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Thread: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143:248]

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    Re: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143]

    Quote Originally Posted by j-mac View Post
    Well, earlier you started using the same arguments of the progressive left, I assumed that you wanted the same outcomes.
    The outcomes being that Congress laid down? Is it naptime for them?

    Quote Originally Posted by j-mac View Post
    "This will only come as a surprise to President Obama’s most gullible admirers: The Congressional Budget Office (CBO) now claims that the president’s signature health care legislation will cost hundreds of billions of dollars more than originally predicted. So naturally, the media are running headlines claiming ObamaCare will cost less.

    No serious policy person ever believed the original CBO gross cost projection of $938 billion (over 10 years) made when the bill was rammed through Congress in March of 2010. Working to achieve an acceptable CBO “score” (i.e., cost projection) is just part of the game Washington plays with legislation—and the American people.

    To begin with, the costs in the legislation were back-loaded: Many of the costs won’t emerge until the latter half of the initial 10-year projection, ending in 2019. And sure enough, when the CBO issued its update in March 2011 the 10-year gross cost projection through 2021 jumped to $1.44 trillion. The just-released 2012 projection tags the gross cost at $1.76 trillion through 2022—nearly twice the original cost. Surprise!"

    I'm Shocked! ObamaCare Costs More Than Promised - Forbes

    Where have you been?
    Sounds like you're right there. According to this, Medicare part D costs only $62 billion a year vs (according to your figures) somewhere between 93 and 170 billion.

    Of course, Medicare D is a lot more limited in scope.
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    Re: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143]

    Quote Originally Posted by Mycroft View Post
    Obamacare wouldn't need to be fixed if it had never been enacted.
    But the health care system still would.

    but, on the other hand, it still does.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143]

    Quote Originally Posted by Dr. Chuckles View Post
    if it's in anyway structure like the mass plan or ACA, it isn't viable without the individual mandate
    It is if you have very limited enrollment periods, or penalties for late insurance. Most employers don't require their employees to buy their health insurance and it works out great. Due to the fact people get only a month or so a year to enroll.

    But even if we did go with a tax penalty, more people would participate since the GOP plan didn't require insurance to cover anything more than what the consumer wanted. So the young and healthy could still buy super cheap plans.

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    Re: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143]

    Quote Originally Posted by francois60 View Post
    It is if you have very limited enrollment periods, or penalties for late insurance. Most employers don't require their employees to buy their health insurance and it works out great. Due to the fact people get only a month or so a year to enroll.

    But even if we did go with a tax penalty, more people would participate since the GOP plan didn't require insurance to cover anything more than what the consumer wanted. So the young and healthy could still buy super cheap plans.
    usually employee group plans are a form of compensation, with the employer footing a percentage of the bill. This isn't the case here where the full value of the plan will need to be covered by those healthy individuals

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    Re: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143]

    I'm not sure how much that matters, given many healthy employees choose to not take advantage of their employer plans.

    My own employer has awesome benefits besides health care and I feel crazy not to take advantage of every one of them, but they all have some cost, so I can't take them all.

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    Re: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143]

    Quote Originally Posted by francois60 View Post
    I'm not sure how much that matters, given many healthy employees choose to not take advantage of their employer plans.

    My own employer has awesome benefits besides health care and I feel crazy not to take advantage of every one of them, but they all have some cost, so I can't take them all.

    but you do take advantage of some, because otherwise you're missing out on compensation. Here we are expecting enrollment at full price. It only seems logical you would have less participation without some form of incentive to participate.

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    Re: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143]

    Quote Originally Posted by Dr. Chuckles View Post
    usually employee group plans are a form of compensation, with the employer footing a percentage of the bill. This isn't the case here where the full value of the plan will need to be covered by those healthy individuals
    What is even more insidious here, is that from what I understand, that portion that the employer pays as compensation will start to be taxed next year, as income....So peoples taxes go up as well..Then if the employer decides that they will drop the plan for cost reasons, as has happened, I am sure that most employers will not increase their workers pay by a like amount....

    So, those workers, thanks to Obama, and the demo party will less spendable income, higher taxes, and crappier insurance. Good Job libs....I guess in liberal la la land that is counted as success.
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    Re: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143]

    Only if it's above a certain amount. This will mainly effect union health care plans, not your typical employer plan.

    And Dr. Chuckles, you're right, obviously when you reduce the cost of something, there's more demand, when you increase it, there's less. Which might be why a recent Pew poll found that 31% of the uninsured have no interest in the exchanges.

    Public Registers Bumpy Launch of Health Care Exchange Websites | Pew Research Center for the People and the Press

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    Re: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143]

    Quote Originally Posted by francois60 View Post
    Only if it's above a certain amount. This will mainly effect union health care plans, not your typical employer plan.

    And Dr. Chuckles, you're right, obviously when you reduce the cost of something, there's more demand, when you increase it, there's less. Which might be why a recent Pew poll found that 31% of the uninsured have no interest in the exchanges.

    Public Registers Bumpy Launch of Health Care Exchange Websites | Pew Research Center for the People and the Press
    Exchange participation, by full paying, healthy adults, has been a real persistent issue in Massachusetts for obvious reasons

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    Re: Insurers reportedly receiving faulty data from ObamaCare exchanges [W:143]

    Quote Originally Posted by Dr. Chuckles View Post
    Exchange participation, by full paying, healthy adults, has been a real persistent issue in Massachusetts for obvious reasons
    And the national exchanges are going to have the same problem because they took 50% of that population(healthy 20-somethings) and let them stay on their parent's plan.

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