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Posts: 373
Reply with quote  #1 

The Affordable Care Act, aka, ObamaCare should be left alone to die of its own provisions. 

It is a perfect example of the government interfering with the insurance industry based on political theory and not based on sound actuarial applications of risk management. 

Who cares if the premiums are $1,500 per month with a $10,000 deductible? 

You will NEVER get medical insurance premiums under control until you get the systemic white collar fraud merchants under control. 

The white collar fraud merchants are doctors, hospitals, surgeons and drug companies. 

Tell me something, how much should an appendectomy cost? 

$5,000?, $3,000?, $10,000?, $20,000? $7,000? You don’t know what’s reasonable, do you? 

And YOU don’t give a damn as long as YOU are NOT paying the bill. 

This has to stop. 

Back to the appendectomy, have you ever done the simple math? Let’s pick a number that seems reasonable, $10,000. Do you understand if your insurance company premium was $250 per month it would take 40 months of premiums, that’s 3 years, 4 months for the insurance company to just break even on that one singular claim. 

Now go take the day.
Fiduciary Financial Consultant


Posts: 1
Reply with quote  #2 
The ACA requires all new health insurance plans to cover ten essential benefits, which are: ambulatory or outpatient care, emergency room care, hospital treatments, lab testing, maternity care, mental health care, pediatric services, prescription drugs, preventive care, and rehabilitative care and equipment. Grandfathered plans are different. If you had a plan that existed before March 23, 2010, then it may not cover these benefits. Your employer is required by law to tell you if your plan is grandfathered. Note that while the 10 essential benefits are covered, you will be responsible for any co-payments, co-insurance or deductibles laid out in your insurance plan.
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