Tuesday, October 15, 2013

The ACA is DOA

For months, maybe even years, I have been on this blog telling readers what an expensive nightmare the ACA is.

ACA's sole purpose was to force healthy people back into health insurance pools- to pick up the tab for everyone else. This law is a complete sham and it is horribly expensive. The Affordable Care Act is not affordable nor is it caring. With it's outrageous deductibles and premiums, it hardly qualifies as insurance. It is a sham- foisted upon the American middle class and given a palatable name- to provide windfall profits to healthcare companies while stealing every last dollar and tidbit of personal information it can glean.

I am not going to participate. At any level. My first act of civil disobedience will be to refuse to enroll.

You will enjoy this article. Forbes discovers that the healthcare exchange is crashing because the Obama administration desperately wanted to hide the true cost of the ACA by forcing people into giving up all of their personal data before disclosing plan prices. Deceit is no way to enroll people and then steal their money.

People cannot afford this. The middle class is tapped out. The ACA is DOA.

Very interesting. http://www.forbes.com/sites/theapothecary/2013/10/14/obamacares-website-is-crashing-because-it-doesnt-want-you-to-know-health-plans-true-costs/?partner=yahootix

Many states with ZERO signups. http://directorblue.blogspot.com/2013/10/obamacare-meltdown-continues-171.html

Here in a nutshell and stolen from Ace's site is the reason Obamacare will implode.

If the exchanges don’t get fixed soon, they could destroy Obamacare -- and possibly, the rest of the private insurance market. The reason that the exchanges were so important was that they were needed to attract young, healthy people into the insurance system. The worry was that if insurance is hard to buy -- if you have to do your own comparison shopping and then call the insurance company, and fax in some paperwork and two years of tax returns -- that the young and the healthy simply won’t do it. Sick people and old people who were getting huge subsidies -- and maybe the ability to buy insurance on the private market for the first time in a long while -- would overcome any obstacles, because if you’re spending $15,000 a year on health care, it’s worth a lot of your time to make sure that you have insurance. But if your biggest annual health-care expense is contact lens solution, you may just decide to skip it and pay the fine.
The administration estimates that it needs 2.7 million young healthy people on the exchange, out of the 7 million total expected to apply in the first year. If the pool is too skewed -- if it’s mostly old and sick people on the exchanges -- then insurers will lose money, and next year, they’ll sharply increase premiums. The healthiest people will drop out, because insurance is no longer such a good deal for them. Rinse and repeat and you have effectively destroyed the market for individual insurance policies. It’s called the “death spiral,” and the exchanges, like the mandate, were designed to keep it from happening.
Without the exchanges, the death spiral seems almost assured.

6 comments:

Hacksaw said...

According to other sources the state of Iowa has had 5 (five) people sign up so far. I surely hope this is true.

Brian said...

OMG...if that's true, I am really lmao. You can bet those 5 are completely broke who won't be paying a dime into the system.

Anonymous said...

http://wac.450f.edgecastcdn.net/80450F/nj1015.com/files/2012/10/Obamacare-photo.jpg

Anonymous said...

I am opting out as well and might come up with a way to claim extra deduction on taxes to make up for penalty.

Brian said...

That was a funny pic. I decided not to put the witch doctor on the blog. Thanks.

Jim at Asylum Watch said...

In Tennessee they are offering free smart phones for signing up with ObamaCare.