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Thread: Obamacare: Is a $2,000 deductible 'affordable?'

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    Re: Obamacare: Is a $2,000 deductible 'affordable?'

    Quote Originally Posted by Simon W. Moon View Post
    Have you included the subsidy for families making less that ~$90k?

    Who will pay higher premiums under Obamacare? Young men - May. 14, 2013

    Here's what could affect your coverage cost. This breakdown is only for those who buy plans on the individual market through the exchanges, and doesn't apply to those with employer-sponsored plans.
    Income: One of the top factors determining how much you'll pay next year is your income. That's because subsidies are available to those with incomes of up to 400% of the poverty line -- roughly $45,000 for an individual or $92,000 for a family of four. Some 57% of enrollees will receive subsidies, and those subsidies will cover nearly two-thirds of the premium, on average, according to the Congressional Budget Office's estimates.


    Obamacare premiums in California lower than predicted - May. 23, 2013
    The least expensive silver plan for a 21-year-old could cost $216 a month, but those earning only 150% of the poverty line (or $17,235 annually) may pay only $44 after receiving federal subsidies. A 40-year-old may pay $276 a month, or $40 after the subsidies.

    As I pointed out in another post on the same subject, the subsidies, by your own numbers, will not bend the cost curve in favor of getting insurance.

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    Re: Obamacare: Is a $2,000 deductible 'affordable?'

    Quote Originally Posted by iliveonramen View Post
    Part of the problem with Cadillac plans are that the really expensive plans are just in lieu of salary in order to escape taxes for both the company and employee. There's definitely a reason to offer tax incentives for companies to subsidize health insurance but some plans go a bit to far. Ultimately you'll just end up seeing companies with better benefits moving extra money into direct pay to customers. I think the healthcare subsidy is estimated to be around 800 billion or so dollars a year (in total).
    Fair points.

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    Re: Obamacare: Is a $2,000 deductible 'affordable?'

    Quote Originally Posted by jmotivator View Post
    ...the subsidies...will not bend the cost curve in favor of getting insurance.
    What does that mean exactly?
    Istm, that ~$40/mo * 12mo => ~$500/yr, and that $500/yr < $3852

    So, it seems that paying ~$500 / yr and getting insurance is a better deal than paying ~$3000 / yr and not getting insurance.

    What am I missing?

    Quote Originally Posted by jmotivator View Post
    ...by your own numbers...
    LOL
    I may be wrong.

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    Re: Obamacare: Is a $2,000 deductible 'affordable?'

    Lets take a step back, the whole purpose of the ACA is to create a program for those who want to purchase but cannot. People who are determined not to purchase still can do this, but with a cost.
    Quote Originally Posted by jmotivator View Post

    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.
    Well now you are just arguing really irrational points.....which is kind of where I thought this would go.
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    When it comes down to it, all facts are cherry picked.
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    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: Obamacare: Is a $2,000 deductible 'affordable?'

    Quote Originally Posted by Gimmesometruth View Post
    Lets take a step back, the whole purpose of the ACA is to create a program for those who want to purchase but cannot. People who are determined not to purchase still can do this, but with a cost. Well now you are just arguing really irrational points.....which is kind of where I thought this would go.
    You're lying

    The purpose of the ACA is to eventually create a single payer system and force Americans to purchase health insurance whether they want to or not

    This crap sandwich was sold on lies and people like you continue to try and defend it with lies and obfuscation

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    Re: Obamacare: Is a $2,000 deductible 'affordable?'

    Quote Originally Posted by jmotivator View Post
    Go look it up yourself. The office visit of the Chicago plan was 100% coverage after deductible, for example. It was certainly no worse that the plan posted in the OP.
    I did look up a plan simply out of curiosity and the plan details for coverage for me and my spouse was pretty bad at a wonderful cheap price of 372.00 per month...bottom line is you get what you pay for!

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    Re: Obamacare: Is a $2,000 deductible 'affordable?'

    Quote Originally Posted by Gimmesometruth View Post
    Lets take a step back, the whole purpose of the ACA is to create a program for those who want to purchase but cannot. People who are determined not to purchase still can do this, but with a cost. Well now you are just arguing really irrational points.....which is kind of where I thought this would go.
    Coverage may be unaffordable for low-wage workers

    WASHINGTON (AP) It's called the Affordable Care Act, but President Barack Obama's health care law may turn out to be unaffordable for many low-wage workers, including employees at big chain restaurants, retail stores and hotels.

    Many are expected to remain uninsured, possibly risking fines. That's due to another provision: the law says workers with an offer of "affordable" workplace coverage aren't entitled to new tax credits for private insurance, which could be a better deal for those on the lower rungs of the middle class.
    Low wage workers are going to have to pay a fine and still not be covered

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    Re: Obamacare: Is a $2,000 deductible 'affordable?'

    Quote Originally Posted by straykatz View Post
    I did look up a plan simply out of curiosity and the plan details for coverage for me and my spouse was pretty bad at a wonderful cheap price of 372.00 per month...bottom line is you get what you pay for!
    Any specific data? How does it compare to the plan in the OP?

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    Re: Obamacare: Is a $2,000 deductible 'affordable?'

    Quote Originally Posted by Simon W. Moon View Post
    What does that mean exactly?
    Istm, that ~$40/mo * 12mo => ~$500/yr, and that $500/yr < $3852


    So, it seems that paying ~$500 / yr and getting insurance is a better deal than paying ~$3000 / yr and not getting insurance.

    What am I missing?

    You are missing that the penalty for not participating is lower than the cost of participating even with the subsidies included.

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    Re: Obamacare: Is a $2,000 deductible 'affordable?'

    Quote Originally Posted by straykatz View Post
    I did look up a plan simply out of curiosity and the plan details for coverage for me and my spouse was pretty bad at a wonderful cheap price of 372.00 per month...bottom line is you get what you pay for!
    That is my concern. My cost will be extremely low and in all likelihood the care I get and the doctors I get will be the low quality ones. The good docs will move to plans only the rich can afford and the rest of us will be left with the culls.

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