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That's BS. Obamacare was a nightmare from the start and
Posted on: September 7, 2020 at 12:28:55 CT
JeffB MU
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destroyed the existing system, flawed as it was.
Missouri used to have the Missouri Health Insurance Pool for people who could not qualify for standard rates. Many of those were people who had been relatively healthy and figured they didn't need health insurance... until they developed big problems.
Under MOHIP, anyone who didn't have a policy and couldn't buy one at standard rates could buy it through MOHIP at subsidized rates. The health insurance companies were the ones who subsidized it. Prices were capped at 2X the standard rates.
When Obamacare rolled in there was a short window where people could choose either an Obamacare policy, or one of the existing plans. I am an insurance broker, though I don't write much health insurance. At the time I remember a young couple asking for rates. I priced it both ways for them. The Obamacare policy was about 4 times what the free market policy would have cost them.
Under the system Obamacare destroyed an uninsured person with AIDS, cancer, heart disease and dementia could have purchased a policy for about half the price that a healthy person would have had to pay under Obamacare.
That doesn't even take into account the numerous insurance companies who either went out of business or into other areas. Nor does it take into account the massive breaches of data that occurred with the Obamacare nightmare of a computer network. Nor the nightmare for the agents and clients who often couldn't find out the status of insurance applications many months after they were input into the system... which itself was a nightmare that could take many days because of how overloaded the system was. They couldn't even tell you if they had received an application months after it was submitted and there were no receipts or verifications to prove you had actually submitted it.
I remember a news story of a guy who had submitted his application and had a heart attack 3 months later and had nothing he could show to the doctor and the government could neither confirm nor deny whether he had ever submitted the application or whether he was covered or not.
The hospitals would just have to treat him and take his word for it and if the government ever finished the processing and he was actually covered, then it would be paid for.
Absolutely idiotic.
At least now that Trump has taken away the tax penalties for the smaller companies and individuals some alternative plans are starting to hit the market and many of them have far lower deductibles and co-pays with prices that are far better as well.
If they can ease up on some of the other restrictions, penalties and red tape the free market will offer people far more choices and far better choices.
Missouri used to have the Missouri Health Insurance Pool for people who could not qualify for standard rates. Many of those were people who had been relatively healthy and figured they didn't need health insurance... until they developed big problems.
Under MOHIP, anyone who didn't have a policy and couldn't buy one at standard rates could buy it through MOHIP at subsidized rates. The health insurance companies were the ones who subsidized it. Prices were capped at 2X the standard rates.
When Obamacare rolled in there was a short window where people could choose either an Obamacare policy, or one of the existing plans. I am an insurance broker, though I don't write much health insurance. At the time I remember a young couple asking for rates. I priced it both ways for them. The Obamacare policy was about 4 times what the free market policy would have cost them.
Under the system Obamacare destroyed an uninsured person with AIDS, cancer, heart disease and dementia could have purchased a policy for about half the price that a healthy person would have had to pay under Obamacare.
That doesn't even take into account the numerous insurance companies who either went out of business or into other areas. Nor does it take into account the massive breaches of data that occurred with the Obamacare nightmare of a computer network. Nor the nightmare for the agents and clients who often couldn't find out the status of insurance applications many months after they were input into the system... which itself was a nightmare that could take many days because of how overloaded the system was. They couldn't even tell you if they had received an application months after it was submitted and there were no receipts or verifications to prove you had actually submitted it.
I remember a news story of a guy who had submitted his application and had a heart attack 3 months later and had nothing he could show to the doctor and the government could neither confirm nor deny whether he had ever submitted the application or whether he was covered or not.
The hospitals would just have to treat him and take his word for it and if the government ever finished the processing and he was actually covered, then it would be paid for.
Absolutely idiotic.
At least now that Trump has taken away the tax penalties for the smaller companies and individuals some alternative plans are starting to hit the market and many of them have far lower deductibles and co-pays with prices that are far better as well.
If they can ease up on some of the other restrictions, penalties and red tape the free market will offer people far more choices and far better choices.
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That's BS. Obamacare was a nightmare from the start and - JeffB MU - 9/7 12:28:55