House Republicans release ObamaCare replacement bill

[Heltoray]

Doesn't the new plan make it so Health Insurance isn't mandatory?

Theoretically someone who is healthy could stay off health insurance, and then, if something happens, pay the 30% penalty if needed?

that's how it always works... NOT

[NYC17]

Yeah... couldn't watch much of that. Too cringeworthy. The graphs he used where so misleading....

I only caught the tail-end of it. Enough to see him peddle "free market" principles as some sort of panacea. The best part is he even mentioned how consumers don't have representation, but then somehow talked about how HSA's would remedy that...<blink blink>.

"Act of mercy" baby!

[Kujako]

Well that will blow up the plan real fast.

But by then odds are the Dem's will be in control, so it'll be their fault!

The worst part of the plan in my opinion is that the tax credits increase at a MUCH lower rate than the costs, which under the new plan would be based on age rather than health. So the older you get, the more expensive your coverage is, and the less (relative to the cost) the credit. AARP is calling it the "age tax".

[Belize]

They've been bitching for 6 fucking years, and the best replacement they have is essentially Obamacare, but worse?

El Oh El.

[Breccia]

The worst part of the plan in my opinion is that the tax credits increase at a MUCH lower rate than the costs, which under the new plan would be based on age rather than health. So the older you get, the more expensive your coverage is, and the less (relative to the cost) the credit. AARP is calling it the "age tax".

I was under the impression that, under the current ACA law, the prices you could charge to young/old people were managed so that old could be no more than triple young. The tax credits don't even keep pace with THAT scaling, and that scaling is going to be removed.

[Green Mountain Boys]

Obamacare- Must be covered by insurance or will receive penalty, ~25% of annual insurance cost, meaning if you're healthy, better off paying the penalty, raising the premium rates. Companies of 50 or larger must insure all full-time employees, meaning either have all part-time staff or have 49 or less employees. Provides tax credit based on income. Allows up to 3,400 credit in HSA not to be taxed, or 6,400 for family (this is not given to you, you can put this into the account and it won't be taxed until that amount). Covers preexisting conditions. Children up to age 26 are insured on parents plan.

TrumpCare- No longer required to be insured, but if you go uninsured and then go with a private plan, have to pay THE INSURANCE COMPANY a 30% penalty on the annual cost of the insurance. No subsidies to pay deductibles or co-payments starting 2020. Credit will be allocated by age, not income (good for elderly, bad for the young). Will cap enrollee on medicaid by 2020 by state (better get on it now!). has an HSA for tax-free up to 6,400 as individual or 13,100 for household (not bad). Children up to 26 are insured by parents, covers all preexisting conditions.

RandCare- Given 5,000$ credit annually, even if you don't spend the 5,000, still taxed as if you did. All insurance paid through HSA but is never taxed no matter how much you put in. HSA can be used on relatives or spouse. Money in the HSA stays in year over year. Let us be reminded that the average surgery costs 45k, not including therapy or medications associated with surgery. Will cover preexisting conditions for the first 2 years you enter the plan, but after that it will not cover those conditions unless you stay with the plan. If you leave then come back, they are not covered (wat).This doesn't solve the problem.

All the health care plans are awful.

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They've been bitching for 6 fucking years, and the best replacement they have is essentially Obamacare, but worse?

El Oh El.

Like a dog chasing its tail, spent 7 years and finally grabbed it, not knowing what to do with it. Then they just let go of the tail and said they did it and because they did it is is better.
Oh my god... Why are they running this country. Spent more time repealing than building something to repeal it with.

[zenkai]

They've been bitching for 6 fucking years, and the best replacement they have is essentially Obamacare, but worse?

El Oh El.

Because they're idiots. This Republican bill is Obamacare light, Trump better not sign this POS if it passes.

[Allerius]

Absolute rubbish. This comment basically demonstrates a complete lack of how Health Insurance Companies actually work on a profitability scale, and why things like the "death spiral" effect exist in the healthcare industry.

You saving what you pay the insurance company in the hope that you could use it to pay for your own medical bills in the event of a major medical situation is a guaranteed recipe for a quick trip to permanent poverty, bankruptcy, or death.

The only reason the insurance company is profitable is because they operate on the idea that the vast majority of the people paying into the system never have to use it. if you have 50 thousand people paying 2500 a year for insurance, but only 1 thousand of them or so are only needing to use that insurance money at any given time, you effectively have a 50 to 1 ratio of effective power on your money. Insurance companies operate off of the power of their collective base.

So then, lets say Bob needs a major surgery. His bill comes out to 50k. This bill can easily be covered by one years worth insurance payments from 20 healthy people in the pool.

Even if all 1000 people currently pulling from the plan required a major 50k surgery, that would still be covered entirely by only 20,000 people. Meaning the other 30K people paying into the pool are effectively profit for the insurance company.

Try covering that 50k surgery on your own using the money you "saved" by not paying the Insurance company. Hope you have been saving for the last 20 years. Do you see how stupid that idea is? What are you going to do if 2 years later, something happens and you need another major surgery. Take out 18 years worth of loan? Enjoy poverty and a crippling debt that your grandchildren will probably be paying off.

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Was that a rhetorical question, or are you just being stupid?

