Hey Spinnerman, this quote is for you:
The federal law also adjusts how rates are set by age, a change that gives older consumers a break and shifts more costs to younger people.
Told ya. It is a straight up transfer of wealth.....what a fustercluck this is!
"It has the effect of benefiting people in their 50s and 60s and shifting costs to people in their 20s and 30s," said Patrick Johnston, president of the California Assn. of Health Plans.
I knew this. Depending on income, there can also be huge penalties for making more money as they take away the subsidies as you make more money. For an individual person, you have to know their age, income, and other things to know the net effect on the rate they pay relative to the fair market rate or at least pre-Obamacare rate given that there has not been anything but a massively manipulated market for health insurance for generations. We will never have a rational health insurance market until people can tell the difference between health insurance and health care. They can tell the difference between car care and care insurance. Same with house care and house insurance. They would never pay the exorbitant cost of paying a third party for care instead of your insurance, except when it comes to health care and that is because they have no flipping clue what they are really paying, but only what they pay directly and are ignorant of the indirect part. It's the same ignorance of taxes that allow the population not to get the pitchforks out despite paying around 40% of everything they earn to the government in some form. It's all so complicated that you can't even ferret out what an individual really pays or the benefits they received. So that allows people to say, hey I know this couple that got a good deal and I don't know any of those millions that the news is reporting on, so it must be good because I so desperately need it to be good for my self-esteem.
wanapasaki wrote:Seems like the middle class working americans generally get the crap end of the deal.
They will always bear the burden of government. The rich are rich and there are not enough of them and they have the flexibility to adjust their life that comes with being rich. It's one of the long list of reasons that being rich is an advantage. The poor simply don't have anything so they can't bear the financial burden. Granted they bear the burden of crime, failed education, and other things, and do bear a heavy burden in terms of quality of life, but financially, it all goes to the people in the middle. Collectively they have the bulk of the money and there is nothing they can do to avoid taking the hit, nothing except slide into statistical poverty and live off other middle class Americans that haven't yet responded to the financial incentives or may be on the upper end of middle class and might be able to get rich enough to run and hide, but that's getting harder and harder as more people slide into statistical poverty and live off the taxes of their fellow Americans as opposed to the fruits of their labor.
Stupid people can cause problems, but it usually takes brilliant people to create a real catastrophe. Thomas Sowell