Posts Tagged ‘insurance’

The Real Cost of Obamacare

Posted by Troy on 25th October 2016 in Current Events, Political

Obama has announced that rates are going up by an average of 25%.  This is interesting considering there are a good number of states that are going up between 50% to 92% [that's the expected range].  I suspect there is some statistical magic and they used the lowest baseline.  However, what really annoyed me is that Obama had the gall, the unmitigated gall, to tell us “Look…no one is going to pay all that much more…because you get credits.  So, it costs more…but you get more credits, so…it’s okay.  If you have an employer plan, you’re not going to have these rate increases.”

Yeah…right.  One, we will have a rate increase due to taxes.  Where do you think those credits come from?  They come from tax dollars (or more appropriately…debt).  So, when they increase the tax credits, they also must increase our taxes.  It’s that simple.

Insurance companies are being forced to sell plans to people with pre-existing conditions.  They are also limited in the amount they can charge for these plans.  Since they have no choice but to offer these plans, the way the insurance companies make up the difference is by charging healthy people more for their plans.  Do you think that they won’t charge “employer plans” more if the other option is bankruptcy?

The main driver of increasing medical costs is the third-party payer system.  When you have a third-party paying, there is little incentive for patients to be price adverse.  Why should they haggle on the price when they are not the one paying?  Why should they question if they need this procedure more than another procedure?  Third-party payer systems remove the mechanics that set a market efficient price.

The cold fact of the matter is that Obamacare has also increased the demand for medical services without increasing the supply at all.  With more patients chasing the same supply, this forces the price upwards.  Since medical services increased in price, the insurance must also increase in price.

Of course, the Democrats will say that the only option is to go to a single payer system.  Yes, of course!  Government meddling has done a fantastic job so far.  Surely, more government interference is just what we need.  Here’s the truth: it may feel like you are not paying for insurance, but it’s just that the costs will be hidden from you.  It will come out as withholding and surtaxes and decreased defense spending and death panels and all kinds of things like this.  Mark my words: don’t buy the poison.

Long Live the Constitution!

Sequestration: We are doomed

Posted by Troy on 13th March 2013 in Political

Sequestration has proved we are doomed, at least if the Democrats stay in power.  Do you realize that by the end of Obama’s term, we will be spending more money than we were last year?  And yet, the Democrats say that this Sequestration is the death of the world.  If we can’t even hold spending steady, we are doomed.  There’s no way around that.

This is on top of the fact that insurance rates are set to increase 20 to 100% in 2014 due to Obamacare.  Thank you Obama for giving everyone healthcare by forcing everyone to buy insurance.  Good one.  Finally, Obama has declared that he will not balance the budget just to have a balanced budget.  That’s insane.  Her’s the trick, and it’s what Washington told us, there is no excuse to use public debt except for in times of war.  That’s it.  I might make an exception for long term capital projects like dams and bridges and roads, but maintenance of this and all other programs must never be funded by debt.  If you do, you have made a recipe for financial ruin.

Long Live the Constitution!

Romney Killed My Wife!

Posted by Troy on 9th August 2012 in Current Events, Political

A new attack ad on Romney claims that his shutting down a plant caused a man’s wife to die.  Shall we also charge liquor store owners with drunk driving deaths then?  What about you eating crab when someone dies on The Most Dangerous Catch?  Do you see where we are going?  Did you know that it is a given that x number of workers will be killed building a road or building a building?  If we set a speed limit of 35 miles per hour, we would have virtually zero fatalities on the road.  Does your desire not to take seven forevers in getting somewhere mean that you are directly responsible for these deaths?  Sounds that way, really.  Is it a company’s objective to provide health care to people?  Nope.  It’s to make a profit.  If you owned a business that wasn’t profitable, you wouldn’t sit there and keep losing money.  Would you?  If you would, it’s no small wonder that you don’t own a business.

Here’s the real answer to this attack, and it’ll never be said.  Sometimes, life sucks.  Sometimes, life is unfair.  Everyone you know will eventually die.  Sometimes through no fault of their own.  Perhaps, if the steel mill had been left open, the husband would have fallen into a vat of molten steel and died, and his wife still would have died of cancer.  Life is crazy and unpredictable.  The only thing we can do is play the hand we are dealt to the best of our abilities.  I’m sorry that the man’s wife died, but Romney’s no more to blame than anyone else.  This isn’t to mention the fact that she died 7 years after he was fired and had insurance of her own.

Life isn’t fair.  Deal with it.

Long Live the Constitution!