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Why Obamacare will self repeal. Two words summarize why.


Posted: Jan 11, 2017

The debate is over. We do not need to repeal Obamacare; it will repeal itself. Two words summarize why: risk pool. The ACA is founded upon a stunning misconception of the very definition of insurance. Its advocates have mistakenly conflated two unrelated concepts: insurance and welfare – or, more to the point, risk and charity. People buy insurance in order to mitigate risk. We buy fire insurance because there is a slight chance that our house will burn down. If we cannot afford insurance, and our house burns down, we do not go to the insurance company to demand coverage for a pre-existing fire. Instead, we rely on the charity of donors – say, the Salvation Army. We do not demand it, and indeed, we may not receive it, but life has risks, which is why we buy insurance. Obamacare has failed to make the critical distinction, which is why it is collapsing. The only people paying into the system are those who are wealthy enough not to need it and those who are so poor that they pay little or nothing. The rest of us pay the fine for not enrolling, or else we buy a policy that covers everything we will never use. For example, my wife and I are not at risk of getting pregnant, but we are expected to pay anyway. The people who benefit from the ACA do so because they get something for nothing. They do so at the expense of the rest of us. Obamacare will collapse by itself, but there are two simple ways to speed up its destruction. Pick one: either the new president can rescind the executive orders that exempt the privileged few from paying into it – notably, members of Congress and their staffs, along with labor unions. Alternatively, he can issue an executive order exempting everyone. If Congress finds itself burdened with the same law it has imposed on us, its members will quickly find a way to unburden the rest of us. Many substitutes for Obamacare are vastly superior to it. Once the "across state lines" issue has been resolved, and once the concept of medical savings accounts has been implemented, there can be added one more feature: health insurance mortgages. Briefly stated, people can buy "whole life" health insurance policies by taking out a loan to pay, up front, for a lifetime of medical care, based on their actuarial risk factors. The loan could be amortized over say, forty years. The details would be left up to the insurance companies and those who buy the insurance, with neither party being forced into the risk pool. Other creative possibilities exist. There is, however, a big problem: they all require a basic understanding not only of risk pools, but of something else that the social left will never comprehend: freedom.;

The big fat elephant in the room that no one is addressing is - the PENALTY payment for not having

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health insurance.....REPEAL the PENALTY.

Next, we are obviously going to need more doctors per capita. Many of them are getting out of the healthcare business. The AMA consistently suppressed the number of medical school slots throughout the 1970s and 80s to prop up wages. When the doctor shortages started happening they started importing Pakistanis and Indians. New medical schools in the U.S. were not built, even though the population grew by 110 million from 1970 to now.

Medical schools and hospitals get funding for - a certain number of medical students.

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After that amount, no funding. The AMA is trying to keep the number of doctors at a steady rate of growth with the population. But right now they are having a problem with that. As doctors are retiring with the baby boomers faster than new doctors are coming in.

Problem is, many quality people are staying out of the medical field. Too much regulation.

Obamacare is affordable for those with premiums paid - for by others (taxpayers) who must buy

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unaffordable premiums for themselves or pay a penalty.

paid by other people - not a sheeple

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Perhaps you should take the time to do some research instead of just parroting this information regarding the Affordable Care Act. I pay a substantial premium, "other people" do not pay for my insurance, and if I misjudge my yearly income by even a few hundred dollars I pay back a substantial part of it too. I have co-pays, deductibles and get balance billing just like anybody else. I get weary of hearing people say that those of us on the ACA are getting some kind of "freebie."

Many peoiple are getting subsidies for premiums. Therefore, - the statement is correct.

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x

Someone else is being taxed to cover subsidies. - Obamacare premiums are set to rise in

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2017. Someone is going to have to pay (taxpayers).

My premium went from $120 a month to $425 and my deductible went from - $1500 to $7500 and that was

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without a prescription plan.

What about the rest of us? I'm tired of hearing about the Medicaid/Obamacare recipients.

No matter what happens, somebody will benefit and somebody will be hurt. We can’t focus in on one or the other without skewing reality. We need to look at the overall picture. Any socialization of anything will favor one group at the expense of others

Why do you think taking away health care from ObamaCare recipients - sm

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is going to make your insurance rate go down? Why do you deserve health care and poor people do not?
Agree, it is insurance companies who are - behind the higher costs
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I so wanted the ACA to become what it promised - portable healthcare not connected to your job. But that never happened, the insurance attached to jobs became mandatory to accept before you could get the ACA and became even worse.

Even before the ACA, the MTSO I work for had horrible coverage, high deductibles and no copays. Now it's worse. And it's not the ACA's fault.

The ACA had strict guidelines whereby insurance companies could not make big profits, so what (I think anyway) the insurance companies did instead was to jack up the deductibles and premiums to discourage us to use healthcare in the first place. Kind of nasty, eh? That way they get their piece of the pie and since less people are using services they have to pay out less.

Insurance companies sucking up the middle and providing not a lot of anything is what other developed countries do NOT have. Certainly not ones where the CEOs get million dollar bonuses anyway.

