Krauthammer’s Take: It’s All Downhill for Obamacare

Discussion in 'News / Current Events' started by Revmitchell, Nov 1, 2013.

  1. Revmitchell

    Revmitchell
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    When it comes to Obamacare, things are headed downhill from here, Charles Krauthammer said Thursday night.

    “As long as the exchanges are down, all you’re getting are stories of people losing insurance and practically no one gaining insurance,” Krauthammer said on Special Report. “This is a program that is doing the exact opposite of what it was intended.”

    Even if the exchanges are fixed, he said, the incentive structure will keep the young out of Obamacare, setting up a death spiral.

    [video]

    http://nationalreview.com/corner/362800/krauthammers-take-its-all-downhill-obamacare-nro-staff
     
  2. thisnumbersdisconnected

    thisnumbersdisconnected
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    O'Reilly was even more direct in his "Talking Point" segment at the beginning of last night's show.

     
    #2 thisnumbersdisconnected, Nov 1, 2013
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  3. Don

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    Well ... here's the problem: Insurance companies already identified their rates for 2014. As they're now saying, to delay the individual mandate--or worse, cancel the ACA--they'll all have to re-figure the rates and submit to the regulatory agencies; for which they're predicting a 15-20% increase in rates for 2014.

    In other words, the insurance industry is now making a case to "save Obamacare" by telling us it will be more expensive to not implement this train wreck.

    SHORT SUMMARY: No matter what happens at this point, the American taxpayer loses and insurance rates increase.
     
  4. thisnumbersdisconnected

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    A fifteen- to twenty-percent increase in rates beats a doubling of rates, which many people face. And insurance that costs 15-20 percent more than it did last year is still better than not being able to buy or afford insurance at all. The insurance industry refiguring rates is a bargain compared to the ACA, if that's all it is going to cost to do so.

    Here's an example. Family of four, husband and wife both non-smokers, wife of child-bearing years, children healthy with normal pediatric expenses. Cost of full coverage, $30 co-pay, 15% co-pay on medications: $487. Doubling that is obviously $974. A 67% increase, which is the average increase, is nearly $814. A 20% increase? $584. Which would you rather pay? Well, of course, the original $487. But your medical coverage was probably going to go up 10-12% next year anyway, regardless of the ACA.
     
    #4 thisnumbersdisconnected, Nov 1, 2013
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  5. Aaron

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    And the increase would be only temporary.
     
  6. Don

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    Not sure if you meant that to be sarcastic...but I'm not optimistic that any increase implemented by the insurance industry will be "temporary."
     
  7. thisnumbersdisconnected

    thisnumbersdisconnected
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    Regardless, as I said, their increases wouldn't be as painful in the free market system as this ridiculous and misbegotten legislation known as the ACA is going to make them.
     
  8. Don

    Don
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    AGREED. And to put my final statement another way: the only "winners" in this whole mess are the insurance industry and those who profit from it.
     
  9. Aaron

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    Insurance rates go up and down. Their profit margins are legislated. Lawyers are the winners.
     
  10. Bob Alkire

    Bob Alkire
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    I believe you are correct on the lawyers.
    The left has done a good job of selling us on profit being bad or less it is their own pay. My insurance cost has not gone up but not as fast as our hospital and much of our medical cost.
     

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