At Work

An Obamacare e-mail from Michelle Obama 

I received an e-mail today from MO. It said in part. 

A few weeks ago we learned that 20 million people now have that same sense of security because they’ve gained health coverage thanks to Obamacare — and 100 million Americans who already had coverage now have additional benefits.

That’s an overwhelming success for families, but there’s more work to do — say you’ll stand with OFA and keep up the fight for affordable health care:

Not sure where the 20 million number comes from, but no matter. 

The point to note is that those  additional benefits cost money which adds to your premium. 

And about affordable health care; not yet and from the average Americans perspective probably never. 

When it comes to Obamacare specifically, for the majority of Americans it has made health insurance premiums less affordable by adding benefits not universally used, by adding tremendous amounts of new administration and regulation and by providing incentives for employers to cut benefits.  

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Categories: At Work, Government, Healthcare

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1 reply »

  1. 20 Million = Exchange + Medicaid

    Cost of added benefits to almost all employer sponsored plans in effect prior to PPACA =< 5% of premium.

    Affordable is defined and measured (by Democrats) as affordable to those who gained coverage (going from no coverage, to gaining coverage), not with respect to the already privileged who had employer sponsored coverage or Medicare or Medicaid, nor with respect to those who already had individual coverage. Affordable, for many Democrats, means "budgetable" premiums … not that the coverage itself was "affordable" when used (deductibles, copayments, coinsurance, etc.). Coupled with the lack of financial preparation for those point of purchase expenses, meant that the promise of coverage was less than the reality of coverage.

    Health reform has not generally affected the cost of employer-sponsored coverage – where most non-Medicare eligible Americans continue to source their coverage. It is precisely because of that fact that America's employers have continued to offer coverage and have not mounted an all out assault on PPACA, nor have they dropped health coverage simply because the penalty is much, much less than the current cost.

    Few employers have "cut" benefits. Almost no employer has dropped their coverage. At best, a MINORITY of employers have managed the cost of coverage since 2010 to keep their spend at 2010 levels – shifting all increased costs to participants either in the form of increased contributions, or increased point of purchase cost sharing, or a combination. However, the MAJORITY of employers have sucked it up and continued their subsidy for health coverage at pre-PPACA levels, despite the PPACA mandated changes. Another MINORITY of employers had adopted coverage strategies (change to HSA-qualifying HDHPs, etc.) prior to PPACA for gradual implementation prior to today.

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