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Thread: Insurance for the young could be less than $50 a month

  1. #41
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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by sangha View Post
    I wonder what the deductible and out of pocket costs are for people who have no insurance?

    Hmmmm.
    Likely 'the deductible and out of pocket costs' are the net worth of these people. Given that the 18-34yo group has very little they can discharge exorbitant medical expenses through bankruptcy as many did college loans prior to GWB, nominal expenses can typically be put on payment plans. And as the stigma associated with personal bankruptcy has ebbed this is no longer much of a setback especially considering their age.
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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Insurance for the young could be less than $50 a month

    Lets get this website up and running to make it a lot easier to apply for these plans. [/FONT][/COLOR]
    I don't know if this has been addressed yet in the thread so I am going to address the OP directly, if it has been addressed already pardon me.

    DS, you left out the very next sentence of the USA Today piece, obviously written to cover for the administration, but none the less anyone who has been around young people know fully well...

    That sentence was:

    "About 1.9 million of uninsured young people in those 34 states, the study showed, could pay $100 a month or less for health insurance with the tax credits."

    Now, first things first. "Tax credits" implies that those buying the plans will pay the premiums up front, then when they file their taxes there will be a formula to asses the tax credit due. So, let's say that their premium is $225. per month, or $2700. per year. And they make about $22K per year*.... Now that breaks down to give or take $340 per week take home, after taxes.

    Now, if I have the general opening of my theory correct, and the tax credit doesn't take place until the end of the year with filing taxes, that means that $225. comes right off the top of a monthly income of +/- $1360. cash in pocket, leaving our young person with $1135.

    Keep in mind that if our young person lives on their own, they have to pay for their living expenses. I went on citydata, and did a little research recently, because I have a niece that has been staying with us that is moving out this weekend into her own place, so I know the expenses involved real time. Let me lay them out for you....


    Rent = $575
    Electric = $75 **
    Phone = $70
    Car Insurance = $125
    Groceries and incidentals = $280

    Sub total = $1130

    As you can see here this budget with paying the $225 per month premium means that our young person can not afford gas to get to work, and any other things that may be necessary to what most of us take for granted.

    With the choice between paying up front enough to break their budgets, or wait until the end of the year, and take the $95 hit, the choice is clear.

    Keep in mind also that this doesn't take into account that should they wind up in a hospital, with O-care, under the Bronze plan their likely deductible will be $5000. They might as well not have insurance.

    *The $22K figure is my own estimate, not in any way taken from anything other than my own observations.

    **The $75 for monthly electric bill is an estimate give me in our area by Duke Energy for a typical one bedroom apartment, and depends on actual usage.
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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by Samhain View Post
    Well, the premium is 0.00, its a 0.00 deductible. They are only paying for what they use, so unless they need something, their out of pocket is 0.00. When they do need something, costs are extremely discounted.

    And then, the best part, is they can buy insurance when they get something that they need.

    All 100% possible, and the most likely outcome, all thanks to the ACA.

    And if they need more health care than they can afford, the moochers get to dump their expenses on everyone else!!!

    What could go wrong with that?

    Quote Originally Posted by Dickieboy View Post
    Likely 'the deductible and out of pocket costs' are the net worth of these people. Given that the 18-34yo group has very little they can discharge exorbitant medical expenses through bankruptcy as many did college loans prior to GWB, nominal expenses can typically be put on payment plans. And as the stigma associated with personal bankruptcy has ebbed this is no longer much of a setback especially considering their age.
    see above
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by sangha View Post
    And if they need more health care than they can afford, the moochers get to dump their expenses on everyone else!!!

    What could go wrong with that?





    see above
    Why does a 58 year old couple need maternity care?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by j-mac View Post
    Why does a 58 year old couple need maternity care?
    Every insurance policy covers thousands of various medical conditions.

    The insured person will never use the coverage for 99.9999% of them
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by sangha View Post
    Every insurance policy covers thousands of various medical conditions.

    The insured person will never use the coverage for 99.9999% of them
    That's not what I asked. Can you answer the question?
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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by j-mac View Post
    That's not what I asked. Can you answer the question?
    My response answers the question. If you don't understand it, that's not my fault
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  8. #48
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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by sangha View Post
    My response answers the question. If you don't understand it, that's not my fault
    No sir, my question asks a specific question, your response deflects by giving a general answer.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by Fisher View Post
    How many of these folks can afford the $5K deductible and $60 co pays for the "free" annual services?
    You don't have to pay a deductible for annual check ups and preventative services. If you don't know anything about health insurance it's best to read up on it before discussing it.
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

  10. #50
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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by j-mac View Post
    Why does a 58 year old couple need maternity care?
    They don't. That's why they don't pay for it. Even though their plan covers it. My wife and I are covered under the exact same insurance plan. It covers the exact same procedures in every single way. Yet my insurance costs alot less. And thats because the insurance company, even though if I got pregnant would be required to cover the expense, they know that's not going to happen so I don't get charged for it. And the people at my office that have the same insurance policy get a reduction for their wives once they reach a certain age because they are no longer determined to be in the "Child birthing age". So even though their insurance covers it, they don't get charged for it, or at least don't get charged nearly as much for it, because it's extremely unlikely that they will use it.

    That's why not everyone pays the same for insurance J. The insurance companies get your age and determine if you are likely to be needing such a service before charging you for it.

    If you knew anything about insurance you'd know that. This is nothing new. This has been around long before ObamaCare. At no point did they have separate plans for old people, men, women, and younger people. You signed up for a plan, and they charged you based on how likely it was that you would use the services.
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

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