...a family of four who pays $13,375 for health insurance decides to cancel their health insurance, and instead pay the $1000 fine. God forbid poor little Billy gets cancer, but because of the pre-existing condition deally, now he can go get all the health care he needs.
What's stopping this situation from playing out?
Someone who can't balance a budget probably shouldn't be in a position to spend someone else's money.
Originally Posted by ryan
Interesting......
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An obvious choice to make.
This is one reason why I don't understand how people are being forced to buy a commercial product.
Of course, the increase in revenue can assist with the defraying the government's portion of the costs.
Raptor Jesus: He went extinct for your sins.
The fine is the representation of force.
Man you are blind.
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Nothing! They can sign up for HI whenever they need to use it, then cancel it and just pay the fine!
Don't be suprised to see stuggling companies do this! It's cheaper to pay a $2,000 fine than $13000 a year plan! And i bet if you asked anyone they'd rather have a job with no HI, then no job and no HI! Except maybe NBR.
"I know you guys enjoy reading my stuff because it all makes sense. "
Dumbest post ever! Thanks for the laugh PO!
You're starting to sound like Jim O.
If you have no job, under this bill, you'll have health insurance...
Raptor Jesus: He went extinct for your sins.
I'm so glad i'll be broke and living without a house... but hey i'll be able to go see a doctor...
but dont worry i'll feel wonderful living off someone else...
"I know you guys enjoy reading my stuff because it all makes sense. "
Dumbest post ever! Thanks for the laugh PO!
It's one less thing to worry about while unemployed. You'll be able to go and see a doctor.I'm so glad i'll be broke and living without a house... but hey i'll be able to go see a doctor...
but dont worry i'll feel wonderful living off someone else...
Doesn't help a job search if you are sick and unable to care; so you can continue your job search.
But hey, unemployment wont be so bad. Some people are claiming just under half the doctors are going to retire. Medical field is looking better and better, eh?
Raptor Jesus: He went extinct for your sins.
Curiously, I looked into health care for my son, who's an ironworker (when they work). He said it would be $2000 a month (through the union) for him and his wife.
I have Independent Health since 1994 and been sick all that time as well. At that time it was $150 a month. I now pay $33.60.For my son it would be $1200, just HIM!
So he goes without.
Well, for one thing, if they can afford the $13,000+ for private health insurance, they likely won't qualify for the government subsidized health insurance.
So they'd be paying the fine annually, but still remain uncovered.
"I won't live by rules that make no sense to me." - Evan Tanner 1971-2008
Transfixus sed non Mortuus
That's the point. They're going to pocket the $12,000 until they actually need the health insurance, and once something happens they can just sign right back up.
Someone who can't balance a budget probably shouldn't be in a position to spend someone else's money.
Some interesting items to note
Washington Post
And what happens if you don't buy insurance and you don't pay the penalty? Well, not much. The law specifically says that no criminal action or liens can be imposed on people who don't pay the fine. If this actually leads to a world in which large numbers of people don't buy insurance and tell the IRS to stuff it, you could see that change. But for now, the penalties are low and the enforcement is non-existent.So how much of the COB estimates were based on collecting these fines? Since there is no teeth to the collection process, I doubt many people are going to pay. Do you think THIS could change the numbers?
The irony of the mandate is that it's been presented as a terribly onerous tax on decent, hardworking people who don't want to purchase insurance. In reality, it's the best deal in the bill: A cynical consumer would be smart to pay the modest penalty rather than pay thousands of dollars a year for insurance. In the current system, that's a bad idea because insurers won't let them buy insurance if they get sick later. In the reformed system, there's no consequence for that behavior. You could pay the penalty for five years and then buy insurance the day you felt a lump.Nice topic Ryan. Looks like you are not alone in this thinking.
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Ah, I get your point. Wow. I never thought of that. That's awesome. I'm canceling my policy until I need it!
But even with that option rates will go down. The CBO says so. So it's all good....
"I won't live by rules that make no sense to me." - Evan Tanner 1971-2008
Transfixus sed non Mortuus
I wonder what would happen if every private sector worker just opted out and only paid $2500.00 per year. The new health care system would be bankrupt in a matter of days!!!
**free is a trademark of the current U.S. government.
Ever hear of a "waiting period" for coverage?
Generally, health insurance policies, even through your employer, have a waiting period, usually 30-90 days. So, if you change jobs, you are covered by your previous employer's insurance for 30-90 days while waiting for your new employer's HI to take effect.
I have no doubt that under the health reform law, insurance companies will have longer minimum waiting periods for coverage of pre-existing conditions -- and possibly even longer for people who choose to not carry health insurance just to prevent this scenario.
Little Billy could run up $14,000 in medical bills in his first couple of weeks after diagnosis (not counting all the tests that would be needed prior to a definitive diagnosis).
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