Affordable Care Act Scene 2 - Insurance Premiums

<p>^^ And might be finding it very difficult to get through and make that first payment.</p>

<p>How do you explain the 90% payment rate for the previously insured? Is it any easier for these people to make their first payment?</p>

<p>No, but the uninsured are much more heavily represented in the later signups whose bills aren’t due yet.</p>

<p>CF, I know about the survey. </p>

<p>Your second paragraph is true. </p>

<p>The 5 percent number is old news too. You are right. LasMa is correct. </p>

<p><a href=“Healthcare Systems & Services Insights | McKinsey & Company”>Healthcare Systems & Services Insights | McKinsey & Company;

<p>I edited this post. We have enough info to know how many unisureed signed up on Jan 3 and Feb13. </p>

<p>I am tired. I am going to look at this tomorrow.</p>

<p>Talk about irony.</p>

<p>“A national union that represents 300,000 low-wage hospitality workers charges in a new report that Obamacare will slam wages, cut hours, limit access to health insurance and worsen the very “income equality” President Obama says he is campaigning to fix.”</p>

<p><a href=“Union: Obamacare will slash wages by up to $5 an hour | Washington Examiner”>http://washingtonexaminer.com/union-obamacare-will-slash-wages-by-up-to-5-an-hour/article/2545310&lt;/a&gt;&lt;/p&gt;

<p>You know, GP, that entire article is predicated on the notion that if the employers push employees off company coverage onto the exchange that they’re NOT going to give raises with the money formerly spent on benefits. </p>

<p>Which may indeed be true, but in that case, is it Obamacare stripping the contracts, or the EMPLOYER stripping the contracts?</p>

<p>It doesn’t have to be that way. I gave our employees a straight 8k raise to compensate for our 70% portion previously paid after a 35% tax credit. For us, it was a wash, for the employee, a gain.</p>

<p>Further, as someone who regularly saw 15-20% increases in our group plan each year, the rationale of that union is downright disingenuous…GROUP insurance is not cheaper and the money comes from somewhere…healthcare has been a major reason why compensation rates have been flat and outpaced by inflation for the last decade.</p>

<p>So I call BS on that article and the report, just for the record :)</p>

<p>Texas, I’ve missed a week of this thread, but I’m both sorry and unsurprised that you’re having trouble on the non-green card holders. I know someone here had sourced the language, but that was not my understanding. It will be interesting to see how it all shakes out, so please keep us posted,</p>

<p>And DStark, I think you should start a commune on that 20,000 acres beside Muir Woods…we can build a big gate and can all pay into a pool and hire a concierge doc and build a fancy hospital to our liking and just kill off the sick who are not contributors…oh wait…never mind…it’s been done :wink: Hi ho :)</p>

<p><a href=“Legislative Bipartisan Criticism Aims at Covered California”>http://capoliticalnews.com/2014/02/13/legislative-bipartisan-criticism-aims-at-covered-ca-&lt;/a&gt;&lt;/p&gt;

<p><a href=“Covered Calif. Receives $155M Federal Grant for Outreach | California Healthline”>http://www.californiahealthline.org/articles/2014/1/24/covered-calif-receives-155m-federal-grant-for-outreach&lt;/a&gt;&lt;/p&gt;

<p><a href=“Covered California Hires Two Consultants, New Marketing Director | California Healthline”>http://www.californiahealthline.org/articles/2014/1/28/covered-california-hires-two-consultants-new-marketing-director&lt;/a&gt;&lt;/p&gt;

<p>Wow! They are spending a lot of money. </p>

<p><a href=“https://www.healthcare.gov/what-do-immigrant-families-need-to-know/”>https://www.healthcare.gov/what-do-immigrant-families-need-to-know/&lt;/a&gt;&lt;/p&gt;

<p>“•Valid non-immigrant visas”</p>

<p>It is clear people can enroll. </p>

<p>kmcmom, I think what you did was wonderful, and is what should happen when employers push employees off company coverage. My h’s company pushed employees off, but there was absolutely no compensation provided for the loss of that benefit. My feeling is that most employers will not be as generous as you. </p>

<p>Flossy, that is a lot of money. Probably works out to $400 to $500 for each uninsured person to become insured in Cal. </p>

<p>That money gets spent in the community. Income is generated. Taxes are generated. This lessens the costs below the $400 to $500 person. </p>

<p>Eventually approximately 2.5- 3.5 million should people receive coverage. We are talking about a program that is over $15 billion a year. </p>

<p>I know some people would rather not spend $1.1 billion for this. I wish the upfront costs were cheaper.</p>

<p>

</p>

<p>Counting Medi-Cal/CHIP too? Counting each person who has cheaper subsidized insurance on the exchange too?</p>

<p>20,000 acres in Marin? :)</p>

<p>I was walking down the streets of San Anselmo many years ago. Many years ago. A kid stopped me. He asked me, “Are you George Lucas?” I did have a beard in those days. :)</p>

<p>No. I dont look like George Lucas. </p>

<p>“How Disney Bought Lucasfilm—and Its Plans for 'Star Wars …
<a href=“Bloomberg - Are you a robot?”>www.businessweek.com/…/how-disney-b</a>…
Mar 7, 2013 - At 68, George Lucas was thinking about leaving his galaxy … They met at Skywalker Ranch, Lucas’s 6,100-acre property in Marin County, Calif. …”</p>

<p>CF, there are approximately 5.6 million people eligible for medicaid or private insurance in Cal according to Charles Gaba . I think his numbers are good. </p>

<p>I am just taking an estimate of 5.6 million and using a percentage of that. (3 million people times $5,000 a head). </p>

<p>Spending $1.1 billion or so over several years to get a program the size of Covered California off the ground doesnt seem to outrageous. Of course, I would like it to be cheaper.</p>

<p>Corporations have development and upfront costs too. Look at all the start ups in SF. Some of these companies have enough on hand for a year or two of burn rate.</p>

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</p>

<p>hahahahaha</p>

<p>You should have signed an autograph for the kid. He would have been the talk of his grade school.</p>

<p>:). I should have. </p>

<p>“It doesn’t have to be that way. I gave our employees a straight 8k raise to compensate for our 70% portion previously paid after a 35% tax credit. For us, it was a wash, for the employee, a gain.”</p>

<p>You are awesome, kmcmom. I’m sure they truly appreciate it, and realize how lucky they are. I doubt that many other employers will be so generous, unfortunately.</p>

<p>Hey, I have George Lucas’s autograph. Actually, it’s his signature on a thank-you note. It is illegible.</p>

<p>Flossy, that’s cool.</p>

<p><a href=“Bloomberg - Are you a robot?”>http://www.bloomberg.com/news/2014-03-11/obamacare-deadline-looms-as-sign-ups-hit-4-2-million.html&lt;/a&gt;&lt;/p&gt;

<p>I think 6 million looks very attainable. Calif laid an egg. Crummy month last month with the exchange down for several days. </p>

<p>Something tells me dstark 's signature is illegible too. :wink: </p>

<p>Ya know, banks used to say illegible is the easiest to forge. </p>