Meet Chad Henderson

Obamacare consolidates risk, grouping those most likely to cost premium money (old, sick) with those who have little chance of receiving a payout (young, healthy). The Obamacare premium is based on the demographics of your county, the“community rating,” which assesses medical risk in terms of the population demographics of your county, rather than you as an individual

If young people (those unlikely to receive benefits) fail to sign up for insurance in the numbers needed to make the scheme work ( given the small penalty for failing to do so, that is a definite possibility); or if the so-called Cadillac tax on high-dollar health plans scheduled for 2018 never happens (labor unions hate it) Obamacare will financially collapse


The young and healthy are thus the keys to subsidizing the whole Risky Scheme.
And in "success story" California?
The young, 18-34, only make up 23% of the pool.

The report released Thursday by Covered California, which operates the online exchange, shows that 56 percent of the 30,830 people who had enrolled in plans by Oct. 31 were in the 45- to 64-year-old category.
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Furthermore: We don't know if the few young people enrolling are both young and healthy. We merely know they're young. If they're young and unhealthy, then they don't subsidize anything at all -- then they're net takers out of the system, and they will speed Obamacare towards fiscal meltdown.


What Obamacare needs are enrollees who are:
A, young,
B, healthy,
C, making enough money so they get no subsidy

So far Covered California is not getting enough A) young people to sign up.
I doubt they're doing any better on B) and C)

Most progressives believe that :

obama-unicorn.jpg


D) unicorns shitting skittles will make the Obamacare scheme work
 
Obamacare feel good story of week : Older hill aides shocked by Obamacare prices.

“In a shock to the system, the older staff in my office (folks over 59) have now found out their personal health insurance costs (even with the government contribution) have gone up 3-4 times what they were paying before,” Minh Ta, chief of staff to Rep. Gwen Moore (D-Wis.), wrote to fellow Democratic chiefs of staff
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:lol:
 
metalman said:
Obamacare consolidates risk, grouping those most likely to cost premium money (old, sick) with those who have little chance of receiving a payout (young, healthy).
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That's how insurance works. One day those healthy young people will be old sick pick people too.

The young and healthy are thus the keys to subsidizing the whole Risky Scheme.
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Like the guys who buy lottery tickets are subsidizing the people who win the jackpot.
Most progressives believe that :
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That there should be a public health plan. That's actually the opinion of the majority of Americans.


Sent from my SGH-I747M using Tapatalk
 
FluffyMcDeath said:
That's how insurance works. One day those healthy young people will be old sick pick people too.
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this is more than straight risk insurance, it is a retribution of wealth from young to old, the young are paying extra for their coverage above their calculated health risk, the very old are covered by medicaid

Like the guys who buy lottery tickets are subsidizing the people who win the jackpot
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state run lottery tickets are a voluntary tax payed by people who are bad at math
( the local bookie has a better payout, and its tax free)
Obamacare requires everyone to buy lottery tickets, and then IRS checks to make sure you bought your full quota of tickets

That there should be a public health plan. That's actually the opinion of the majority of Americans.
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their is a difference between covering catastrophic health expenses versus one that includes routine minor medical expenses

If auto insurance was like Obamacare, the auto insurance policy would not only cover expenses and liabilities of an accident, but also force insurers to cover the cost of oil changes, tune ups and gas for your car
 
A business woman featured in an Obamacare ad recently canceled the company insurance plan she offered her employees, because of price increases due to mandated additional coverage on her existing policy. But now she can’t get her employees on the exchange so they can buy new coverage for themselves …

 
another disappointment for teabaggers:

Obama just launched single-payer in America
Vermont is using authority granted under the Affordable Care Act to start a single-payer system.
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:banana:
As Senator Bernie Sanders (I-Vt.) opines, "The quickest route toward a national health care program will be when individual states go forward and demonstrate that universal and non-profit health care works, and that it is the cost-effective and moral thing to do.”
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metalman said:
this is more than straight risk insurance, it is a retribution of wealth from young to old, the young are paying extra for their coverage above their calculated health risk
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well, ya, sure. But like Fluffy pointed out, the young have a tendency to get old. Think of it more as an investment - they'll get it all back when they're old.


the very old are covered by medicaid
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Which of coarse is paid for by all that free money that falls out of Rush Limbaugh's fat ass, right? All that is tax money which also comes from the young. So what's the diff?
 
