Doesnt look good for Obamacare

[Jhhnn]

Remember when ACA was fully paid for and it was going to significantly save money by lowering emergency room visits? Ah...those were the days!

Yep, back when the Medicaid extension was part of it. And then what happened?

 

[dainthomas]

As he should. Your side created the moral hazard, now you deal with it.

"Your side"? Attitudes like that sure help.

I thought everyone was on the side of wanting the healthiest populace at the lowest possible cost?

 

[theeedude]

Everyone has catastrophic health care coverage. In a true emergency, you go to the hospital, they have to take you in, then if you can't afford the bill, the bankruptcy laws are there to protect you.

GOP Obamacare replacement: bankruptcy court.

 

[Rakehellion]

If you apply Mr. Murphy's "logic" then he should not buy ANY insurance of ANY type.

A hope for the best, plan for nothing is a pretty dimwitted philosophy. I'm guessing Mr. Murphy is still very young and hasn't had much life experience yet.

BTW $2900 probably wouldn't even cover a sprained wrist at today's medical expense level, much less a heart attack or cancer.

Most people go decades without needing any hospitalization. The notion that everyone breaks a bone every year is absurd.

 

[Doc Savage Fan]

Yep, back when the Medicaid extension was part of it. And then what happened?

Maybe because many State budgets are highly stressed and some felt that they couldn't afford to pay for it when the 100% federal subsidy runs out in 2020?

 

[Sonikku]

Can we have single payer now? Please?

 

[Victorian Gray]

relative recent info on emergency room use (article is from Feb. this year):

"A government report published Thursday shows Obamacare is still far from achieving one of its goals.

President Barack Obama's health care reform law, the Affordable Care Act, has brought the number of people lacking health insurance to a historic low. Yet it also aimed to reduce visits to emergency departments, where the uninsured would often go to receive care but which are often strained with high volumes of patients and deliver more costly services. In giving millions more people access to health insurance coverage, the creators of Obamacare theorized that patients would seek medical help earlier with their doctors as symptoms develop, rather than rush to the emergency room during a time of crisis.

But findings from the Centers for Disease Control and Prevention suggest that not having health care coverage isn't the only factor keeping people from defaulting to the ER for care, and that "ER use overall has not changed significantly after the first full year of ACA implementation."

http://www.usnews.com/news/blogs/data-mine/2016/02/18/obamacare-has-barely-made-a-dent-in-er-visits

and the link to the govt. report the article is based on:

http://www.cdc.gov/nchs/data/nhsr/nhsr090.pdf

 

[JEDI]

relative recent info on emergency room use (article is from Feb. this year):

"A government report published Thursday shows Obamacare is still far from achieving one of its goals.

President Barack Obama's health care reform law, the Affordable Care Act, has brought the number of people lacking health insurance to a historic low. Yet it also aimed to reduce visits to emergency departments, where the uninsured would often go to receive care but which are often strained with high volumes of patients and deliver more costly services. In giving millions more people access to health insurance coverage, the creators of Obamacare theorized that patients would seek medical help earlier with their doctors as symptoms develop, rather than rush to the emergency room during a time of crisis.

But findings from the Centers for Disease Control and Prevention suggest that not having health care coverage isn't the only factor keeping people from defaulting to the ER for care, and that "ER use overall has not changed significantly after the first full year of ACA implementation."

http://www.usnews.com/news/blogs/data-mine/2016/02/18/obamacare-has-barely-made-a-dent-in-er-visits

and the link to the govt. report the article is based on:

http://www.cdc.gov/nchs/data/nhsr/nhsr090.pdf

hm.. I wonder why ER usage haven't dropped?

 

[Victorian Gray]

hm.. I wonder why ER usage haven't dropped?

Did you try reading the linked report?

 

[Jhhnn]

Maybe because many State budgets are highly stressed and some felt that they couldn't afford to pay for it when the 100% federal subsidy runs out in 2020?

Or maybe it's just the party of No doing their thing to deny honest & hard working state citizens the full benefits of the ACA. To shave a couple of percentage points off of ultra high income taxes, of course.

Cuz Job Creators! & trickle down goodness, obviously.

 

[Nebor]

They need to just go ahead and create a single payer system so that everyone is covered, and a parallel private system for legislators and those who purchase insurance. Like what the UK has.

 

[werepossum]

Most people go decades without needing any hospitalization. The notion that everyone breaks a bone every year is absurd.

Agreed. And for someone who qualifies for no or little subsidy but is just over the cap, health insurance is even more expensive now that it must cover everything, including freebies. Still, it's amazing what people consider affordable. Before (I think before) Obamacare I was waiting to start a meeting with several people. I'd ridden my Ninja, which caused another early arrival to tell me about his brand new Harley Davidson, $25k+, and all the extras he'd added. Not five minutes after that someone else brought up the health costs of motorcycles (what he termed "murdercycles") and Harley guy almost proudly announces that he has no health insurance because it's "too expensive". His bike, being financed, was insured; he was not.

My 650 Ninja cost $5k brand new. $20k will buy a LOT of health insurance. Even now. My sympathies for those who honestly can't afford it and are now being additionally squeezed by penalties, but there's a whole lot of willful stupid out there too.

Can we have single payer now? Please?

Not until you finish breaking the private health insurance he gave you. There are people starving for health insurance in India you know!

relative recent info on emergency room use (article is from Feb. this year):

"A government report published Thursday shows Obamacare is still far from achieving one of its goals.

President Barack Obama's health care reform law, the Affordable Care Act, has brought the number of people lacking health insurance to a historic low. Yet it also aimed to reduce visits to emergency departments, where the uninsured would often go to receive care but which are often strained with high volumes of patients and deliver more costly services. In giving millions more people access to health insurance coverage, the creators of Obamacare theorized that patients would seek medical help earlier with their doctors as symptoms develop, rather than rush to the emergency room during a time of crisis.

