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Obamacare's Middle-Income Trap
- _delirium 13y agoSo, parts of this article make sense, but parts are sort of missing the point of health insurance by pointing out that you can come out ahead without it if you don't develop major health problems. My parents have lost money on their home insurance every year, too, because their house has never been hit by a tornado. But it would be a pretty bad idea not to have home insurance, because if their house were leveled by a tornado, they would be completely screwed. Similarly, the healthy 30-year-old saving $1455/yr by not buying insurance will come out ahead in the average case, and will be completely fucked if he gets cancer, or gets in a serious car accident. Actually, the rest of us will be too, because the most likely outcome is that he'll declare medical bankruptcy and just shift his costs to the taxpayer anyway. Hence the dumbness of a non-universal, opt-in system.
- a3n 13y ago"Affordable" Care Act: When you put an adjective into a product's name, that's often the only place in the product you'll find that property.