actually prohibitive.
Last edited by jmotivator; 06-13-13 at 02:17 PM.
But also worth noting, in the first year the break even income is much higher.
Final penalty equation (again):
($3852 - $695) * 40 = $126,280.00
First Year Equation
($3852 - $95) * 100 = $375,700.00
So in the FIRST year of Obamacare it will be cheaper for 98% of all Americans to just pay the penalty rather than sign up for insurance unless and until they become seriously ill, at which point they can sign up for whatever insurers are left after the mass exodus.