But findings from the Centers for Disease Control and Prevention suggest that not having health care coverage isn't the only factor keeping people from defaulting to the ER for care, and that "ER use overall has not changed significantly after the first full year of ACA implementation."

http://www.usnews.com/news/blogs/data-mine/2016/02/18/obamacare-has-barely-made-a-dent-in-er-visits

and the link to the govt. report the article is based on:

http://www.cdc.gov/nchs/data/nhsr/nhsr090.pdf

That's kind of beside the point though. Accepting that ER use has not materially changed, at least more of those people now have health insurance and are thus paying their way, albeit perhaps with subsidies.

 

[Kwatt]

They need to just go ahead and create a single payer system so that everyone is covered, and a parallel private system for legislators and those who purchase insurance. Like what the UK has.

Give it a little time. ACA deduction will show up on the pay stub. Then everyone will pay and have basic coverage.

Then the gov spending will be 1/3 for SS, 1/3 for Medicare/Medicaid, 1/3 for ACA, 1/3 for the military and what is left to cover everything else.

In gov accounting speak we will still have a surplus!

.

 

[Hugo Drax]

Somwhat happens when the moron has to go to the hospital and ends up with a 40k bill? How will he handle that?

Funny no one seems to balk at 200 dollar a month cable bills.

 

[glenn1]

Somwhat happens when the moron has to go to the hospital and ends up with a 40k bill? How will he handle that?

Funny no one seems to balk at 200 dollar a month cable bills.

Who cares? He knows he'll get treated no matter what; personal responsibility is for chumps so dump that bill on the taxpayers.

 

[DrPizza]

Most people go decades without needing any hospitalization. The notion that everyone breaks a bone every year is absurd.

It's called pooled risk. Everyone is at risk for hospitalization; some more than others. Too many idiots think, "I won't pay $3000 a year for insurance. I'll wait until year 15 when I get cancer and need $45000 worth of care before I purchase insurance. Ideally, on average, everyone breaks even. Unfortunately, the way the system is set up in the US, it's far from that since there's a huge middleman making a lot of profit from this setup.

 

[videogames101]

"Health Insurance" is not insurance.

Think about it.

 

[jackstar7]

"Your side"? Attitudes like that sure help.

I thought everyone was on the side of wanting the healthiest populace at the lowest possible cost?

Just wanted to quote this.

 

[Rakehellion]

It's called pooled risk. Everyone is at risk for hospitalization; some more than others. Too many idiots think, "I won't pay $3000 a year for insurance. I'll wait until year 15 when I get cancer and need $45000 worth of care before I purchase insurance. Ideally, on average, everyone breaks even. Unfortunately, the way the system is set up in the US, it's far from that since there's a huge middleman making a lot of profit from this setup.

Problem is, health care is expensive whether you're insured or not. Many sick people never get insurance. That's exactly the issue Obamacare is supposed to solve..

 

[sportage]

I DON'T WANT OR NEED CAR INSURANCE BECAUSE I WOULD NEVER GET IN AN ACCIDENT.
So there...!
(Forest Gump)

 

[sm625]

Doesnt look good for Obamacare??? This looks frickin great for Obamacare. Obamacare was designed to be a payout for the insurance companies, and it is doing a wonderful job. How else do you expect health care stocks to keep going up 8 years into a bubble? Forget the needs of the common folk, you have to look out for wall street after all. The dumbed down idiots will vote as they are told. The insurance is useless anyway. What good is a $4000 policy that carries a $6000 deductible and 30% coinsurance?

 

[Doc Savage Fan]

Doesnt look good for Obamacare??? This looks frickin great for Obamacare. Obamacare was designed to be a payout for the insurance companies, and it is doing a wonderful job. How else do you expect health care stocks to keep going up 8 years into a bubble? Forget the needs of the common folk, you have to look out for wall street after all. The dumbed down idiots will vote as they are told. The insurance is useless anyway. What good is a $4000 policy that carries a $6000 deductible and 30% coinsurance?

Insurance did mighty fine...however, to garner their support in order to get ACA passed, Big Pharma was the one that made a shitload of money off Obama's back room deal.

 

[JEDI]

Insurance did mighty fine...however, to garner their support in order to get ACA passed, Big Pharma was the one that made a shitload of money off Obama's back room deal.

ehh... not all health care funds are the same. I own prhsx.

blackline = big Pharma (xph)
blue = prhsx = t.rowe.price heathcare fund

pharma was leading in 2014 and 1st half 2015. (45% avg gain/yr vs 35% avg gain/yr till mid 2015 )
now basically tied between the 2 now. (both now 15% avg gain per year for the past 5 yrs.. back down to earth )

and yes, I sold some of my prhsx at the end of 2015 into Bonds. Saved 25%

 

[Doc Savage Fan]

ehh... not all health care funds are the same.

blackline = big Pharma (xph)
blue = prhsx = t.rowe.price heathcare fund

pharma was leading in 2015 and 1st half 2015.
now basically breakeven between the 2 now.

Both are well above the S&P 500. Your point? Do you support Obama's deal with Big Pharma?

 

[JEDI]

Both are well above the S&P 500. Your point? Do you support Obama's deal with Big Pharma?

whoops.. thought this was the stock market thread.

no, big pharma is raping everybody.
started w/Bush Jr giving them $Billions$ with Medicare Part D and the govt paying for meds for the elderly.
plus medicare CANT negotiate drug prices. WTF?!?!

now big pharma is paying companies that make generics to not make generics of their drugs that are coming off patent. thus forcing everyone to still pay their inflated prices.
<how is that even legal??? >