General Discussion

Bob Wallace

(549 posts)

52. People who don't have any money with get free insurance.

Sun Jan 1, 2012, 03:32 PM

Jan 2012

People with only a little money will get free insurance.

For the first time low income singles will receive Medicaid. A single 35 year old working 40 hour weeks, 52 weeks a year for minimum wage will receive Medicaid.

People with only modest amount of money will get health insurance for a modest monthly premium.

A 35 year old who makes $40,000 per year and has a family of four will have a premium of $165 per month.

Yes, they will have a deductible and could be hurt by additional out of pocket expenses in a bad year, but without the PPACA their premium would have been $925 a month. Plus deductible and out of pocket expenses.

It's not a perfect program, but it's pretty danged good for the 49.9 million Americans who didn't have health care in 2010.

If we elect a Democratic Congress we can make it even better. PBO has signed every single good piece of legislation that has reached his desk.

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The Bomb Buried In Obamacare Explodes Today-Hallelujah! [View all] jorno67 Dec 2011 OP

A step in the right direction. nt ZombieHorde Dec 2011 #1

A teeny, tiny step, but a step nontheless. russspeakeasy Dec 2011 #4

The longest journey begins with a teeny, tiny step. nt gateley Dec 2011 #16

No, it's pretty f'ing huge. The Doctor. Jan 2012 #74

This "Teeny, tiny step" will lead to the ultimate end of for-profit insurance companies WonderGrunion Jan 2012 #115

Will that get Huckleberry off my TV? Blacksheep214 Dec 2011 #2

he is just cashing in, repeal is impossible Motown_Johnny Dec 2011 #13

Huckleberry. leeroysphitz Jan 2012 #28

someone should ask him who pays his health insurance LiberalFighter Jan 2012 #47

Notice how Forbes frames a tiny little slice of justice for the consumer and against corporations... MilesColtrane Dec 2011 #3

Our insurance company is sponsoring First Night in downtown Pgh. tonight livetohike Dec 2011 #5

HA HA! mistertrickster Dec 2011 #6

Not much of a bomb as most larger carriers already exceed that ratio leveymg Dec 2011 #7

So if the Premiums are Not Going to Earnings, Compensation, and Other Overhead, On the Road Dec 2011 #9

Salaries and share equity - BC/BS is an association of hospitals, clinics and health care providers. leveymg Dec 2011 #14

OK, But Aren't Many of Those Things Part of the the 7% Overhead? On the Road Jan 2012 #39

No salary cost-containment in the US system - compensation isn't overhead, it's most of the 93% leveymg Jan 2012 #44

We pay Blue Shield $1200 a month. Seriously. tblue Dec 2011 #8

I do too, but my two autistic children make that a good deal. Throckmorton Jan 2012 #71

I'm very glad you have coverage! tblue Jan 2012 #114

Please keep this in mind. MedicalAdmin Dec 2011 #10

Have you got a link for that claim? Bob Wallace Jan 2012 #51

Claim verification yes. MedicalAdmin Jan 2012 #57

What's the thinking behind denying claims? Bob Wallace Jan 2012 #58

It works like this. MedicalAdmin Jan 2012 #61

I don't understand that thinking... Bob Wallace Jan 2012 #66

So ... The invisible hand of the market MedicalAdmin Jan 2012 #75

No, but market forces are a tool that can be used. Bob Wallace Jan 2012 #78

Lol. Now THAT is funny. MedicalAdmin Jan 2012 #82

Yep... Bob Wallace Jan 2012 #90

Anti monopoly laws stop monopolies from forming. MedicalAdmin Jan 2012 #97

Market forces break down in the absence of anti-trust regulation. Selatius Jan 2012 #128

You think that will hold once the Exchange is in place... Bob Wallace Jan 2012 #129

Anecdotal evidence? MedicalAdmin Jan 2012 #130

Skunk!!! (Holds nose when confronted with stinky attitude) Bob Wallace Jan 2012 #132

Regarding your second sentence. MedicalAdmin Jan 2012 #133

You read me incorrectly... Bob Wallace Jan 2012 #134

I'm not sure if my case is applicable here, but I'll play along anyway. MedicalAdmin Jan 2012 #136

Wow. All I can say is that you really don't understand these companies. At all. MedicalAdmin Jan 2012 #84

Please... Bob Wallace Jan 2012 #92

This message was self-deleted by its author MedicalAdmin Jan 2012 #98

There is so much WRONG with this.... bvar22 Jan 2012 #116

I live in a very rural part of a very thinly populated county... Bob Wallace Jan 2012 #125

I work in the claims payment industry.. sendero Jan 2012 #124

Thank you for telling me that I sound like some sort of a libertarian fool... Bob Wallace Jan 2012 #126

I might have found the answer... Bob Wallace Jan 2012 #80

Neither of those are medical review. MedicalAdmin Jan 2012 #85

Again... Bob Wallace Jan 2012 #93

Can you ship me some of that weed. MedicalAdmin Jan 2012 #94

I do not think that is true, according to the final rule on calculating the Medical Loss Ratio. Hoyt Jan 2012 #87

All of which doesn't matter a gnats fart in a hurricane without... MedicalAdmin Jan 2012 #95

Oh come on. What does that have to do with this topic? Hoyt Jan 2012 #100

Are you kidding? MedicalAdmin Jan 2012 #105

You are the one spreading incorrect information on how the MLR will be calculated. Hoyt Jan 2012 #106

OK. you win. MedicalAdmin Jan 2012 #108

No. The real BOMB explodes in 2014... bvar22 Dec 2011 #11

Here is the outrageous truth. nt woo me with science Jan 2012 #25

A sad +1 n/t wakemewhenitsover Jan 2012 #27

You got it SixthSense Jan 2012 #33

Don't believe MLR calculation is left up to insurers, although I understand your suspicion. Hoyt Jan 2012 #88

