Author Topic: Obamacare Master thread  (Read 199437 times)

Offline Yehuda25

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Re: Obamacare Master thread
« Reply #440 on: January 11, 2018, 12:27:21 AM »
Canada?hahahshahaha
+1 he's clueless.
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Offline ExGingi

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Re: Obamacare Master thread
« Reply #441 on: January 11, 2018, 02:59:53 AM »

Israel manages well, so do the Scandinavian countries, personal experience in Israel and Norway.
The key to what goes on in Israel is basic coverage that everyone gets, and the market of supplemental coverage.
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Offline ludmila

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Re: Obamacare Master thread
« Reply #442 on: January 12, 2018, 02:03:35 AM »
The key to what goes on in Israel is basic coverage that everyone gets, and the market of supplemental coverage.
Thanks, I do not have coverage in Israel any more, I read somewhere that you either have to live 6 months in a row in Israel or pay a certain amount of shekels upfront to get immediate coverage for a family, any idea how it works?
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Re: Obamacare Master thread
« Reply #443 on: January 12, 2018, 02:05:05 AM »

Thanks, I do not have coverage in Israel any more, I read somewhere that you either have to live 6 months in a row in Israel or pay a certain amount of shekels upfront to get immediate coverage for a family, any idea how it works?
No idea. Never lived there as an adult.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline aygart

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Re: Obamacare Master thread
« Reply #444 on: January 12, 2018, 09:34:06 AM »
Thanks, I do not have coverage in Israel any more, I read somewhere that you either have to live 6 months in a row in Israel or pay a certain amount of shekels upfront to get immediate coverage for a family, any idea how it works?
You can buy kupat cholim coverage IINM
Feelings don't care about your facts

Offline churnbabychurn

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Re: Obamacare Master thread
« Reply #445 on: January 21, 2018, 08:00:50 AM »
Even the healthiest people can get sick or injured out of the blue. I know it doesn't feel good to pay $8,000/year when your expected expenses on an average annual basis are far less, but it's insurance, and it can save you from being financially wiped out (and possibly gain you access to doctors).

We have a broken system, and Obamacare was a step in the wrong direction. A healthy person (family) should in theory do better with a high deductible plan and an HSA.

Though not HSA eligible, healthy people under 30 often do best (financially speaking, as well as great simplicity) with a catastrophic plan.
Under 30 are not HSA eligible?

Offline ExGingi

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Re: Obamacare Master thread
« Reply #446 on: January 21, 2018, 08:02:50 AM »
Under 30 are not HSA eligible?
Catastrophic plans aren't HSA eligible.
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Offline churnbabychurn

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Re: Obamacare Master thread
« Reply #447 on: January 21, 2018, 09:50:16 AM »
Catastrophic plans aren't HSA eligible.
O.
But I thought higher deductable is *more* eligible- Arnt catastrophic ones higher?

Offline ExGingi

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Re: Obamacare Master thread
« Reply #448 on: January 21, 2018, 10:16:41 AM »
O.
But I thought higher deductable is *more* eligible- Arnt catastrophic ones higher?
Don’t think too much. Find out the facts.

I didn’t look into the specifics of WHAT makes catastrophic plans as ineligible HDHP for HSA compatibility, but rest assured that it was done deliberately by design.

I would presume that deductible is slightly too high.

ETA:

Quote
HDHP Out-of-Pocket Maximums. The 2018 limit on out-of-pocket expenses (including items such as deductibles, copayments, and coinsurance, but not premiums) for self-only HDHP coverage will be $6,650 (a $100 increase from 2017), and the 2018 out-of-pocket limit for family HDHP coverage will be $13,300 (a $200 increase from 2017).

Catastrophic plans have a $7,350 deductible for individuals in 2018.
« Last Edit: January 21, 2018, 10:21:44 AM by ExGingi »
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Offline ExGingi

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Offline aygart

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Re: Obamacare Master thread
« Reply #451 on: March 28, 2018, 09:32:37 AM »

It is not a simple statement at all (besides the obvious silliness in the way it was worded). Increased insurance coverage does not necessarily lead to more favorable outcomes among those now covered.
Feelings don't care about your facts

Offline ExGingi

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Re: Obamacare Master thread
« Reply #452 on: March 28, 2018, 06:40:56 PM »


Or why don't we quote the full paragraph:
Quote
There’s plenty of evidence that having insurance is a good thing. People with health coverage spend less out of pocket on medical care and are less likely to go bankrupt. They see the doctor more often and get more preventive care. They’re less depressed and tell researchers they feel healthier. Some studies suggest having insurance reduces the likelihood of death.

