Obamacare will be ended by the Supreme Court this summer. Predictions are a fools game, but I have been called one more for then once. PPACA is plainly unconstitutional and the US cannot afford it. Do you remember when Obama scolded the Supreme Court at the union address? They have not either.
The CBO projects Obamacare will cost over $1 trillion over 10 years. There are many other reasons why I hate Obamacare. Like Medicare and Medicaid, two programs already classified by the US government as high risk for fraud, waste, Obamacare is unsustainable.
Don Berwick, the departing head of Medicaid and Medicare has already stated that 20 to 30% of government healthcare dollars are wasted. Are these compelling reasons to expand Medicaid? Or are they reasons to privatize Medicaid? Some states have done so, saving millions of taxpayer dollars.
What's interesting is that Obamacare proponents always to the silver lining of the act, like 2 million people under 26 are not covered. What they don't say is that Obamacare cost a net of 393,000 people their health insurance who are under 26.
PR one-liners do not make a law successful. Results do. And the results are in on Obamacare, it's awful. Over 1 million people lost their jobs, and health insurance premiums in one year went up almost 10%. The Affordable Care Act is anything but.
Sunday, December 18, 2011
Monday, March 7, 2011
Health care cost at retirement
The cost of health care at retirement may shock some. To give you some ballpark idea of the fees:
Blue Cross has comprehensive plans for those just under 65 at around $1000 per month which is a lot of money for a retiree on a fixed income. If you can pass a medical under writting, (have good health) you can usually cut that figure to $500 per month with a $1000 deductible. But you will have to pay that first $1000 of care.
Once you are over age 65, Medicare Part A (hospital care) is free since you paid into this fund during your working years. The monthly Medicare payments for Part B doctors visits are around a nominal $100. Medicare supplement aka Medigap is private insurance to cover what Medicare part A and B do not. They average about $1500 a year, per person. Medicare Part D drug coverage can run between $50-100 a month. So for a senior couple, the total costs of insurance are around $7000 per year with Medicare Part A being free.
With some planning, you can cut your health insurance by nearly half. Just take some risk with a $1000 deductible, just make sure you are healthy.
Blue Cross has comprehensive plans for those just under 65 at around $1000 per month which is a lot of money for a retiree on a fixed income. If you can pass a medical under writting, (have good health) you can usually cut that figure to $500 per month with a $1000 deductible. But you will have to pay that first $1000 of care.
Once you are over age 65, Medicare Part A (hospital care) is free since you paid into this fund during your working years. The monthly Medicare payments for Part B doctors visits are around a nominal $100. Medicare supplement aka Medigap is private insurance to cover what Medicare part A and B do not. They average about $1500 a year, per person. Medicare Part D drug coverage can run between $50-100 a month. So for a senior couple, the total costs of insurance are around $7000 per year with Medicare Part A being free.
With some planning, you can cut your health insurance by nearly half. Just take some risk with a $1000 deductible, just make sure you are healthy.
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