Saturday, July 18, 2015

Paying More And Buying Less: The Story Of Obamacare!

Daily Cailer ^ | July 17, 2015 | By David J.Herbert 

Insurance companies are seeking to raise their premiums by as much as 65 percent because enrollees who signed up “seem to be older with more chronic conditions like diabetes or congestive heart failure than predicted.”
There are two sources of this high degree of sickness: fewer healthy people have signed up for the exchange than anticipated. For healthy people, particularly young people, some provisions of Obamacare provide too much coverage in wrong areas, making them too expensive. As a result, these healthy people don't sign up, meaning that the average person in the exchange is sicker because there aren't enough healthy people to decrease the average.
Enrollment numbers show this: in 2010, the CBO projected 35 million people would sign up for Obamacare. Today, a mere 16.4 million have done so. The Obama administration says they need 40 percent of enrollment to be people between the ages of 18 and 34 for the program work. As of 2014, 25 percent of Obamacare enrollees were in that age group.
The second source is much more pernicious. Obamacare provides a means for one group of people to use taxpayer money to purchase health insurance and, in turn, health care. Because of this they can go to the doctor at a lower out-of-pocket cost than before. While on the surface this looks like a victory, at a deeper level it is a counterproductive failure, especially when coupled with America’s still-broken healthcare system.
By lowering out-of-pocket expenses of doctor visits, some people are steered away from home remedies like bed rest, drinking fluids, and cough medicine, which may have cured their ailment. Because people don't face the full cost of doctor visits, they are more likely to do so. . .
(Excerpt) Read more at dailycaller.com ...

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