Get ready for 2014, when Obamacare will *&^% small businesses even harder
Medical costs are going up again, specifically for those who run small businesses and buy coverage on the individual market.
Here are some important snippets: "Some 15 million Americans, or about 6% of non-elderly adults, currently buy coverage on the individual market." "Just over half of the individual plans currently on the market do not meet the standards to be sold next year, when many key provisions of President Obama's Affordable Care Act kick in, according to a University of Chicago study. That's because the law sets new minimums for the basic coverage every individual health care plan must provide." "Most individual plans sold next year, even the lowest-level "bronze" plans, are likely to charge higher premiums than today's most bare-bones individual insurance. " "The insurance industry's trade group counters that some people may wind up with more coverage -- and higher monthly costs -- than they want. Some individuals may choose to simply pay the fine instead, said Robert Zirkelbach, a spokesman for America's Health Insurance Plans." As a healthy 30 year old, at what point do I just put all of my assets into a Trust, pay the 1% fine and put the $600-800/month I would be paying for insurance coverage into a mutual fund and roll the dice. ERs are obligated to treat me regardless of ability to pay and if I have some catastrophic medical episode, merely declare bankruptcy. This is a no-brainer for any healthy 26 y/o being kicked off their parents coverage that makes more than $45k and has to find individual coverage. Pay the For the full article: http://money.cnn.com/2013/04/03/news...html?hpt=hp_t2 |
JD, any rational person would really take your comments to heart, because (1) you are an entrepeneaur and can speak from real experience, and (2) you are not a right-wing nut job who bashes everything Obama does.
The timing of the impacts of Obamacare could be disastrous for the Democrats in the 2014 elections. Obamacare was the reason that the GOP opened up a major can of whoop-ass on the liberals in 2010, and that was when Obamacare was just a conceptual discussion. When people start to feel actual pain, it could really help the GOP in 2014. If someone's bottom-line is actually impacted, it's a bit harder for the liberals to say that concern for Obamacare is merely a lie perpetuated by the racists at FauxNews. There are 21 Democrat Senators up for election in 2014, and I believe only 14 Republicans. Many of the 21 Democrats are from purple and red states who rode Obama's coat-tails to victory in 2008. In 2014, they will have to stand on their own. If Obamacare does what you think it's going to do, those Democrats may be vulnerable, to say the least. |
What's most telling to me is a Medical Insurance Industry affiliation of all people is stating (and I paraphrase) "forcing people to buy [our services] could be a bad thing."
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And you never answered me in that post, did you?
Your obsession with me is getting a little scary. |
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There have been multiple threads where you have done that. On some I hadn't even posted in the thread and actually saw my name mentioned a week or 2 later when I first read the post.
Have I discussed the impacts of Obamacare that much? The only thread that I have extensively discussed the impacts was the one 2-3 weeks ago where someone said his premium went up like $2,500 in one year b/c of Obamacare and I showed that there was nothing implemented to that point that would account for that increase. Your link had NOTHING to do with what I had posted. |
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Such as CT and Mass, for example... |
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This is only going to make things go from really bad to something much much worse !
I don't know about others here but for us I've never see things so slow in my 35 years of doing the work I do. Scary times !!! |
the list is getting long isn't it?
Obamacare.......:rotf2: Food Stamps and Unemployment check as economic stimulus...:rotf2: Global Warming/Climate Change....:rotf2: O would improve our image abroad....:rotf2: O would cut the deficit in half......:rotf2: fun to go back and read/listen to the promises and statements made that by this guy and apply them today....4 more years.... heard on the way home yesterday that the Prez has taken the incredible step of reducing his salary by 5% in a show of solidarity with furloughed workers.....you only do something like this if you truly believe that those that support you are either dazed idol worshippers or complete idiots... I don't think the furloughed workers, for the most part, have the type of salary the O has to begin with, they're probably not enjoying multi-million dollar vacations on a routine basis at the tax payers expense, probably don't have a large expense account to go with their salary(The president also gets a cool $50,000 expense account $100,000 for travel expenses. In addition, there's $19,000 allotted for official entertaining. Although the salary is taxable, these other benefits aren't.), probably don't have all of their daily activities paid for by the taxpayer or a massive campaign warchest, their wives probably don't have a massive spending allowance and staff like the First Lady costing in the millions, don't think the Prez has a car payment or a helicopter payment or a Air Force 1 payment, electric bill, and on and on.... so lopping 5% off of his salary means exactly what again???????? |
Mitt never took a paycheck for any public service.
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great :rollem: just what I need is to get porked over some more
with this wonderful economy we have it's so easy to just pass this extra cost on to the consumer right? already working harder for less money now, if I made any less money, I'd be paying the customer to do work for them :wall: If things continue to get worse and not better, I will just have to get some of that state insurance and suffer along with the rest of the poor:smash: obamacare, ya great idea there, way to stimulate business:yak5: isn't there anybody with brains in charge of this country? |
Anybody with any brains stays away from the sewer of American Politics.
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From what I've been told, at that young of an age you don't need a physical every year if you're healthy. I know a lot of younger people are doing/plan to do exactly what you are talking about. |
Pay the fine and take the risk of your pay/salary being garnished until your medical bills are paid off or having a lien placed on your estate.
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This isn't a question of "what to do". It's an issue of costs increasing significantly (as widely predicted, mind you) while Obama promised "a decrease of $2500/yr in family medical costs". It's almost like Obama and the Democrats wake up each morning and go "hmmm... how can we further force more government impositions onto the individual while also further #^&#^&#^&#^&ing over the economy in the process." |
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My next post will show the penalty amounts, can't upload via the phone [IMG]http://i874.photobucket.com/albums/a...4-23-08-45.png[/IMG] |
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the funding mechanism and lynch pin for this was supposed to be the exchanges...this is where you were going to go when you employer's or private plan became unaffordable :confused: another giant government bureaucracy disaster:uhuh: "The Obama administration now says a special system of exchanges designed to make it easier for small businesses to provide insurance will be delayed an entire year -- to 2015. "Lots of small businesses struggle with providing insurance for their workers so this was supposed to facilitate it and make it easier for small business to do this," said Jim Capretta of the Ethics and Public Policy Center. "It was a huge portion of the sale job. When they passed the law in 2010 there were many senators and members of Congress who were saying 'I am doing this because it's going to help small businesses.'" :rotf2: probably the same senators and members of congress that are also pushing to boost the minimum wage |
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One item I did leave out is that the penalty cannot be higher than the average cost of the Bronze Plan. Something I haven't looked at is what types of deductibles and coverage comes with the Bronze Plan. Now, if you consider that the penalty *doubles* in 2015, it looks like Obamacare takes into consideration Obama's promise of "cheaper health care" was laughable - as costs are projected to continue to soar. Quote:
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The cheat sheet was added to post #19 however it is for the MA plan not Obama.
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