[FairfieldLife] Re: How the healthcare bill may INCREASE the number of uninsured.
I wonder how long it will take for Obama to completely bankrupt the entire Country? after all Barack Obama believes America is a Rich Country, Pres. Debate '08. --- In FairfieldLife@yahoogroups.com, ShempMcGurk shempmcg...@... wrote: How Obamacare Will Hurt Young People by Dick Morris [http://www.gravatar.com/avatar/2971de6b63f404f0c8e20c809753324b?s=28d=\ http%3A%2F%2Fwww.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb652353\ 6%3Fs%3D28r=G] Posted by Dick Morris http://frontpagemag.com/author/dick-morris/ on Dec 21st, 2009 and filed under FrontPage http://frontpagemag.com/category/front-page/ . You can follow any responses to this entry through the RSS 2.0 http://frontpagemag.com/2009/12/21/how-obamacare-will-hurt-young-people\ -by-dick-morris/feed/ . You can leave a response or trackback to this entry [Print This Post] http://frontpagemag.com/2009/12/21/how-obamacare-will-hurt-young-people\ -by-dick-morris/print/ Print This Post http://frontpagemag.com/2009/12/21/how-obamacare-will-hurt-young-people\ -by-dick-morris/print/ [Teenage Problems, Social Issues and Bullying] A detailed analysis of the Obama health care program now before the Senate indicates that it will force big premium increases for all families http://frontpagemag.com/wp-admin/# , especially for those under 30 years of age. The study http://frontpagemag.com/wp-admin/# , by the consulting firm of Oliver Wyman, concludes that premiums for individuals will rise by $1,576 and $3,341 for families by under the bill. Young people will be hit the hardest. The study predicted that premiums for new health insurance policies purchased by the youngest third of the population would rise by 35 percent under the bill. These increases will stem from the bill's provisions that bar http://frontpagemag.com/wp-admin/# insurance companies from raising rates on sick people and from excluding people based on pre-existing conditions. Both of these mandates will mean higher costs for the younger and healthier population. This bill is, in effect, a tax on the young. Nor will subsidies do much to mitigate the impact. To get a subsidy under the bill, you have to earn less than about $80,000 a year (combined household income) and have spent between 2 percent and 10 percent of your income on premiums http://frontpagemag.com/wp-admin/# . So a couple making a combined income of $40,000 would have to pay about 5 percent of their income, $2,000, before they could get subsidies. Those making $60,000 would have to pay about 8 percent of their income $4,800 before they could get a subsidy. And those making $80,000 would have to chip in 10 percent of their income $8,000 before they would get a subsidy. These are hefty bills for young families to bear. So most won't do it. The fine for failing to have health insurance [http://images.intellitxt.com/ast/adTypes/2_bing.gif] http://frontpagemag.com/wp-admin/# is only $750. So most young people will just pay the fine and be done with it. When they get sick, they'll get covered and the insurance company can't charge them a higher premium than it would have charged when they were healthy. And it can't turn them away. So this bill is not a measure for full national health insurance coverage. At best, it's a bill that will insure you when you are sick and make the rest of us pay the bill. And, in the meantime, you'll have to chip in $750 a year for the privilege. Employers, too, will find it much cheaper to pay the $750 per employee than to buy insurance. Ironically, there is a good chance that this bill will actually increase the number of uninsured. Its ban on letting insurers raise rates on sick people will force premiums so high that many people will drop their insurance. After all, when they get sick, they can and will easily get their insurance back.
Re: [FairfieldLife] Re: How the healthcare bill may INCREASE the number of uninsured.