THANK YOU for keeping it real fascisthunter Jan 2012 #36

Thanks for keeping it real Oilwellian Jan 2012 #37

+1 area51 Jan 2012 #40

Only those who are uninsured by choice will be bothered. lumberjack_jeff Jan 2012 #43

Candidate Obama disagreed with you. bvar22 Jan 2012 #45

He was wrong then, and that's why I supported Hillary. lumberjack_jeff Jan 2012 #48

People who don't have any money with get free insurance. Bob Wallace Jan 2012 #52

Could you provide a link, please. Cameron27 Jan 2012 #68

I can give you something of a link... Bob Wallace Jan 2012 #70

Thank you very much. Cameron27 Jan 2012 #73

Earnest Dealer. The Doctor. Jan 2012 #77

So I am uninsured by choice? MedicalAdmin Jan 2012 #59

My Wife & I are "Uninsured by Choice" too. bvar22 Jan 2012 #89

Right back atcha. MedicalAdmin Jan 2012 #96

+1000, until the 'for-profit' nature of medical care is ripped asunder, the US people are screwed stockholmer Jan 2012 #46

They won't be the only ones who are pissed. hughee99 Jan 2012 #65

McCarran-Ferguson act E6-B Dec 2011 #12

Excellent point. MedicalAdmin Jan 2012 #62

This was almost a month ago, new stuff happens 1/1/2012 Motown_Johnny Dec 2011 #15

AKA the shift administrative costs to the doctors MedicalAdmin Jan 2012 #60

it seems to be an attempt to reduce billing costs Motown_Johnny Jan 2012 #72

Good, but we've still got ~ 15% of our precious healthcare dollars... Scuba Dec 2011 #17

And 1% to 3% for Canadian health care murphyj87 Dec 2011 #22

All good points but canada's overhead percentage MedicalAdmin Jan 2012 #63

Statistics show murphyj87 Jan 2012 #81

Holy crap. That is a freakishly great post. MedicalAdmin Jan 2012 #86

Over 10% of Medicare dollars go to fraud and abuse. bornskeptic Jan 2012 #49

And no doubt some private insurance dollars go to fraud and abuse.... Scuba Jan 2012 #50

Administrative costs are mostly employee salaries. bornskeptic Jan 2012 #55

Is there data to support that? Scuba Jan 2012 #56

As time goes on... Bob Wallace Jan 2012 #53

This was Franken's idea, right? LiberalAndProud Dec 2011 #18

A business that can pull a 10% profit margin for doing nothing but shuffling paper. Whoopee. Sirveri Dec 2011 #19

No health insurance company approaches a 10% profit margin. bornskeptic Jan 2012 #69

which is why this does nothing. Sirveri Jan 2012 #101

No universal health care means Americans are NOT getting what we want. just1voice Dec 2011 #20

That was nearly a month ago. Courtesy Flush Dec 2011 #21

I thought that was last month? tavalon Jan 2012 #23

As if they will enforce this anyway. fasttense Jan 2012 #24

Call in the accountants! Bragi Jan 2012 #30

k&r... spanone Jan 2012 #26

Excellent! eom MoonRiver Jan 2012 #29

A bomb most likely to cause systemic cost to increase. Watch as the allowable costs rise. TheKentuckian Jan 2012 #31

If 'today' means 'last month' then yes, it is today.... Bluenorthwest Jan 2012 #32

Here's ProSense Jan 2012 #34

So another win for the God Damn doctors and hospitals! RB TexLa Jan 2012 #35

Convince me that cost of insurance won't go up? BadgerKid Jan 2012 #38

If the cost of care was the same, that means they'd just owe an even bigger rebate check. phleshdef Jan 2012 #41

We will have a more competitive market than we've had before.... Bob Wallace Jan 2012 #54

What? MedicalAdmin Jan 2012 #64

Come on... Bob Wallace Jan 2012 #67

I hope it gets fixed. MedicalAdmin Jan 2012 #76

What happens before the bill goes into effect... Bob Wallace Jan 2012 #79

Please define "higher value care." What does that mean? MedicalAdmin Jan 2012 #83

I'm getting tired of your bitterness... Bob Wallace Jan 2012 #91

Did you just call me bitter? MedicalAdmin Jan 2012 #99

Bitter... Bob Wallace Jan 2012 #103

I have acknowledged much of that. MedicalAdmin Jan 2012 #107

I'm not holding your attitude against you... Bob Wallace Jan 2012 #109

Really? Bitter, I believe you said. MedicalAdmin Jan 2012 #110

If premiums go up at an unreasonable rate... Bob Wallace Jan 2012 #111

They work both ends of the street. MedicalAdmin Jan 2012 #112

This is getting tiresome... Bob Wallace Jan 2012 #113

If Costco is involved, what could go wrong? MedicalAdmin Jan 2012 #127

Difficult to Shop for Insurance? bvar22 Jan 2012 #117

I just did that... Bob Wallace Jan 2012 #119

expect the cost of healthcare to rise boston bean Jan 2012 #42

There is no differnce to make up. former9thward Jan 2012 #104

Do you realize the way to make more money is to increase costs? dkf Jan 2012 #102

Sort of correct... Bob Wallace Jan 2012 #120

Personally I have one provider through my employer. dkf Jan 2012 #121

That makes it easy... Bob Wallace Jan 2012 #122

I'll believe this when I see it. icymist Jan 2012 #118

kick spanone Jan 2012 #123

Now..this is a good thing...OK..I am late on this..but K and R anyway.. Stuart G Jan 2012 #131

The system is not perfect, Betty Karlson Jan 2012 #135