Obamacare Exchanges: Even Obama Supporters Aren’t Dumb Enough to Go for This Deal

I know that Obamacare was designed to fail. I don’t think, though, that B.Hussein wanted it to fail this soon.

Of course, none of the following information is news to readers of this site or listeners to The Teri O’Brien Show, but apparently many are SHOCKED that when the federal government demands that the Downtrodden and the Oppressed be given free stuff, somebody has to pay for it. Duh! It was obvious that once medical underwriting, as in no exclusion of “pre-existing conditions,” was prohibited, we’re no longer talking insurance. We’re talking income redistribution, confiscating earnings from the young and healthy, forcing them to pay a lot for very little in order to pay for the old and sick. Unfortunately, many Lo-Fo voters somehow couldn’t connect those very obvious dots, even though they are so big, you can see them from space. From the Chicago Tribune:

Adam Weldzius, a nurse practitioner, considers himself better informed than most when it comes to the inner workings of health insurance. But even he wasn’t prepared for the pocketbook hit he’ll face next year under President Barack Obama’s health care overhaul.

If the 33-year-old single father wants the same level of coverage next year as what he has now with the same insurer and the same network of doctors and hospitals, his monthly premium of $233 will more than double. If he wants to keep his monthly payments in check, the Carpentersville resident is looking at an annual deductible for himself and his 7-year-old daughter of $12,700, a more than threefold increase from $3,500 today.

Wait–that’s impossible. When he was conning, I mean, selling the “Affordable” Care Act, the One told us that if we liked the insurance we had we could keep it, and that our premium cost would be reduced by $2500 a year. How can this be?

Many Illinoisans buying health coverage on their own next year will face a similar dilemma spurred by the health care overhaul: pay higher monthly insurance premiums or run the risk of having to shell out thousands more in deductibles for health care if they get sick.

To promote the Oct. 1 debut of the exchanges, the online marketplaces where consumers can shop and buy insurance, Obama administration and Illinois officials touted the lower-than-expected monthly premiums that would make insurance more affordable for millions of Americans. But a Tribune analysis shows that 21 of the 22 lowest-priced plans offered on the Illinois health insurance exchange for Cook County have annual deductibles of more than $4,000 for an individual and $8,000 for family coverage.

Let’s see. Pay higher premiums, and higher deductibles, Serf. What’s not to like?

Although millions of Americans will be eligible for federal assistance to help offset some of those costs, millions will not, underscoring one of the trade-offs wrought under the law’s goal to ensure most people have access to health insurance.…Insurers say the price and cost hikes result from new benefit mandates, additional taxes levied as part of the law and a requirement that they can no longer deny coverage to people with pre-existing medical conditions.

Translation: Bend over, Serf. Barack Obama’s transformation of America is a land of winners, that he picks, and losers. Mr.Weldzius and people like him are the losers. Here are some of winners.

Shocking News! Obamacare to Cause Health Insurance Rates to Triple

Stop the presses. When government demands that people be permitted to avoid buying “insurance” for years, only to be entitled to do so after they discover that they are sick, (1) that’s not insurance and (2) as result, current costs for “insurance” will necessarily skyrocket. Think about it. If you could avoid buying auto insurance knowing that you could never be turned down, even after you have a serious accident and suddenly realize that you need to buy it, what would you do? You’d save the money that you would have spent on premiums until you need “insurance.” Of course, that’s not really “insurance,” is it? Of course it isn’t! As soon as you say people can’t be turned away for “pre-existing” conditions, that’s the end of medical underwriting, and hence the end of insurance. All that is left is government-mandated income redistribution, which of course was the plan all along.

From the Wall Street Journal:

Healthy consumers could see insurance rates double or even triple when they look for individual coverage under the federal health law later this year, while the premiums paid by sicker people are set to become more affordable, according to a Wall Street Journal analysis of coverage to be sold on the law’s new exchanges.

Read the article. It’s quite interesting.

I haven’t been so shocked since Ellen DeGeneris announced that she is a lesbian.

One Obamacare Tax That May Actually Be Temporary (But Probably Won’t Be)

As explained in this previous post, Obamacare is the end of private health insurance, and, as most of you have long known, that was the original intention. It’s also an endless cornucopia of surprises. The One accomplishes the slaying of this unfair and outmoded institution by eliminating the practice of “medical underwriting,” which means that by law, insurance companies must charge the same premium to everyone. No more denials of coverage for “pre-existing conditions.” How will insurance companies pay those extra costs? The brainiacs who dreamed up Obamacare thought of that. (Don’t they think of everything?) From the Washington Times story, Obamacare fee of $63 per person to begin in 2014: 

Your medical plan is facing an unexpected expense, so you probably are, too. It’s a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Obama’s health care overhaul.

The charge, buried in a recent regulation, (emphasis mine-one of those of the several hundred references to “as the Secretary shall determine”) works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed on to workers.

Employee benefits lawyer Chantel Sheaks calls it a “sleeper issue” with significant financial consequences, particularly for large employers.

“Especially at a time when we are facing economic uncertainty, [companies will] be hit with a multimillion-dollar assessment without getting anything back for it,” said Mr. Sheaks, a principal at Buck Consultants, a Xerox subsidiary.

Based on figures provided in the regulation, employer and individual health plans covering an estimated 190 million Americans could owe the per-person fee.

Most of whom, of course, will not benefit from these payments. But then it’s all about “fairness,” no? Someone has to pay for those poor schmucks with the pre-existing conditions. It may as well be you, Bitter Clinger. The makers v. the takers, remember?

Now let’s consider two prospective customers under this “take all comers” Obamacare health “insurance” system:

Customer A: an obese, insulin-insensitive 63 year-old lifetime (since age 14) cigarette smoker, who is also a heavy drinker and occasional pot smoker, whose diet consists of a daily breakfast of Cheetos and Jack Daniels, supplemented by Hershey bars and Mountain Dew throughout the day, and who has shortness of breath, knee and back pain and frequent chest pains. He hasn’t had his teeth cleaned since Jimmy Carter was president, and the only exercise he gets is pushing his shopping cart around and muttering under his breath.

Customer B: a 27 year-old marathon runner who eats no red meat, not only runs 75 miles a week, but also attends a weekly yoga class, and lifts weights twice a week, and has an enviable body fat percentage. He’s what insurance companies call a “young invincible,” which means that he is not inclined to purchase insurance because he thinks he’s going to live forever. He is a non-smoker, and a moderate, social drinker. His only health problem was a mild cold 18 months ago. He sees his doctor and dentist every year for check ups. After all, he does all the scheduled maintenance on his car. Why not his body?

Now, you’re the insurer. You must charge the same premium to A and B. Do you charge both customers the rate required to pay the medical bills and make a slight profit when you take on A, or the rate for B? The answer obvious.

Now, you are B’s employer. (Right, A has no employer. How did you guess?) Faced with an increase of several hundred percent for the cost of your share of the health insurance that you have proudly provided your employees for years, do you pay that now ridiculously high cost or do you opt to pay the Obamacare fine, which is substantially less? Once again, the answer is obvious.

So, as private employers drop their coverage because of skyrocketing premiums, you and your family end up dumped on the government-run system, the good news is that you won’t have to worry about that $63 fee. The bad news is that you, your kids, and your mama, along with Customer A, are consigned to the state-run system. Good luck finding a doctor.

On second thought, as Ronald Reagan once accurately noted, the only thing resembling eternal life is a federal program, and once this tax is enshrined in law, do you really think that these parasites will give up that $63 a head, even after they’ve destroyed our health care system and you are on the crappy government-run system?

Me either.