Sunday, October 20, 2013

Obama Care---Do the Math

Let’s just figure out, who is in a hurry to sign up for Obamacare? If you are at high risk from a previous or current health condition, chances are any insurance is unaffordable and this would supplement what health care you currently can afford. If you are currently collecting food stamps, we can assume that health care premiums are not a high priority from a budget stand point, but if it is free or highly subsidized, you mise well apply for it.

There are three health plans, Bronze, Silver and Platinum. If we look at the Bronze plan, it’s about $150 a month and there is a $5,000 deductible (the figures on this are all over the map, its a little like buying a car). If you’re broke and on food stamps, where does the $5,000 come from for the deductible? Better yet, where does the $150 a month premium come from?

So the flood of people that will sign up for health insurance, need help in paying for what they are already receiving. When you hear someone say, “I can’t pay for all of my medications and treatments, I need health insurance,” forget the words health insurance, they are past that. They need a government subsidy. The real definition of insurance is to pay over time for an event that may occur that you could not afford to pay for in a very short time. The idea that if you can’t cover the cost of your health care, the government should step in to make up the difference, is not what insurance is all about.

A majority of people who are uninsured and not sick, are in no real hurry to sign up for health care. Maybe it will be like taxes, the employer will withhold the monthly premium charge from your paycheck. Of course if you don't have a job, that's the least of your worries. Got Health Insurance?


Anonymous said...

I'm signed up for the physical "Gold" plan!

Jim in San Marcos said...

Hi Anon

The phyical gold plan is a good one. Preserve what you have before it vaporizes