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1 - 7 of 7 Comments Last updated Oct 27, 2013

“Seven Days In May”

Since: Oct 13

Hilliard, OH

#1 Oct 26, 2013
Either the Obamacare system itself collapses under its own weight, or the U.S. economy falls apart because of the extreme burden being hoisted on those who are responsible for paying the bill.

Either way, we’re looking at an almost instantaneous collapse of one or the other.

It’s an exercise in basic arithmetic that those who failed to read the bill before passing it should have considered prior to pushing this on the American people by way of a new stealth tax… unless of course the further impoverishment of America is their ultimate goal.

There are several very interesting statistical facts that come from this.

First, if you’re “27″, the average premium is $266.20/month or $3,194.40 per year. How many 27 year olds have an extra $3,200 to spend on this? Remember, this is the price that virtually every uninsured 27 year old must be willing — and able — to cough up in order to prevent the model this system is predicated on from collapsing.

If those 27 year olds don’t show up, and they won’t, then the system collapses instantly. If they do show up because the government threatens them with fines the economy collapses as $3,200 a year exceeds the average 27 year old’s disposable personal income after mandatory expenses (e.g. food, shelter, etc.) Remember, there are always exceptions but these premiums are averages and over large pools of people the statistical averages are what matters — not the ends of the barbell.

It gets better. The “average” 50 year old premium, again, for single coverage, is $452.87, or $5,434.44/year. How many 50 year olds will find that attractive compared against what they’re paying now? Probably more of them, especially if they’re already sick. But how about the healthy ones?

Note two things as well on this account — these premiums are for non-smokers (smoker premiums are grossly surcharged with reports being 2x the above) and they do not account for anyone other than one person. If you are a single parent with kids (rather common) the premium on average is $610.23/month or about $7,300, and if you’re a couple it’s $647.86 (again,$7,774 annually.)

Now let’s look at the government’s own claims. First, the CPI index claims that health insurance is 0.656% of the family budget. What percentage of couples make $1.185 million a year? Why do I ask? Because that’s the alleged median income for a couple if you believe the government’s CPI numbers.

Yeah, right.

Next, while some people will get “tax credits” to offset these costs all that does is lard it up on the federal budget, because someone else has to pay that bill. In other words this is the true cost that will come out of your hide one way or another — either directly by paying, indirectly by taxation, or indirectly by destruction of your purchasing power.

Next, note that this is the “50 year old” premium but you have to be 65 to qualify for Medicare. The price will rise each year after 50 that you happen to be and there are already reports that if you’re 59 these premiums are understated by half. How many couples who are 59 and cannot qualify for Medicare yet have not $7,700 a year of extra money laying around but north of $15,000?

Source: DC Clothesline (Topix will not accept their link. Imagine that.)
Big Johnson

Columbus, OH

#2 Oct 26, 2013
NOW can we have civil war? I want to see suburban office buildings erupting in explosions and gunfire and the Gadsden flag flying from the rooftops as oppressed white collar workers spontaneously arise to overthrow Obama's tyranny and return American government to its eighteenth century purity.
Wait what

Dublin, OH

#3 Oct 26, 2013
This article doesn't mention the deductibles, co-payments and co-insurance that are required on top of the premium. Further, the article could have walloped a better punch if they had mentioned that employer-based insurance which meets the definition of affordable can actually cost someone with lower wages 2 or 3 months' worth of their take-home pay, once all costs are considered.

“Seven Days In May”

Since: Oct 13

Hilliard, OH

#4 Oct 26, 2013
Big Johnson wrote:
NOW can we have civil war? I want to see suburban office buildings erupting in explosions and gunfire and the Gadsden flag flying from the rooftops as oppressed white collar workers spontaneously arise to overthrow Obama's tyranny and return American government to its eighteenth century purity.
Seeing you and your kind in the gutter...starving, cold and utterly incapable of understanding how you got there...will be our reward.

“Seven Days In May”

Since: Oct 13

Hilliard, OH

#5 Oct 26, 2013
Wait what wrote:
This article doesn't mention the deductibles, co-payments and co-insurance that are required on top of the premium. Further, the article could have walloped a better punch if they had mentioned that employer-based insurance which meets the definition of affordable can actually cost someone with lower wages 2 or 3 months' worth of their take-home pay, once all costs are considered.
Excellent points.

Since: Dec 11

Middletown, OH

#6 Oct 27, 2013
Getting rid of this might require some pain...yup. Who was it again that sold us this bill of goods? No longer willing to say it's a good thang huh? Just take us back to the 18th century puritanism??? Me thinks your brain is overworked.
sidekick

Columbus, OH

#7 Oct 27, 2013
I'm going to ignore O-care (don't even want to type that filthy name), ignore the fines, ignore as much as I possibly can....There will be millions doing the same thing.

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