The new healthcare law is over 2000 pages and 400,000+ words. If you didn't have the time, I made a 2 minute slide.
We have ways to opt out of Obamacare.
I've often longed for a simpler way of life, like say the Amish. Maybe even around 2014! But seriously, it's always scary when government mandates you buy a product,
I can understand punishment for some affirmative acts like bank robbery, assault, and rape, but not having health insurance?
I know, the penalty is not anywhere near the serious jail time for these offenses, I'm just say'in.
The administration hopes participation rates are 95%. I predict nowhere near that. Auto insurance is mandatory and has as low as a 76% participation rate, depending on your locale. Am I splitting hairs? Maybe, but if the enrollment rate is near historical COBRA participation rates (13%), the new health mandate will be anything but.
May people are for it, many people are against it. A man convinced against his will is of the same opinion still.
Very considerate thinking of the Amish. Their numbers may surge after 2014!
Since Obamacare contains a general “religious conscience” provision establishing guidelines under which religious groups which have established conscientious objections to certain forms of insurance may seek exemption from health insurance requirements.
But with the economy and health care ministries, there are work a rounds to paying $1000+ or month for a family. I can sorta see Obama's point, health insurance cannot continue on this insane path of 10% increases every year. But the answer instead of the US spending trillions subsidizing another massive program, would be for American's to simply stop buying it. Then the prices would drop,
Vote with you dollars if you will. One small caveat, if you have health insurance, you will typically live longer. Nasties like cancer and other potentially terminal illnesses get caught early if you have health insurance. Whereas if you don't and put off possible live saving diagnosis, your
rolling the dice.
Two types of healthy people that should keep health insurance are if you engage in hazardous hobbies like snowboarding or base jumping, or have a hazardous job like farmer or bail bondsman.
I actually looked up the prices for Medi-share which was about $329 per family, still not bad compared to paying $800 for a couple at Kaiser. And they have an A+ rating with the BBB. I honestly thought they would have a horrible rating, like the health savings card companies, but nope, only 2 complaints in 12 months. remarkable for paying out $500,000+ in healthcare.
Samaritan Ministries was even cheaper, $270 a month for my wife and I and covered the first $250,000 of our healthcare.
There are plenty of peeps that dislike Obamacare with mostly libertarian objections. I predict if the new health mandate survives the constitutional conflict (which arises when you make buying a product mandatory), few will refuse it.
Tax penalties suck in every form, and the Obamacare variety is not any nicer.
The problem with Obamacare is how to pay for subsidizing millions of Americans, and the punitive penalty on the higher income limits. I doubt many people earning over $90,000 pay $14,400 per year for health insurance now, except for COBRA or HIPAA rates. And combined, $90,000 is only $45,000 per spouse, a mere 200% above the poverty level.
Regardless of your politics,
It will fascinating and somewhat scary to see rosy projections of how to pay for Obamacare totally under estimated. The average annual household income in the US was around $49,000 (2009). So the government would subsidize
83% of the premiums.
With millions of American Households, that can easily equal trillions.
Will the Obama government be able to tax and cut their way to trillions of dollars and balance out (at best) the cost of Obamacare? I am pessimistic, based on the 5 trillion he's already spent while in office 2.5 years with no cuts yet. And BTW, government employees have blown past 2 million in 2010.