Obama care collapsing.....

camille70 said:

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.

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Oompa Loompa said:

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.

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Oompa Loompa said:

Swe o

See post 258.

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Oompa Loompa said:

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.

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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

Oompa Loompa said:

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.

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Oompa Loompa said:

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.

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essentialsaltes said:

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.

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wing2000 said:

$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!

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