RoadWarriorFromLP

The Manhattan Institute is not what one would call an objective source.

RoadWarriorFromLP

Insurance is a nuisance, until you need it.

scrubbedexpat099

I checked a few States, shows premium going up and going down.

If you have another source please post.

RoadWarriorFromLP

(N)ongroup premiums are estimated to remain unchanged at the national level and in many states. Further, after accounting for tax credits, average out-of-pocket premium spending in the nongroup market is estimated to decline or remain unchanged in all states considered and in the nation overall.

http://www.rand.org/content/dam/rand...RAND_RR189.pdf

Giantaxe

Aren't women individuals?

We all benefit when the number of uninsureds is reduced as it means less uninsured costs picked up by others and less people showing up at the emergency room for either non-emergency or for things that wouldn't have been an emergency if addressed in a primary care situation. The under 26 provision has added over 3 million to the rolls of the insured.

Michael

Interesting but I wonder how they made the comparison. There are 4 plans in ACA and hundreds of different individual private plans and wonder if they took the average cost of individual plans and compared that to the average cost of the 4 plans in ACA.

If they only took into account people that could afford health insurance since they didn't have a pre-existing condition from the private market place and compared that to ACA which includes coverage for pre-existing conditions and didn't consider deductibles, co-pays, maximum out of pocket expense, and medical exclusions, a table like that could easily be produced but I don't know how what it would indicate.

scrubbedexpat099

Well I guess the same could be said for Motor Insurance if younger drivers were not so heavily penalised?

Giantaxe

I wasn't aware that there's an "emergency room" facility for cars where you can take them to repair damage for free if you don't have "motor insurance".

Giantaxe

I do: nothing.

paul32x

You're absolutely right. I've enrolled and the policy offered was $95 a month, great, but with a $6,500 deductible. The only way to view it really, is as catastrophic insurance, which of course it's not sold as! The 'choice' in Florida was pretty abysmal.

Nutmegger

How does a self-employed person know what they will earn in the coming year? The way it was explained, he has to show what he earned on his last tax return and the initial subsidy will be based upon that. Then he will have to submit the 2013 return. The subsidy is a sliding scale and could be adjusted up or down in line with his earnings, so that if he had a great year he could end up owing money for his coverage.

scrubbedexpat099

I do not know anybody who knows how much they will earn next year and therefore knows how much they will end up paying for Obamacare.

You guesstimate and go from there. You can change if your circumstances change.

Giantaxe

You can choose to have all, some or none of your projected subsidy applied directly to the cost of your premiums. When you file your 2014 tax return, an adjustment will be made one way or other to your tax liability to reconcile the difference between what you took up front in subsidy and what the subsidy actually turns out to be. Your 2013 tax return doesn't have any bearing on this.

Giantaxe

You have the option of a silver (or better) plan with lower deductibles.

Jan Alaska

All this talk about 'healthy young people who rarely see doctors' makes me laugh, between DH and myself we have 8 children 5 of them (2 in the UK) practically live at the doctors with ailments ranging from anxiety and depression to high cholesterol and *cough* ED (he left a script for cialis on the front seat of our truck). The oldest who has cholesterol problems had quite a shock when he found out he couldn't drink Dr.Pepper for breakfast and eat fast food 3 times a day, his g/f raves about how good she feels now shes on Adderall, the doctor said it would make her feel better so whats the harm in that eh ?
Meanwhile DH and myself have no pre-existing conditions, we eat a healthy diet with very little processed food and no fast food at all, visit the doctor only when we absolutely need to (my last visit was for a broken coccyx, 3 xrays 5 mins talking to a doctor cost us $680, couldn't use the insurance as we hadn't reached our deductible and the dr I saw in ER was out of network) We take only daily vitamins and he takes half an asprin yet because of our age we are apparently higher risk and so under ACA would pay more than our sickly offspring.
Luckily our BCBS isn't changing (for now) so we aren't having to deal with the whole debacle of Obarrycare.

I'm all for universal health care but in the US its all about treating the illness not the symptoms, doctors are too quick with the prescription pad and too slow to spend time finding out what actually causes the illness in the beginning.