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08/19/13 08:30 AM
Thinks astrology is real
08/19/13 08:35 AM
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08/20/13 12:07 AM
08/20/13 12:27 AM
8trackmind wrote:Goring was fat, hedonistic, gay, and a drug addict.
08/20/13 06:17 AM
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08/20/13 03:36 PM
Beefcake wrote:'Shouldn't Obama spend a little more time focused like a laser on the economy and less time adopting dogs?
08/20/13 03:38 PM
08/20/13 04:49 PM
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08/21/13 07:20 AM
08/21/13 07:49 AM
New Jersey’s problem is emblematic of
what Obamacare will do in all 50 states: impose a highly regulated,
extremely expensive model of health insurance that a number of states
have already mandated — to the regret of many of their residents, who
have demanded an escape hatch — and prevent any state from permitting
such alternatives down the road.
New Jersey’s, which cost $200 to $400 per month, are one such
escape hatch. They don’t cover a wide range of services that Obamacare
mandates, and they apply dollar limits to how much they will spend on
certain services in a given year, which Obamacare prohibits. So these
simple plans are being eliminated, forcing people who have them to
purchase much more expensive comprehensive plans — or to go without.
(Obamacare does allow “catastrophic” plans for individuals under 30, but
so far, even these look likely to be much more comprehensive and expensive than what’s now considered catastrophic coverage.)
of those people undoubtedly have B&E plans because that’s all they
could afford (we don’t know how many, because New Jersey’s health
insurers don’t keep track of their customers’ income); some of them will
be eligible for federal insurance subsidies, allowing them to purchase
better health plans for the same out-of-pocket amount that they have
been paying for their B&E plans, or maybe even less. But many people
won’t be better off: Fully one-third of B&E customers are under the
age of 30, and they probably don’t buy a fancier plan because they
don’t want or need it, not because they can’t afford it. These people
will now have to buy vastly more expensive plans that cover a whole
range of services they don’t need, or else stay out of the market
altogether, paying the modest individual-mandate penalty and, if and
when they get sick, picking up insurance during that year’s
open-enrollment period (October to December).
This won’t just take
choices away from consumers; it will also probably cause many young,
healthy people to leave the insurance market or refuse to enter it at
all, meaning that the people who were supposed to benefit from better,
cheaper insurance won’t get as good a deal as they might if Obamacare
had a better plan than short videos
to attract “Young Invincibles.” Further, the insurance market, because
it will have no simple, high-deductible plans, will halt the increasing
trend of consumers paying more health-care costs out-of-pocket — and the
simultaneous slowdown in health-care inflation — in its tracks. In
addition, the number of people looking for insurance on the individual
market will only grow when employers, for various reasons under
Obamacare, dump some employees onto the exchanges — meaning that many
more Garden Staters than just the existing B&E customers will see
their choices reduced.
New Jersey’s market for comprehensive
insurance is already prohibitively expensive because insurance companies
can’t vary their prices on the basis of age, have to be open to
everyone, and must cover a huge range of mandated benefits, from baby
formula to alcoholism treatment (you can see a list of these giveaways
to physicians and hospitals here).
means the state has high rates of insurance coverage, but because of
these regulations, it also has extremely high premiums — some of the
highest in the country — and essentially no functioning individual market.
In 2003, the state legislature decided something had to be done to
enable individuals to find and afford coverage, so it created the
B&E plans, which are exempt from the state’s benefit mandates and
can therefore be much cheaper. Whether this is a sound fix from a
health-policy point of view could be disputed; what we know is that New
Jerseyites were fed up with the restrictions and high premiums attendant
to their system (and Obamacare’s) and demanded another option. Now
Obamacare is closing that escape hatch in New Jersey, while implementing
across the country all the regulations — and more — that pushed the
state’s premiums to unacceptably high levels.
New Jersey, in one
sense, is a place that Obamacare shouldn’t dislocate much. We don’t have
estimates of post-Obamacare premiums there yet, but a Society of Actuaries study
released in March estimated that while individual-market claims costs
(closely correlated with premiums nationwide) would increase by 32
percent, in New Jersey they would actually decrease by 1.6 percent (this
estimate was made before it was known that the low-cost plan used by 71
percent of the market in New Jersey would be eliminated). Yet there are
plenty of New Jerseyites who, contrary to Obama’s earlier promises,
will still see their health-care choices greatly diminished and made
much pricier — which is why the state had applied for a waiver to keep
the B&E plans.
Unlike New Jersey’s and New York’s existing
systems (but like that of Massachusetts), Obamacare has an individual
mandate, forcing people to pay a penalty if they don’t buy insurance.
That should mitigate some of the problems blue states have created for
their insurance markets, but especially without options like the one
just banned in New Jersey, young and healthy people will be likely to
flout the requirement.
That is, those worst served by the
blue-state model, the young and the healthy, will continue to get a bad
deal. And in the rest of the country, the new law will push premiums up
to the stratospheric levels that forced New Jersey to find an
Just ask yourself: How would you like your health insurance to be run like New Jersey, but from Washington?
08/21/13 10:51 AM
08/21/13 10:58 AM
08/21/13 12:31 PM
Maleia1 wrote:Beefcake wrote:'Shouldn't Obama spend a little more time focused like a laser on the economy and less time adopting dogs?Look how cute Sunny is! How can you not take out one minute of your life to adopt a lovable puppy who needs a good home?!
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