Glaucus said:
well, ya, sure. But like Fluffy pointed out, the young have a tendency to get old. Think of it more as an investment - they'll get it all back when they're old.
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So a ponzi scheme is ok, as long as its an non-voluntary Obamacare generational ponzi scheme!
 
FluffyMcDeath said:
Bloody Vermont. How come those people still have a functioning democracy?
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"A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine." -- Thomas Jefferson 3rd President of the United States

"A people who mean to be their own governors must arm themselves with the power knowledge gives. A popular government without popular information or the means of acquiring it is but a prologue to a farce or a tragedy, or perhaps both." -- James Madison 4th President of the United States

“The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.” ― Alexis de Tocqueville

.
 
metalman said:
So a ponzi scheme is ok, as long as its an non-voluntary Obamacare generational ponzi scheme!
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It's only as ponzi as private insurance. All the criticisms you can make about a big pool can be made about a small pool - you can keep dividing the risk until you get down to an individual - and if you were omniscient you would then know what rate to charge - presumably $0 plus a $100 a month processing fee for the person who will never collect. Though, of course, if it were possible to determine who was going to need health care and who wasn't, some people would never need insurance, and the other people would never be able to get it.
 
FluffyMcDeath said:
Do you really want to keep the doctors in that are more concerned with money than patients?
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The ones not concerned with money are concerned about doing good works for their eternal salvation

Take your pick
 
metalman said:
"A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine." -- Thomas Jefferson 3rd President of the United States
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But the current Plutocracy is a system in which 350 super rich elites take away the rights of the 350 million. Is a system that benefits slightly more than half the people worse than one that benefits only one in a million?
"A people who mean to be their own governors must arm themselves with the power knowledge gives. A popular government without popular information or the means of acquiring it is but a prologue to a farce or a tragedy, or perhaps both." -- James Madison 4th President of the United States
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Fox news most of the corporate media is there to make sure that popular information is favourable to the owners of that media and to their friends and partners.
“The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.” ― Alexis de Tocqueville
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Alexis said a bunch of stuff including:

The surface of American society is covered with a layer of democratic paint, but from time to time one can see the old aristocratic colours breaking through.

I know of no country, indeed, where the love of money has taken stronger hold on the affections of men, and where the profounder contempt is expressed for the theory of the permanent equality of property.

"The will of the nation" is one of those expressions which have been most profusely abused by the wily and the despotic of every age.

I know of no country in which there is so little independence of mind and real freedom of discussion as in America.

You may set the Negro free, but you cannot make him otherwise than an alien to the European. Nor is this all we scarcely acknowledge the common features of humanity in this stranger whom slavery has brought among us. His physiognomy is to our eyes hideous, his understanding weak, his tastes low; and we are almost inclined to look upon him as a being intermediate between man and the brutes.

I am obliged to confess that I do not regard the abolition of slavery as a means of warding off the struggle of the two races in the Southern states. The Negroes may long remain slaves without complaining; but if they are once raised to the level of freemen, they will soon revolt at being deprived of almost all their civil rights; and as they cannot become the equals of the whites, they will speedily show themselves as enemies.

In America a woman loses her independence for ever in the bonds of matrimony. While there is less constraint on girls there than anywhere else, a wife submits to stricter obligations. For the former, her father's house is a home of freedom and pleasure; for the latter, her husband's is almost a cloister.

But one of the things he didn't say was what you quoted above.
 
FluffyMcDeath said:
It's only as ponzi as private insurance. All the criticisms you can make about a big pool can be made about a small pool - you can keep dividing the risk until you get down to an individual
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private insurance is a betting pool, you make bad bets you go broke

government insurance is a ponzi scheme to buy votes and/or increase "contributions" from the favored insiders, bad bets get you re-elected because most voters don't pay attention to the scams as long as they get token "benefits"
 
metalman said:
The ones not concerned with money are concerned about doing good works for their eternal salvation.
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You have a mercenary mindset else you would see that this is a false dichotomy. Some people do good works simply for the satisfaction of doing good.
 
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