As Obamacare Slowly Self-Destructs …

Roger Simon has a piece at PJ Media pointing out the fatal flaw in Obamacare. It’s a lousy financial deal for the very people who must buy into it if it is to survive. Why wouldn’t a healthy young person with a moderate income decide to pay the 1% income tax rather than buy a sucker bet insurance policy?

With only a small penalty for abstaining, the numbers for signing up not only don’t add up — they’re absurd. Here’s one of the supposedly attractive deals: “One option available only to people under 30 is a so-called catastrophic policy that kicks in after a $6,350 annual deductible. In Monroe County, you can buy that policy on the New York State of Health exchange for as low as $131 a month for single coverage.”

$1500 bucks for a $6,000+ deductible policy or a few hundred bucks more in income tax? Is that a trick question?

Let it burn.

7 thoughts on “As Obamacare Slowly Self-Destructs …

    • And you’d be amazed how many folks don’t realize that. Even if they’ve heard the politicians saying that that is their end goal, Mr. or Ms. Average LoInfo Voter won’t believe it. “But they don’t really mean that!” “Oh, they’d never push through something unpopular like single payer!” “They’ll only do things their constituents want!”, etc., etc.

      Many of these are quite intelligent people, but obviously with less common sense than God gave rocks or marshmallows

  1. I’d love to be proven wrong, but heard the single biggest flaw is “no preexisting conditions excluded.” So, pay the low fine, have no insurance, and sign up after you get in the car wreck. There’s NO down side for being young, healthy and uninsured…so very few will sign up. Even as a con, this system will fail.

    • I had read that too, but then I’ve heard since that, as with employer offered insurance, you can only enroll during the annual enrollment, or if there is a change in situation, such as change of job, addition of family member, etc, (the same as with employer offered insurance right now).

      That would mean that if you have your car accident in April, after open enrollment, or in future years, anytime not in October, or whatever month they choose, you have to wait for the following year’s session, and you could be paying those hospital bills out of pocket anyway.

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