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In many ways, not having ObamaCare was better option for many people. If you have unemployed parents at home, the things are shit storm right now. They would be
by sytelus 10y ago
In many ways, not having ObamaCare was better option for many people. If you have unemployed parents at home, the things are shit storm right now. They would be old and buying an insurance would easily cost you 10 grands a year if not more. Previously, it used to cost only half of that because you can optimize for plans that didn't had support for things like pregnancy. Now everyone pays for everything.
There is little chance of ObamaCare working as-is or with planned modifications. The big problem is that as soon as you eliminate pre-existing conditions clause, the cost to insurance company sky rockets. Even a single diabetic person can put a hole of 10s of thousands of dollars in insurance company's balance sheet. To compensate for this you need to either charge huge premium to everyone or have tons and tons of healthy people who are just giving away money in premiums. Neither of that is happening. As long as cost of health care is an couple of orders of magnitude over the norm, this can't work.
BTW, the reason this "works" for employed people is because cost of insurance remains hidden. An average employed American would easily earn 20-30% more income if employer didn't took away part of his/her paycheck and gave it to insurance companies.
- Asooka 10y ago> BTW, the reason this "works" for employed people is because cost of insurance remains hidden. An average employed American would easily earn 20-30% more income if employer didn't took away part of his/her paycheck and gave it to insurance companies. Let's be realistic. The employer would be making 20-30% more profit, none of it would go to the employee. But I hear you on your other points.