You mean default? Why hell, all he has to do is print up more money! From: BillyG wg...@yahoo.com To: FairfieldLife@yahoogroups.com Sent: Mon, December 21, 2009 7:09:14 AM Subject: [FairfieldLife] Re: How the healthcare bill may INCREASE the number of uninsured. I wonder how long it will take for Obama to completely bankrupt the entire Country? after all Barack Obama believes America is a Rich Country, Pres. Debate '08. --- In FairfieldLife@ yahoogroups. com, ShempMcGurk shempmcgurk@ ... wrote: How Obamacare Will Hurt Young People – by Dick Morris [http://www.gravatar.com/avatar/2971de6b63f404f0c8e20c809753324b?s=28d= on Dec 21st, 2009 and filed under FrontPage http://frontpagemag.com/category/front-page/ . You can follow any responses to this entry through the RSS 2.0 http://frontpagemag.com/2009/12/21/how-obamacare-will-hurt-young-people , especially for those under 30 years of age. The study http://frontpagemag .com/wp-admin/ # , by the consulting firm of Oliver Wyman, concludes that premiums for individuals will rise by $1,576 and $3,341 for families by under the bill. Young people will be hit the hardest. The study predicted that premiums for new health insurance policies purchased by the youngest third of the population would rise by 35 percent under the bill. These increases will stem from the bill's provisions that bar http://frontpagemag .com/wp-admin/ # insurance companies from raising rates on sick people and from excluding people based on pre-existing conditions. Both of these mandates will mean higher costs for the younger and healthier population. This bill is, in effect, a tax on the young. Nor will subsidies do much to mitigate the impact. To get a subsidy under the bill, you have to earn less than about $80,000 a year (combined household income) and have spent between 2 percent and 10 percent of your income on premiums http://frontpagemag .com/wp-admin/ # . So a couple making a combined income of $40,000 would have to pay about 5 percent of their income, $2,000, before they could get subsidies. Those making $60,000 would have to pay about 8 percent of their income — $4,800 – before they could get a subsidy. And those making $80,000 would have to chip in 10 percent of their income — $8,000 — before they would get a subsidy. These are hefty bills for young families to bear. So most won't do it. The fine for failing to have health insurance [http://images. intellitxt. com/ast/adTypes/ 2_bing.gif] http://frontpagemag .com/wp-admin/ # is only $750. So most young people will just pay the fine and be done with it. When they get sick, they'll get covered and the insurance company can't charge them a higher premium than it would have charged when they were healthy. And it can't turn them away. So this bill is not a measure for full national health insurance coverage. At best, it's a bill that will insure you when you are sick and make the rest of us pay the bill. And, in the meantime, you'll have to chip in $750 a year for the privilege. Employers, too, will find it much cheaper to pay the $750 per employee than to buy insurance. Ironically, there is a good chance that this bill will actually increase the number of uninsured. Its ban on letting insurers raise rates on sick people will force premiums so high that many people will drop their insurance. After all, when they get sick, they can and will easily get their insurance back.
[FairfieldLife] Re: How the healthcare bill may INCREASE the number of uninsured.
BillyG wrote: I wonder how long it will take for Obama to completely bankrupt the entire Country... Apparently he's working on it this week, Billy. According to Obama, without the passage of the health care 'reform' bill, America will be bankrupt. But, I thought American was already bankrupt, and that was the reason for the economic bailout. Go figure. But, it's not all bad news, Billy. At least the U.S. didn't get bullied into giving away more billions of dollars at Copenhagen! The Copenhagen Accord is merely a UN decision that has no legal standing and there is no timetable to turn it into a proper treaty... 'Copenhagen climate summit: report card' Telegraph, December 21, 2009 http://tinyurl.com/ybey4e5
[FairfieldLife] Re: How the healthcare bill may INCREASE the number of uninsured.
--- In FairfieldLife@yahoogroups.com, WillyTex willy...@... wrote: But, it's not all bad news, Billy. At least the U.S. didn't get bullied into giving away more billions of dollars at Copenhagen! The Copenhagen Accord is merely a UN decision that has no legal standing and there is no timetable to turn it into a proper treaty... 'Copenhagen climate summit: report card' Telegraph, December 21, 2009 http://tinyurl.com/ybey4e5 Let's not forget about the EPA Gestapo!! The strong arm of the environmentalist wacko movement! AKA, the Greens! The end is near The sky is falling and other original proclamations It would take a land mass the size of Tennessee or bigger populated with wind turbines to replace the energy we currently get from coal, the technology is simply not there yet!
