Obama care collapsing.....

[Oompa Loompa]

When you stop subsidizing, then the insured pays 100%, which is what will happen if a solution isn't found. So people will most likely drop coverage, or choose a junk plans that don't meet aca standards of coverage. As I've posted before, those were supposed to be temporary plans lasting no more than 4 months, but Trump changed the rules so they can last up to 3 years.

The subsidy model isnt new with the ACA. It's the same model with employers. Employees pay part and the employer subsidizes the rest. Since its the govt exchange the govt takes on that role.

Aca participants have more choice than employees do. Short of changing to Medicare for all, this is the model we have to work with.

The profits wont crumble though, higher prices just get.passed on to the rest of us. Hospitals are still required to provide emergency care. We will be paying higher prices to compensate for the uninsured.

No. The insured will not pay 100%. I know this may seem like a fairytale, but at one time, the government did not subsidie insurance companies. This was a time before Barack Obama. When people could get premium health insurance for their entire family for less than $600 per month. Now, you are lucky to find a bronze plan for $2k. Why? Because Obama created a system in which billions of dollars are directly given to insurance companies for doing absolutely nothing in return.

 

[Belk]

I assume it goes toward insurance premiums. Which, in a sense, is practically what is happening now. The only difference, as far as I can tell, is that people are no longer limited to selecting only what is available on the Obamacare marketplace. However, I can see a floodgate of fraud with pop-up fake insurance companies begging for your voucher money. I am afraid that the only solution is stop all subsidizing, and premiums will drop like a rock. When insurance companies realize that Uncle Sam is no longer giving everyone $2,000 per month to cover premiums, premiums will almost instantly drop by $2,000 within weeks, and their profits will crumble.

Swe o

See post 258.

 

[Belk]

No. The insured will not pay 100%. I know this may seem like a fairytale, but at one time, the government did not subsidie insurance companies. This was a time before Barack Obama. When people could get premium health insurance for their entire family for less than $600 per month. Now, you are lucky to find a bronze plan for $2k. Why? Because Obama created a system in which billions of dollars are directly given to insurance companies for doing absolutely nothing in return.

This ignores how risk pooling works.

Risk Pooling: How Health Insurance in the Individual Market Works - Actuary.org

For a print-ready PDF of this page, click here. What is risk pooling? The pooling of risk is fundamental to the concept of insurance. A health insurance risk pool is a group of individuals whose medical costs are combined to calculate premiums. Pooling risks together allows the higher costs of...

actuary.org

 

[iluvatar5150]

No. The insured will not pay 100%. I know this may seem like a fairytale, but at one time, the government did not subsidie insurance companies. This was a time before Barack Obama. When people could get premium health insurance for their entire family for less than $600 per month. Now, you are lucky to find a bronze plan for $2k. Why? Because Obama created a system in which billions of dollars are directly given to insurance companies for doing absolutely nothing in return.

For one thing, "before Barack Obama" was almost 20 years ago. Everything is more expensive now.

Second, what did that pre-Obama family plan cover? Part of the problem with plans on the older individual market was that they often didn't cover very much and/or had severe restrictions like lifetime payout caps or overly broad definitions of pre-existing conditions. This AHIP study from 2006/2007 shows average individual rates in line with what you described, but also shows how rates were higher in states that had rules prohibiting some of these sorts of restrictions (which makes sense). According to a Kaiser poll from 2008, average premiums for employer-sponsored family plans were $12,680 and had nearly doubled in the 8 years prior, so it's not like there wasn't a problem.

 

[wing2000]

I believe the plan that has been tossed around was to give people vouchers directly so they can buy whatever health insurance they want. Better than throwing more money at insurance companies so they can raise rates and profit margins.

$2,000 in our HSA.? That might cover the ER facility fee...but not much else....but I'm sure my superior negotiating skills will convice the Hospital to lower my bill!

 

[wing2000]

President Donald Trump has not endorsed a plan to prevent Obamacare rates from spiking in three weeks, leaving Republicans without a clear path ahead of a key vote.

....apparently helpless unless Trump weighs in?

 

[Belk]

$2,000 in our HSA.? That might cover the ER facility fee...but not much else....but I'm sure my superior negotiating skills will convice the Hospital to lower my bill!

My current insurance plan is $2,000 a month. Per person.