Coverage may be unaffordable for low-wage workers

Jun 13, 2013 Full story: Worcester Telegram & Gazette 13

It's called the Affordable Care Act, but President Barack Obama's health care law may turn out to be unaffordable for many low-wage workers, including employees at big chain restaurants, retail stores and hotels.

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Since: Mar 09

The Left Coast

#2 Jun 14, 2013
WTF! Obama said our premiums would go down $2500. I thought the January payroll tax increase just slipped by Obama but with the 40-60% increase in health insurance costs I'm starting to think Obama just might be lying to us.
Bigfoot

Houston, TX

#3 Jun 14, 2013
Let's vote it in, and we'll see what we got. "screwed"
Robert

Douglasville, GA

#5 Jun 14, 2013
Not surprised, this is the sort of thing that happens when you don't read and properly debate a bill. The bill actually makes it harder rather than easier for some to be insured. It will be just one reveal after another of the failure of Obamacare.
El Cid

Austin, TX

#7 Jun 14, 2013
Duh, took someone this long to figure that one out.
Even at min wage and a full time job for a single healthy young adult it is unaffordable. The stipend the gvt would give is barely enough to cover, on average 2-3 months of coverage.
My sister in law is with a major insurer and has stated the basic health policy for a healthy non smoking 30 year old is give or take $400 a month. That has no dental or vision coverage and has a $500 annual deductable for medication and $2,000 deductable for medical.$40.00 co pays for each visit to a doctor and $50.00 for a specialist.
Major events/surgeries and so on are only covered 50%.
Basically you have to pay the premiums, co pays, and 2K before the company pays a dime for you. Of course your annual physical is free.
Do the math, roughly 19K for full time 52 week a year worker at $9.00 an hour. Just under 19K before taxes.
Insurance premiums will run between $3,500 and $4,500 a year so let us say in the middle at $4,800 a year. Before they pay a thing one must pay the deductable of 2k. Now, even if you do not use the insurance you are paying 1/4 your before tax wages to have it. After taxes you probably have half, maybe a little more of your wages remaining.
Figure in rent, utilities, food, and maybe a car, gasoline, hopefully car insurance and what is left, if anything at all?
Best bet is to No Habla at the ER like the tens of millions already do as they will continue to have taxpayer funded universal healthcare.
El Cid

Austin, TX

#8 Jun 14, 2013
Sorry, $350.00 to $450.00 a month not a year.
sheepleloveroyal ty

Bryn Mawr, PA

#9 Jun 14, 2013
Robert wrote:
Not surprised, this is the sort of thing that happens when you don't read and properly debate a bill. The bill actually makes it harder rather than easier for some to be insured. It will be just one reveal after another of the failure of Obamacare.
Bingo!, They didn't even take time to read and call it an INSURANCE bill. It was a who is going to pay for it bill but NOT a what, why and how much bill.

Hmmm, pay my rent, mortgage, utilities, car and misc repair along with eating or pay for something I might need in the upcoming year.
Robert

Douglasville, GA

#10 Jun 16, 2013
sheepleloveroyalty wrote:
<quoted text>
Bingo!, They didn't even take time to read and call it an INSURANCE bill. It was a who is going to pay for it bill but NOT a what, why and how much bill.
Hmmm, pay my rent, mortgage, utilities, car and misc repair along with eating or pay for something I might need in the upcoming year.
Is going to be interesting this fall, we heard all the bs arguments for Obamacare and how it would bring prices down, they even named it AFFORDABLE health care. Our fall open enrollment statements won't be some esoteric argument (for any low information voters esoteric means understood by or meant for only the select few who have special knowledge or interest and is the perfect adjective for the vote on it before you read it bill) but a bill, we will see how much it runs up our insurance premium for 2014 before the November vote, 2014 being the first year it is fully in effect.

If they lied we will be able to take it out on democrats with our vote when we find that their shove it down our throats Obamacare ran up our insurance premiums.
Makes sense

Dearborn, MI

#11 Jun 16, 2013
But isn't OBAMACARE based on conservative market-based principles????

Won't people be able to buy insurance from the new exchanges at cheaper prices????

Isn't there any competition when it comes to private insurance companies????

