View Poll Results: Will ObamaCare reduce healthcare costs and insurance preminums?

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  • Yes, ObamaCare will reduce healthcare costs and insurance premiums

    19 26.03%
  • No, ObamaCare will increase healthcare costs and insurance premiums

    45 61.64%
  • IDK/other

    9 12.33%
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Thread: Will ObamaCare reduce healthcare costs and insurance premiums?

  1. #61
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    Re: Will ObamaCare reduce healthcare costs and insurance premiums?

    Quote Originally Posted by francois60 View Post
    So money hasn't been saved, the cost has just been shifted from hospitals and insurance companies to taxpayers.
    I would argue against that. First it's not like the hospitals and insurance companies are eating the costs for the public good. It just goes into everyone's premium. I would also point out that when it goes through the gauntlet of insurance company and hospital billing systems with their administrative fees and convoluted billing processes who knows what the actual cost is to premiums. Based on one study it's a little over 1,000 dollars a year in premium costs.

    Again, that's an argument with spotty evidence in support of it. The studies on whether preventive care saves money or costs money are contradictory, and national health systems seem to come firmly down on the side of favoring emergency room care over preventive.
    I haven't seen anything regarding ER use comparisons between the US and other countries and if you have a link I'd appreciate reading over 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

  2. #62
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    Re: Will ObamaCare reduce healthcare costs and insurance premiums?

    Quote Originally Posted by francois60 View Post
    The main difference is that Medicare is more generous to providers than a national single payer plan could ever be. Medicare ALONE is fiscally unsustainable, extending it to the whole country is simply impossible unless the provider payments are cut down to Canadian or British levels.
    Medicare is much more efficient than our current private system. If Medicare is unsustainable then there's no hope for our private insurance system.

    I could agree with your second part regarding some individuals private insurance benefits but there are so many provisions baked into tax laws that create an incentive to avoid taxes by pumping money into expensive plans that of course companies are willing to throw tax free money at Cadillac plans rather than paying payroll taxes on an actual salary.
    “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

  3. #63
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    Re: Will ObamaCare reduce healthcare costs and insurance premiums?

    I have no idea what it's going to do to insurance premiums. I don't think anyone does.
    If you build a man a fire, he'll be warm for a day.

    If you set a man on fire, he'll be warm for the rest of his life.

  4. #64
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    Re: Will ObamaCare reduce healthcare costs and insurance premiums?

    Quote Originally Posted by iliveonramen View Post
    I haven't seen anything regarding ER use comparisons between the US and other countries and if you have a link I'd appreciate reading over it.
    I don't know about ER use, I just know that if you go to an ER in a single payer system, you get seen right away, whereas you wait a long time for a doctor. Good preventive care requires prompt and regular testing.

  5. #65
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    Re: Will ObamaCare reduce healthcare costs and insurance premiums?

    Quote Originally Posted by iliveonramen View Post
    Medicare is much more efficient than our current private system. If Medicare is unsustainable then there's no hope for our private insurance system.
    The private sector operates along different rules. As long as people are willing to pay the rising premiums, the model works. If people aren't willing to pay the rising premiums, then the insurance companies skimp to make the premiums affordable. Such as reducing the size of their provider networks or covering less.

    Governments can sometimes do this as well, but it's harder for the government to cut back when it becomes necessary because there are a lot of free riders who don't pay in or pay very little, or paid in when they were younger.

    I could agree with your second part regarding some individuals private insurance benefits but there are so many provisions baked into tax laws that create an incentive to avoid taxes by pumping money into expensive plans that of course companies are willing to throw tax free money at Cadillac plans rather than paying payroll taxes on an actual salary.
    But the reason those tax provisions continue is because there's a powerful constituency in favor of keeping them. Single payer is ultimately an egalitarian ideal that only works when few have great health insurance to begin with. If 20% have a better deal than they'd get from a single payer system, that's enough to sink it.

  6. #66
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    Re: Will ObamaCare reduce healthcare costs and insurance premiums?

    should have made this an open poll.

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    Re: Will ObamaCare reduce healthcare costs and insurance premiums?

    Need health care coverage? Just dial 1-800-F**KYO to reach Obamacare’s national hotline

    Need health insurance? The Obama administration has you covered. Simply dial 1-800-****YO to reach the next available health-care provider.
    http://dailycaller.com/2013/10/03/ne...ional-hotline/

  8. #68
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    Re: Will ObamaCare reduce healthcare costs and insurance premiums?

    Quote Originally Posted by joko104 View Post
    President Obama and Democratic leadership promised ObamaCare/The Affordable Healthcare Act will reduce national healthcare costs and reduce insurance premiums.

    Was that a truthful promise?
    not so far, premiums are up and cost for services are increasing as well.

  9. #69
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    Re: Will ObamaCare reduce healthcare costs and insurance premiums?

    IMO, it will increase costs, at least short-term.

    But I mainly think this because it's a government program, and government programs always make whatever it is they are trying to do more expensive than they would be otherwise.
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

  10. #70
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    Re: Will ObamaCare reduce healthcare costs and insurance premiums?

    Not always, but in this case the mechanism is clear: forcing insurance companies to provide more services means insurance costs more. There is no free lunch.

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