Millions opt out of Obamacare despite penalities
Finding out what’s in it: The White House last month admitted that millions of healthy Americans have decided it is cheaper to pay the Obamacare penalty for not having health insurance than pay for insurance that is too expensive and does them little good.
Because so many young and healthy people are doing the math and refusing to pay for a product they don’t need and costs them far more than it is worth, the insurance pool is, as predicted, increasingly made up of sick people only. Such a pool is not viable for the insurance companies, and guarantees that they will eventually go bankrupt.
But hey, Obama and the Democrats promised us all that Obamacare would lower costs and make everyone happy. They wouldn’t lie to us, would they?
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Finding out what’s in it: The White House last month admitted that millions of healthy Americans have decided it is cheaper to pay the Obamacare penalty for not having health insurance than pay for insurance that is too expensive and does them little good.
Because so many young and healthy people are doing the math and refusing to pay for a product they don’t need and costs them far more than it is worth, the insurance pool is, as predicted, increasingly made up of sick people only. Such a pool is not viable for the insurance companies, and guarantees that they will eventually go bankrupt.
But hey, Obama and the Democrats promised us all that Obamacare would lower costs and make everyone happy. They wouldn’t lie to us, would they?
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either. IMPORTANT! If you donate enough to get a book, please email me separately to tell me which book you want and the address to mail it to.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Lying? But its for your (and the collectives) own good.
Bankrupt? Of course, then the only alternative is a single payer system and that’s best for us all.
“Increasingly the call is not so much for a benevolent and charismatic dictator, but for an impaneled committee of experts to rule over our lives. Former Obama budget adviser Peter Orszag and Thomas Friedman argue openly that power should shift from naturally contentious elected bodies—subject to pressure from the lower orders—to credentialed “experts” operating in Washington, Brussels, or the United Nations.” http://www.thedailybeast.com/articles/2016/01/03/how-liberals-are-the-new-autocrats.html
Robert wrote: “millions of healthy Americans have decided it is cheaper to pay the Obamacare penalty for not having health insurance than pay for insurance that is too expensive and does them little good.”
I am happy to be one in a million (or several million). I, too, am a happy scofflaw, having realized two years ago that I save significantly more money by being self insured than buying expensive insurance with high deductibles and a 50%-ish co-pay for amounts above the deductible. I am healthy, and my family history is of healthy people, so I am now better off with a $20,000+ medical bill than I would have been had I purchased the expensive and virtually useless Obamacare insurance over the past two years. As the years pass, this seemingly large $20,000 break-even point keeps going higher and higher.
Being unemployed, saving all that money is more mandatory than the requirement to buy the insurance. Not only would the penalty be far less than the savings, I have so little income that I don’t even have to pay the scofflaw penalty (less than the combination of the standard deduction and the personal exemption). Frankly, this gives an incentive to stay unemployed and pursue my passion/artistic talent, just as Pelosi suggested. https://www.youtube.com/watch?v=Hd-iM9Wmdgo (1 minute)
It is too bad that we healthy Americans are so much smarter than the politicians — or the insurance executives who didn’t do the math when they supported Obamacare seven years ago. They seem to have assumed that we were the idiots that Gruber told them we were. https://www.youtube.com/watch?v=Adrdmmh7bMo (2 minutes)
As Robert said, we did the math. We understood the economics of our household budgets and chose the inexpensive option: to become scofflaws.
Ironically, by not buying expensive healthcare insurance, I save the promised $2,600 per year; it is just that I no longer have any insurance, especially not the catastrophic coverage plan that I used to have — whose premium and deductible were lower than the Obamacare-compliant plans, and didn’t have huge co-pays for the amount above the deductible (the heritage plan was lower price and better service). Plus, Obamacare-compliant plans treat us as hermaphrodites, covering us for both male and female related maladies. No wonder they are overpriced.