AFFORDABLE [uh-fawr-duh-buhl] adj.

According to dictionary.com, affordable means, “believed to be within one’s financial means.” Obviously the politicians in Washington took this definition literally when they passed the Affordable Care Act.

According to an article in Forbes this past week, individual health insurance premiums will increase by an average of 41% across the country. Offering subsidies to a small subset of Americans to help offset substantially higher rates for everyone else doesn’t make sense.  However by this definition, all they needed to do was to make health insurance within one’s financial means.  And as of yesterday we know at least 5 have enrolled so far.

The Manhattan Institute put together an excellent interactive map that shows pre and post ObamaCare rates for each state:

Manhattan Institute - Know Your Rates

Manhattan Institute – Know Your Rates

There are winners and losers in ObamaCare.

Winners: unhealthy people that were forced into expensive state pool guaranteed issue health plans that can now get any plan they choose without proof of insurability
Winners: low wage earners that qualify for expanded Medicaid or a substantial premium subsidy (and actually make it through healthcare.gov)

Losers: everyone else

I guess it all depends on what your definition of the word “Affordable” is…

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1 Comment

  1. You might want to add this to your list of losers. The winners who qualify under expanded Medicaid OVER AGE 55 who stand to lose all or part of their assets under the Medicaid policy known as estate recovery. That’s what you call a really big loser.

    A Medicaid qualifier cannot get tax credits or subsidies to help buy insurance. Period. Regardless of age. If they are over 55…It is hand over your estate or…hand over your estate. Did anyone think to see if Mom or Dad just got signed up for Medicaid? Who stands to inherit the house now?


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