Obamacare a saving grace for many baby boomers
Aging Americans battered by the recession are flocking to the online marketplaces to buy health insurance.
This post comes from Krystal Steinmetz at partner site Money Talks News.
The seemingly never-ending pursuit of health insurance is finally over for a number of aging Americans who were left jobless during the recession.
As The Associated Press reports, the Affordable Care Act, commonly called Obamacare, has made a big impact on those "unwanted by employers, rejected by insurers, struggling to cover rising medical costs and praying to reach Medicare age before a health crisis."
These people in their 50s and early 60s have been signing up in droves to buy health insurance through the state and federal online marketplaces, where they'll find several tiers of plans and learn if they're eligible for a federal tax credit to help them afford the premiums.
Eligibility for the credit is based on income, and many likely will qualify, but you have to buy insurance through a marketplace to get it.
In fact, people ages 55 to 64 make up 31 percent of new Obamacare enrollees. The AP reports that after signing up for insurance, many people make doctors' appointments and fill prescriptions -- something many had avoided because they were uninsured.
"I just cried I was so relieved," said Maureen Grey, a 58-year-old Chicagoan who finally saw a doctor this month after a fall in September left her in constant pain. Laid off twice from full-time jobs in the past five years, she saw her income drop from $60,000 to $17,800 a year. Now doing temp work, she was uninsured for 18 months before she chose a marketplace plan for $68 a month.
Open enrollment on the marketplaces continues through March 31.
According to the Star Tribune, Vice President Joe Biden told customers at a Minneapolis coffee shop Wednesday that health insurance enrollment will likely miss its target. "We may not get to 7 million, we may get to 5 or 6 (million), but that's a hell of a start," Biden said.
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If this is true, it's a very sad thing for the people that are subsidizing the older folks. We can thank the younger folks, who's money the Obama Administration is taking away, and basically....giving it to us older folks.
Thanks younger folks, sorry you're getting what you voted for.
Democrats Four Biggest Obamacare Lies
President Obama's famous vow -- "If you like your health plan, you will be able to keep your health plan. Period." -- isn't the only broken promise of ObamaCare.
Now that the Affordable Care Act has actually been in effect for a while, Americans are discovering more pitfalls associated with the massive overhaul.
Lie #1: "Affordable" Care. Even the president's ideological allies -- like Michael Moore -- acknowledge that the Affordable Care Act is far from inexpensive for most Americans and that it "risks being a cruel joke."
For average Americans, the results are prohibitively expensive. "The cheapest plan available to a 60-year-old couple making $65,000 a year in Hartford, Conn., will cost $11,800 in annual premiums," according to Moore's math, as published in a New York Times editorial. "If both become seriously ill, they might have to pay almost $25,000 in a single year."
The National Federation of Independent Businesses, an organization that represents nearly 11,000 entrepreneurs in New York state alone, said it has yet to find a single member whose health-care costs are going down under ObamaCare. Instead, an "overwhelming majority" of businesses have reported increases in their insurance premiums, said Mike Durant, the NFIB's New York director.
Lie #2: It will prevent people from going into debt.
Patients with cancer and conditions such as multiple sclerosis or Crohn's disease can now get insurance and financial but if annual out-of-pocket costs run much higher than expected, they might have to go into debt.
"There are certainly challenges for cancer patients," said Brian Rosen, a senior vice president of the Leukemia & Lymphoma Society. These gaps "need to be addressed in order to fulfill the intention of the Affordable Care Act."
Caroline Pearson, who tracks the health-care overhaul for the consulting firm Avalere Health, put it in even starker terms.
"Chronically ill people are likely to be underinsured and face extremely high out-of-pocket costs," she said. "While the subsidies help, there still may be access problems for some populations."
Lie #3: ObamaCare will lower costs overall.
The idea that people with medical insurance go to the emergency room less, and thus, help to reduce the overall cost of health care, isn't necessarily true, as a study of Oregon Medicaid recipients has shown.
Researchers compared Medicaid recipients with those with no health insurance and found the following: Pthat people with access to Medicaid went to the ER 40 percent more than those without insurance.
Lie #4: More Americans will be insured.
Approximately 2.8 million Americans have signed up for new health-care plans since the Affordable Care Act went into effect on Jan. 1. That's less than the 3.3 million the federal government predicted would sign up, and is also dwarfed by the 4.7 million whose insurance policies have been cancelled as a result of the overhaul.
A state run monopoly is not the answer for healthcare. Monopolies are always bad for consumers, and state run ones are the worst. Any doubt? Look at the 'public option' in education. Extremely expense, awful product, unresponsive, resistant to change.
Looks like the only way to learn not to touch the hot "Socialism Oven" is to burn yourself.
This boomer situation might be just the right ticket to learn this lesson. At $68 a month, I might just quit my job and jump on this bandwagon to hurry up the collapse. Besides, I'm tired of earning a living and paying taxes to float the other 47%.
Every year that goes by, I feel like a sucker for having a job when I could be on welfare and kicking it ghetto fabulous.
You are now considered an enemy of the state if you do not a buy an approved product from their corporate cronies.
3 groups of people will love.
1. Those that love having a Huge central Government cotrolling their lives.
2. Those that get something for nothing
3. People with pre-existing conditions
The good part?
Signs popping up everywhere on the doors of doctors office, not accepting new medicaid patients Period
Saw one sign in St Louis.
This offfice does not accept insurance.
Did yoiu get the message, pay for it., you want to make some one else pay for you, you get to deal with the governmnet.
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