Tag Archives: Premium

Idaho and Virginia pass legislation to opt-out of Obamacare

First, Idaho. (H/T Secondhand Smoke via ECM)

Excerpt:

Idaho took the lead in a growing, nationwide fight against health care overhaul Wednesday when its governor became the first to sign a measure requiring the state attorney general to sue the federal government if residents are forced to buy health insurance. Similar legislation is pending in 37 other states.

And then, Virginia. (H/T Secondhand Smoke via ECM)

Excerpt:

The Virginia General Assembly has given final approval to a bill that would make it illegal for the government to require individuals to purchase health insurance, a measure intended to conflict with Democratic efforts to reform health care in Washington.

[…]Gov. Robert F. McDonnell said Wednesday that he intends to sign the legislation.

The measure had been virtually assured passage since five Democrats crossed party lines last month in the state Senate, which their party controls, and supported the proposal.

Proponents of the measure said the federal government should not force private citizens to enter into private contracts for insurance. The legislation, they said, was a way to send a message to Washington.

Idaho is a red state, but Virginia is purple. Interesting. It looks like people are not interested in paying for mandatory coverages for medical services that they will never use, like abortions, in-vitro fertilization or sex changes. I guess people do who want those services will have to pay the full price themselves, while the rest of us who don’t want those services will just buy what coverage we need, and spend the rest of our money on gas and groceries, instead.

Tom Coburn warns corrupt Democrats

Sen. Tom Coburn, M.D., warning Democrats who vote for Obamacare in exchange for pork and bribes.

Suddenly, I feel proud to be a Republican. How about you?

Government-run health care is really about redistributing wealth

Article from radical leftist Jonathan Chait of the extremely biased New Republic. (H/T Just One Minute via ECM)

Excerpt:

The single most popular health care idea emanating from the right is to allow Americans to purchase health insurance across state lines. What a stupid idea, making people buy insurance only within their own state!

[…]Now, think about this for a minute. I doubt her precise figure, but let’s grant the premise that young healthy people could save a lot of money from such an arrangement. Why is that? Is it that out-of-state insurance companies are that much more efficient? No, of course not — profit and overhead don’t account for anywhere close to two-thirds of insurance premiums.

The young and healthy would save money because they’d find an insurance plan from a state with very limited regulation. Say, those plans would operate in a state that doesn’t require insurance to cover any medical conditions that are unlikely to afflict a young, healthy 25-year-old. What happens is that the health care industry becomes like the credit card industry. Some small state realizes it can attract a lot of business its way by winning the race to the regulatory bottom.

So then, effectively, we’ve almost completely eliminated all regulations on health insurance. Conservatives will say that’s great. And certainly the healthy 25-year-old would be better off. But, of course, the effect of those regulations was to force insurers to cover medical conditions that older or less healthy people have. As a result, all the young healthy people have split, and costs on everybody else go up. The young and healthy are paying higher rates because of these regulations. But the same regulations let the old and sick pay lower rates — and they’re the people who have the biggest trouble buying insurance as it is. Allowing interstate sale of insurance isn’t just a non-solution, it’s a massive anti-solution, worsening all the problems of the status quo.

Got that? The whole point of socialized medicine is to force people to limit their choice of coverage to only in-state plans so that young people just starting their careers have to pay more for coverages that they don’t need. And retired people who have had all their lives to make money and save for their own health care get health care for less. The health care of the elderly needs to be subsidized via government-controlled wealth redistribution. Isn’t it amazing that young people vote so overwhelmingly for Obama?

Obamacare slaps $15,000 annual fee on middle-class families

Story from Human Events. (H/T DoublePlusUndead via ECM)

Excerpt:

Fact 5: Your family insurance plan — if your employer drops your coverage and you are forced to buy it on your own — will cost about $15,000 per year when the legislation is in full force in 2016.

Page 19 of the CBO letter to Reid says the average premiums for insurance plans under the final version of the bill should be “quite similar” to the estimates the CBO and Joint Committee on Taxation made in a Nov. 30 letter to Sen. Evan Bayh, D-Ind.: “Although CBO and JCT have not updated the estimates provided in that letter, the effects on premiums of the legislation incorporating the manager’s amendment would probably be quite similar.” Page 6 of the CBO’s letter to Bayh said: “Average premiums per policy in the nongroup market in 2016 would be roughly $5,800 for single policies and $15,200 for family policies under the proposal.”

The Senate health care bill gives employers two powerful incentives to stop offering health insurance coverage to their workers. First, if an employer does offer coverage, its lower-wage workers will lose the federal insurance subsidy they would otherwise get. Secondly, if an employer does not offer coverage, the $750-per-worker fine it faces will be far less than the premiums it would pay if it did offer coverage.

Where does this leave a mom and dad with two children and an annual income greater than $88,200? It leaves them without employer-based health insurance and facing a federally mandated $15,000-per-year insurance bill.

Because $90,000 is too much money for a family to make – Obama likes to spread the wealth around. And the people who vote for him are happy to get that wealth spread to them.