Obama is giving away free money to sign up to OBAMACARE

[OHCHUTE 0]

http://abcnews.go.com/Politics/obamacare-health-insurance-rebates-check/story?id=19701785

[Lefty 0]

Can't wait to get me some of dat Obamacheck.

Provoking a reaction isn't the same thing as saying something meaningful.
-Calvin

[lawrocket 3]

So "free money" is when you get back part of what you paid.

Kinda like a tax refund is "free money."

My wife is hotter than your wife.

[airdvr 200]

OHCHUTE

http://abcnews.go.com/Politics/obamacare-health-insurance-rebates-check/story?id=19701785

At the end of the day you gotta love this guy. He is absolutely shameless.

Please don't dent the planet.

Destinations by Roxanne

[OHCHUTE 0]

lawrocket

So "free money" is when you get back part of what you paid.

Kinda like a tax refund is "free money."

You're missing a key point. Gov't will subsidize either all, or part of the premium pending certain circumstances. Hence, you get free health care and free money.

[rushmc 18]

OHCHUTE

***So "free money" is when you get back part of what you paid.

Kinda like a tax refund is "free money."

You're missing a key point. Gov't will subsidize either all, or part of the premium pending certain circumstances. Hence, you get free health care and free money.

For now
Until they get enough sucked into it that it can never go away

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[DrewEckhardt 0]

OHCHUTE

http://abcnews.go.com/Politics/obamacare-health-insurance-rebates-check/story?id=19701785

PhRMA (Pharmaceutical Research and Manufacturers of America) did NOT spend $150M spinning up a pair of 501(c)(4) organizations to run an advertising campaign supporting Obamacare and make profit-cutting compromises like drug discounts to earn a seat at the negotiating table to nuke onerous provisions like the re-import clause to have people skip the subsidies and not send money their way or to see profits otherwise drop. Health insurers did not allow the bill to pass in a form which would cut their profits.

Obama is just a pawn like the Republicans (speaker Hastert who sponsored the bill, House and Senate who passed it, and president Bush who signed it) responsible for Medicare Part D which is the other $100B/year tax funnel into the health insurance, health care, and pharmaceutical industries. PhRMA liked Republican representative Billy Tauzin's help passing that one so much they rewarded him with a seven figure job as their president.

Astute observers might notice the two "parties" aren't too different except when it comes to what people do with their crotch, guns, and whether it's better to pay for an even bigger government through higher taxes or printing money where some of those differences are more about marketing than what they do once elected.

With corporatist interests deciding who ends up on the ballot (spending $10.5M for the average successful Senate campaign or $1.7M for each of six years where the job pays just $174K) for both parties that should not surprise anyone.

[DrewEckhardt 0]

OHCHUTE

***So "free money" is when you get back part of what you paid.

Kinda like a tax refund is "free money."

You're missing a key point. Gov't will subsidize either all, or part of the premium pending certain circumstances. Hence, you get free health care and free money.

You're missing another key point. Dumping more money into markets causes prices to increase. Federal student loans and laws exempting private loan debt from bankruptcy have allowed education price increases to quadruple inflation since 1980. The federal government and investors assuming liability for loans people could not afford doubled home prices in real money. More money for health insurance means prices will go up.

Even with the subsidies you're probably going to loose. Lets say you're a young single person making $40,000 a year which is about the median income for single-earner households.

Before Obamacare showed up assuming you didn't work for the 51% of firms offering group plans you might have spent $80/month, $960/year, and 2.4% of your income on insurance.

Under the new plan you're required to spend 9.5% of your income or $3800 a year and $316 a month on health insurance before the subsidy kicks in.

I was paying $80/month for my adult son's health insurance before that mess. Now I'm paying $150/month. I expect that to increase even more because the only way insurance companies can make more money under the new law (due to a medical loss ratio minimum of 80% which allows them to retain at most 20% of premiums for overhead and profits) is to spend more. $100/month on a patented single chiral form of a drug is $300 a year in potential profits while $10/month on the generic form with both polarities is just $30/year. You can bet they'll take the option which allows $1500 in premiums over the $150 in premium option.

Obamacare only helps private citizens when they are not eligible for employer coverage, are too well off for Medicaid, are too young for Medicare plus hhavead pre-existing conditions, are old (but not old enough for Medicare which would make them unprofitable for private industry), and/or poor (but not poor enough for Medicaid where they could not afford insurance).

It really helps the health insurers (who get customers who'd choose not to buy their product or could not afford it, and must charge young healthy people at least 1/3 old people), health care providers getting that money, and drug companies (you do know that PhRMA spent $150M to pass the bill?).

People in this country get their isms confused. While Corporatism also ends in "ism" like Socialism it's about dividing the country into groups with common economic interests and passing laws on their behalf, not the people socially owning or controlling the means of production to their own benefit.

Socialist countries insure all their populations for less than the per-capita price (based on our entire population) to cover the 25% who are too old or poor to be profitable.