Insurance companies make money by having more people paying into the insurance pool then they have people drawing from it. This is why the "insurance death spiral" is a thing. If the ratio of healthy people (who pay for insurance but are not currently drawing from it) to sick people (who pay for the insurance AND are drawing from it) in an insurance plan falls too low, the company ends up paying more money out in insurance claims then it brings in, resulting in a slow spiral to bankruptcy for the insurance company.

Of course, they also make money by doing fun things like taking your money for years and then finding stupid little contractual loopholes through which to deny you coverage, but the VAST majority of their profit margins come from simply having way more healthy people in the plan then sick ones.

vast majority of the people paying into the system never have to use it

Try covering that 50k surgery on your own using the money

You know telling someone most people are unlikely to need major healthcare and that this individual will definitely need 50k surgery is kind of contradictory. But hey, keep on being condescending while not knowing shit about how to calculate probability weighed costs

[Belize]

Because they're idiots. This Republican bill is Obamacare light, Trump better not sign this POS if it passes.

Oh, you know he will.

We can only hope the Conservative Reps side with the Dems on the basis that it's too much of a compromise.

[NYC17]

Because they're idiots. This Republican bill is Obamacare light, Trump better not sign this POS if it passes.

...

Trump is planning campaign-style events in support of this plan.

[Gestopft]

Ryan is on TV right now pretending like our healthcare system has any semblance of a free market system. The leap people who support this shit have to make that the "market" will all of a sudden benefit consumers "because competition" is an amazing practice in obliviousness.

It should be painfully obvious to anyone with a cursory understanding of economics that market forces have a far more limited effect in healthcare, but unfortunately it isn't to the party in charge.

[God Save The King]

You clearly don't remember the ACA protests. My favorite was a guy who was protesting against it, who fall and broke his arm and asked for people to donate to cover his health care costs.

I was unfortunately too young to really give a damn. I was 16 when it was passed.

[Breccia]

Trump better not sign this POS if it passes.

Despite what you hear in the press, healthcare is coming along great. We are talking to many groups and it will end in a beautiful picture!

I'd like to remind everyone that "what you hear in the press" is multiple major doctor and health organizations, most notably but nowhere near solely the AMA, saying "this plan doesn't work". And the groups Trump is talking to appears to be basically Ted Cruz.

[Zan15]

Despite what you hear in the press, healthcare is coming along great. We are talking to many groups and it will end in a beautiful picture!

I'd like to remind everyone that "what you hear in the press" is multiple major doctor and health organizations, most notably but nowhere near solely the AMA, saying "this plan doesn't work". And the groups Trump is talking to appears to be basically Ted Cruz.

lol i guess these group are afraid to release public statements huh?
cant blame them, i would sell the stock of any company who supports this for sure

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where the hell is Trumps plan?

so we got Ryans plan

where the hell is trumps plan?

you know your dude, you voted for said he had the best plan, the greatest plan......

instead he piggy backed on Ryan's plan to make you forget he never came up with a plan!

[Mafic]

The bottom line is that extending medicare coverage to everyone and increasing the taxes from medicare is what is going to end up happening.

The system will collapse from a socialist way because there are more old people in the US then young people working. The system will collapse from a capitalistic point of view because young people are not entering the insurance pool and the penalty makes it obvious it is better to sit it out.

[Kujako]

The bottom line is that extending medicare coverage to everyone and increasing the taxes from medicare is what is going to end up happening.

That was Obamacare, the Republican states refused to do it.

[Mafic]

That was Obamacare, the Republican states refused to do it.

No, Obama took single payer off the table.

Biggest mistake of his career.

US healthcare system will crash and burn and we will reluctantly accept that medicare for all will be what will happen.

[Breccia]

lol i guess these group are afraid to release public statements huh?

Trump has almost certainly met with a few key holdout GOP members in an attempt to get them to ignore their principles and help Trump take credit for a campaign promise he outsourced to Ryan.

Trump, and his temperment and his "Day One Contract with the American Voter" promises, has three options here.
A) Draft the damn thing himself.
B) Admit the Ryan plan isn't going to work, and ask them to do it better
C) Push forward with the first thing the GOP threw together and insist that it's amazing.

Trump is going with C because he has no experience or knowledge of the matter at hand and is too busy golfing and tweeting. He also doesn't have the temperment or patience to wait for something that actually looks good. So he's going to Nashville (yes, really) to promote this as the best thing EVAH, most likely to a low-to-moderate sized crowd filled with people the replacement is intended to screw over.

[God Save The King]

You do know your employer could have set the deductible at 0 if they wanted to. they could have set it at 10,000.
They can make you pay 1 dollar, 10 dollars, 100 dollars, whatever they decide if you don't already have a contract in place or are part of a union.

Obamacare was a brilliant cover for employers to shift healthcare costs from themselves to their employees.

[Zan15]

Health policy experts at the Brookings Institution said Thursday that they expect the independent Congressional Budget Office's analysis of House Republicans' health care bill to project a loss of health care coverage for at least 15 million people over ten years. "Estimates could be higher, but it's unlikely they will be significantly lower,"


http://www.marketwatch.com/story/bro...ill-2017-03-09


15
million





everyone will be covered...amrite?

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The bottom line is that extending medicare coverage to everyone and increasing the taxes from medicare is what is going to end up happening.

The system will collapse from a socialist way because there are more old people in the US then young people working. The system will collapse from a capitalistic point of view because young people are not entering the insurance pool and the penalty makes it obvious it is better to sit it out.

after the blight that is the baby boomers die off then you will not have this same kind of problem.