The Coming Obamacare Shock for 170 Million Americans

[Mr Khan]

thismeintiel said:

Kasz216 said:

Augen said:
I can only speak anecdotally, but my insurance went up 30% and my coverage became significantly worse to point it is pointless in 99% of scenarios. The main issue with healthcare here is it is so expensive so many people I know self medicate. Had seven stitches a few years back and it was $3000, $1700 after my old insurance paid $1300. How does that make any sense? Of course under new plan I would pay all of it so if I get cut I just get a scar now. It is easily the big thing we do far worse than so many other comparable countries.

I had a similar expierence.

My healthcare premium went up over 300% with no added benefits.

That said, i ended up on medicaid.  Not actually happy about it.

I'd rather pay for healthcare... but i'm not paying > 1 paycheck for it... and subsidies have a price floor... for whatever reason.

 

They may as well just go full out health coverage.   Rather then making it so tons of people have to pay more, just so a very small few can get cheaper health insurance that's probably still below the level they need.

 

 

 

 

Well, that seems to be the problem with a lot of the policies of this administration (other administrations, as well.)  They say they are doing this or that for the poorest of citizens, but in the end it barely helps them, and instead hurts the middle class.  Same goes for the large hike in minimum wage to ~$10 they want, as well.  Sure, the minimum wage going up seems great for those just starting, or those poor people who make only a little above minimum wage.  But, what happens is the cost of doing business goes up, so businesses have to raise prices on everything.  Eventually, the poor people realize they are barely able to afford more than what they previously did.  So, again, it hurts the middle class who are 100% not getting the same ~$3 raise the minimum wage folks got, so they can actually afford less.

Businesses won't have to raise prices on everything. Compare McDonald's prices from the US to, say, Australia, where cost-of-living is about the same but minimum wage is higher. Actual prices don't go up that much.

The price rises will be minimal compared to the real money in people's pockets, especially poor people who actually spend their money rather than just shunt it into some hedge fund like the rich. The net effect would be quite beneficial, but for the bitching of businesses who only see the short-term shock to their bottom lien.