I personally just LOVE the free market and the Heritage Foundation formula for national healthcare with Rmoney's model!

How can healthcare NOT be MORE AFFORDABLE with MARKET COMPETITION???????
Makes sense

Dearborn, MI

#12 Jun 16, 2013
Robert wrote:
<quoted text>
Is going to be interesting this fall, we heard all the bs arguments for Obamacare and how it would bring prices down, they even named it AFFORDABLE health care. Our fall open enrollment statements won't be some esoteric argument (for any low information voters esoteric means understood by or meant for only the select few who have special knowledge or interest and is the perfect adjective for the vote on it before you read it bill) but a bill, we will see how much it runs up our insurance premium for 2014 before the November vote, 2014 being the first year it is fully in effect.
If they lied we will be able to take it out on democrats with our vote when we find that their shove it down our throats Obamacare ran up our insurance premiums.
Aren't there new penalties for insurance companies overcharging us?????
Makes sense

Dearborn, MI

#13 Jun 16, 2013
El Cid wrote:
Duh, took someone this long to figure that one out.
Even at min wage and a full time job for a single healthy young adult it is unaffordable. The stipend the gvt would give is barely enough to cover, on average 2-3 months of coverage.
My sister in law is with a major insurer and has stated the basic health policy for a healthy non smoking 30 year old is give or take $400 a month. That has no dental or vision coverage and has a $500 annual deductable for medication and $2,000 deductable for medical.$40.00 co pays for each visit to a doctor and $50.00 for a specialist.
Major events/surgeries and so on are only covered 50%.
Basically you have to pay the premiums, co pays, and 2K before the company pays a dime for you. Of course your annual physical is free.
Do the math, roughly 19K for full time 52 week a year worker at $9.00 an hour. Just under 19K before taxes.
Insurance premiums will run between $3,500 and $4,500 a year so let us say in the middle at $4,800 a year. Before they pay a thing one must pay the deductable of 2k. Now, even if you do not use the insurance you are paying 1/4 your before tax wages to have it. After taxes you probably have half, maybe a little more of your wages remaining.
Figure in rent, utilities, food, and maybe a car, gasoline, hopefully car insurance and what is left, if anything at all?
Best bet is to No Habla at the ER like the tens of millions already do as they will continue to have taxpayer funded universal healthcare.
Are you saying minimum wage is too low?
Makes sense

Dearborn, MI

#14 Jun 16, 2013
El Cid wrote:
Duh,
Insurance premiums will run between $3,500 and $4,500 a year so let us say in the middle at $4,800 a year. Before they pay a thing one must pay the deductable of 2k.
What is your source for that, FUX News???????

It seems like a talking-point in all the forums, but no facts to back it.

Have you heard of the free-market-based exchanges??????

Are you saying there is no competition in the health insurance industry???

Are they monopolies?????
Robert

Douglasville, GA

#15 Jun 16, 2013
Makes sense wrote:
<quoted text>
Aren't there new penalties for insurance companies overcharging us?????
Yes and no. Yes there are penalties for insurance companies but it says that they must depending on the size of the group spend 80 or 85 percent of the premiums on healthcare.

This would be important if the reason premiums are too high or are going up were because they were increasing profits. However, that is not the reason so this will make no difference other than provide Obama some drama to talk tough about.

Insurance profits don't make particularly good villain material. It does sound good saying that you are going to limit insurance company profits to protect the people but the facts of the matter are that the industry average profit margin for insurance providers is only 3.4%. Contrast that with beverage companies who had the highest profits of any of the industry studied at 25.9%.

No you can't count on Obamacare to save you there.
El Cid

Austin, TX

#16 Jun 17, 2013
Makes sense wrote:
<quoted text>
Aren't there new penalties for insurance companies overcharging us?????
No, the insurance companies can literally charge whatever they want. They can drop you or refuse to give you coveregae if you cannot afford the rates they charge. Say you get really sick, the company can raise your rates when they want and as much as they want. If you cannot pay then they can drop you and are not penalized for doing so but you are penalized for not having insurance. The same goes if you are seeking coverage, they can charge whatever they want and can deny you coverage if you cannot pay and they are not penalized.

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