Which is why Obamacare is so bad. It makes people drop insurance, knowing that there's no pre-existing condition limitation. Open enrollment a problem? There are workarounds for that too, albeit not instant, could take a month or two.
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Offline incendia

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Re: Obamacare Master thread
« Reply #453 on: March 29, 2018, 10:36:06 AM »
Or why don't we quote the full paragraph:
Which is why Obamacare is so bad. It makes people drop insurance, knowing that there's no pre-existing condition limitation. Open enrollment a problem? There are workarounds for that too, albeit not instant, could take a month or two.

Thats why there was a mandatory enrollment

Offline ExGingi

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Re: Obamacare Master thread
« Reply #454 on: March 29, 2018, 05:19:37 PM »
Thats why there was a mandatory enrollment
With a penalty that was cheaper than having insurance. The actuaries aren't stupid. They know how to price things, and the risks introduced by Obamacare are just that much more expensive to the insurance companies.

It's also about time that Health Insurance is separated from Prepaid Medical.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline incendia

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Re: Obamacare Master thread
« Reply #455 on: April 02, 2018, 11:42:00 AM »
With a penalty that was cheaper than having insurance. The actuaries aren't stupid. They know how to price things, and the risks introduced by Obamacare are just that much more expensive to the insurance companies.

It's also about time that Health Insurance is separated from Prepaid Medical.

The penalty still worked for some people, there is at least one example up thread of someone saying they are getting insurance because of the penalty

Some people think that having a mandate will still encourage some people get insurance even with the penalty dialed down to 0


The reason that prepaid medical is covered by insurance is because paying for 1000 flu shots is cheaper (and better for society) than having 10 people show up in the ER with the flu, and paying for yearly blood tests and cholestral medcine is cheaper (and better for society) than paying for rehab after a heart attack

Offline aygart

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Re: Obamacare Master thread
« Reply #456 on: April 02, 2018, 11:49:01 AM »
The penalty still worked for some people, there is at least one example up thread of someone saying they are getting insurance because of the penalty

Some people think that having a mandate will still encourage some people get insurance even with the penalty dialed down to 0


The reason that prepaid medical is covered by insurance is because paying for 1000 flu shots is cheaper (and better for society) than having 10 people show up in the ER with the flu, and paying for yearly blood tests and cholestral medcine is cheaper (and better for society) than paying for rehab after a heart attack
So then why are catastrophic plans not more expensive?
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Offline ExGingi

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Re: Obamacare Master thread
« Reply #457 on: April 02, 2018, 12:12:48 PM »
The reason that prepaid medical is covered by insurance is because paying for 1000 flu shots is cheaper (and better for society) than having 10 people show up in the ER with the flu, and paying for yearly blood tests and cholestral medcine is cheaper (and better for society) than paying for rehab after a heart attack
You are confusing terms.

The only pure health insurance currently available (only to individuals up to the age of 30) are catastrophic plans. Maybe if they would be made available to everyone,the market would work better.

Instead people are forced to purchase plans that includes a prepaid medical element (not talking about preventative medicine, but prepaid medical expenses), which makes the plans very expensive, which is why people don't want them.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline incendia

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Re: Obamacare Master thread
« Reply #458 on: April 02, 2018, 02:52:50 PM »
You are confusing terms.

The only pure health insurance currently available (only to individuals up to the age of 30) are catastrophic plans. Maybe if they would be made available to everyone,the market would work better.

Instead people are forced to purchase plans that includes a prepaid medical element (not talking about preventative medicine, but prepaid medical expenses), which makes the plans very expensive, which is why people don't want them.

Can you better explain to me what you mean by "prepaid medical expenses"


So then why are catastrophic plans not more expensive?

I'm not to familiar with catastrophic plans but from what I understand is that they are dirt cheap for a few reasons

1) self segregation of risk pools ie only healthy people sign up sick people go to regular plans (This is the main reason why they are problematic) 
2) age limitations
3) high deductibles
4) they are junk and don't cover much even in a catastrophe 

Offline ExGingi

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Re: Obamacare Master thread
« Reply #459 on: April 02, 2018, 03:09:58 PM »
Can you better explain to me what you mean by "prepaid medical expenses"
Insurance is for unexpected or rare expenses.

Prepaid medical assumes that an average person will have a certain amount of expenses (that most people can afford to pay for), and offers an opportunity to smooth out the expenses (across a pool of members) at negotiated rates.

Quote

I'm not to familiar with catastrophic plans but from what I understand is that they are dirt cheap for a few reasons

1) self segregation of risk pools ie only healthy people sign up sick people go to regular plans (This is the main reason why they are problematic) 
2) age limitations
3) high deductibles
4) they are junk and don't cover much even in a catastrophe
You are totally uninformed.

Get your facts right about catastrophic plans available currently to eligible individuals.
« Last Edit: April 02, 2018, 04:11:11 PM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
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