Thursday, August 07, 2014
Remember that the primary objective of Obama Care was to get every American insured?
Obama Care was supposed to fine you if you didn't get insured under one of the plans. But reality intruded. From the Wall Street Journal.
Almost 90% of the nation's 30 million uninsured won't pay a penalty under the Affordable Care Act in 2016 because of a growing batch of exemptions to the health-coverage requirement.
Here's a partial list of exemptions that allow you to avoid the fines:
- domestic violence
- property damage from a fire or flood
- having a canceled insurance plan
- be an illegal immigrants
- be a Native American
- be part of religious sects
- be a low earner
There are at least 14 ways you can ignore the Obama Care mandate that you have insurance. The insurance industry supported the law, figuring that they could get millions of new customers. It looks as if they were also taken in by Obama's lies, along with the rest of America.
The exemptions are worrying insurers. The penalties were intended as a cudgel to increase the number of people signing up, thereby maximizing the pool of insured. Insurers are concerned that the exemptions could make it easier for younger, healthier people to forgo coverage, leaving the pools overly filled with old people or those with health problems. That, in turn, could cause premiums to rise...."If your pajamas don't fit well, you don't need health insurance," said Douglas Holtz-Eakin, former director of the Congressional Budget Office and president of the American Action Forum, a conservative think tank. "It basically waives the individual mandate."
The primary effect of Obama Care for most Americans has been in sharp increase in the cost of insurance, the loss of their doctor, the loss of the policies they liked chaos in America's health delivery system.