The link is about what high deductibles do to health spending (discourage it, even in people who have money I think!). I can certainly vouch for that. I hesitate to get a physical and even a mammogram because the staggering cost of the deductible means if anything is wrong then what?
ACA helped people start their own businesses - ICs and others
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The only reason I was able to strike out on my own business was because I had health insurance through my husband's work plan. The original plan was that he would be able to be self-employed also, but we will not be able to do it without the ACA. Not having ACA is bad for small business.

I don't think the high deductibles would be so resented if employers still actually covered the cost of employee insurance. I was shocked because I always had employer-paid insurance, and then to start work at a MTSO to find out that I would have to pay--I did not think that was a "benefit."
Health care is not the same as insurance. A bit of an - overreaction I think. The question
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is who is paying for it.

This man is very misinformed about...sm - VTMT

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health insurance for Congress. The truth is: Starting in 2014, the only health care coverage made available to members of Congress and their employees by the federal government will be coverage offered through the Health Insurance Exchange created by the Patient Protection and Affordable Care Act - the "Obamacare Act."

A couple - things to note

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Some people don't get the part that EVERYBODY needs to get insurance for it to work. You can't just have sick people have insurance. There has to be healthy people to help offset the costs for the sick people. Some find that "not right or fair" but that's the way it needs to be. For those who don't get it, when they go to the hospital we all pay, always has been like that and always will unless everybody is covered.

I do have insurance on my job but did look into the health exchange to see what it would cost. I found affordable policies with low deductibles. I also live in a state where they accepted the expanded Medicare. The people who are having the problem with the high rates are the people in the states where their state did not accept that.

As far as costs increasing, maybe some of you don't remember pre-ACA when costs were going up much faster than they are now.

The best solution would be national healthcare. We are pretty much the only civilized country that doesn't have national healthcare and the world thinks we are stupid for not having it and so do I. People who are for that are called socialists. I really don't care what they call me, national healthcare is the way to go.

Just throwing my two cents in. Ya'll have a nice day.

Obamacare is a means to force healthy people to pay - for preconditions and

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conditions of unhealthy people. It's unconstitutional from its origination in the Senate (should have been the House) to Obama changing versions of it after it "passed" which is illegal.

Imagine if any president changed parts of a bill he/she didn't like without due process.

If you do away with the mandate - old and burned out

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the whole thing falls apart. Healthy people will wait until they get sick to get insurance. The only real answer is national health insurance - just like every other developed country; it costs less and covers everyone.

What you recommend as the answer is - sm

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socialized medicine.

No thanks.
What she p is saying is that we are the only "civilized" country....sm - VTMT
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in the world that does not provide healthcare to their citizens. I think the average cost being a tax of about 4-5% of income, no deductible, little or no copay, no lifetime maximum, no refusal because of pre-existing condition, cheap drugs, nursing home care, rehabilitation. The fear mongering about "socialized medicine" needs to end. What are you afraid of?

I imagine - that

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Trump will do this on a daily basis. He is already flip-flopping on a daily basis and has no clue what due process is or what the constitution is. I'm hoping he will just get mad one day, throw a temper tantrum and pick up his toys and go home and say he doesn't want to play anymore because nobody knows what they are doing and he knows it all. I don't like Pence at all but at least I don't think he is sociopath.

The cool thing is that all they have to do is eliminate - the individual and employer

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mandates, and it dies in no time.

I'm in CA, and in certain counties 90% of the population is at - or below poverity, 40% of all welfare

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in the country is in CA.

So 90% pay nothing or under $100 a month for insurance that I would pay $670 a month for. I have a $6300 co-pay before I access any of my insurance.

People who refuse to work, drug addicts, illegals, all the anchor babies all get plans 7 levels higher than mine for free with often zero deductibles.

If I need an operation I have to pay $14,000 not counting medication costs that year,

I think there is a boat load of subsidies from government going on here. No way as part of the full cost paying 10% can they cover everyone off of the 10% payers backs.

Where do these extra government monies come from to subsidize people to high end plans? At what point do they end?

It, like California are unsustainable.

The groups covered under obamacare include Medicaid, about 13 - million additional people.

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Most were eligible before obamacare Medicaid. Their eligibility will continue even if it is repealed.

How about people with pre-existing conditions? Just 135,000 people enrolled in obamacare's temporary pre-existing condition insurance plan. Another 226,000 people were previously covered by 35 state “high-risk pools.” States can resume responsibility for this group of high-cost individuals. Many insurance companies already had this.

The remaining 5.2 million, enrolled under the law’s Medicaid expansion, may not be continuously enrolled throughout the year. Due to eligibility criteria, recipients come and go as incomes rise and fall. Because Medicaid is a state program, but jointly funded by states and Congress, this group would not necessarily lose coverage if the ACA is repealed.

As former president Bill Clinton said, “So you’ve got this crazy system where all of a sudden 25 million more people have health care and then the people who are out there busting it, sometimes 60 hours a week, wind up with their premiums doubled and their coverage cut in half. It’s the craziest thing in the world.”

CCHF

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