Too bad Nancy Pelosi could not have taken the time to actually look inside the 2000+ pages of the Obamacare law to see what little goodies were stashed away in the Pandora’s box Congress created. On the outside of the box was a gift-wrapped promise: Lower healthcare costs for everyone. As reality sets in, however, [...]
According to Forbes, more than 11 million Americans are now covered by an HSA plan. That’s up 14% in one year and a mind-boggling 87% increase since 2008. Find the Forbes article here. Health savings accounts were introduced as part of the Medicare Reform Act in 2004. A health savings account combines a high deductible [...]
In what can only be described as an incredulous turn of events, the Obama administration has gone from arguing “it’s a tax” to “make less money” in its effort to stave off legal challenges to the healthcare reform law. Originally, the administration had tried to argue that the penalty for not purchasing individual coverage was [...]
On April 15, President Obama signed legislation that rescinds the burdensome 1099 requirement that was inserted into the healthcare reform legislation to help fund Obamacare. The idea was simple enough. Increase reporting of independent contractor work that is reported via 1099′s. The Democrats figured this would get them a few extra $Billions in tax revenue. [...]
You know what they say about an arranged marriage? Don’t worry – you’ll learn to like it.
Interestingly enough, that is now Obama/Pelosi’s message: Don’t worry America, you’ll learn to like it.
What kind of fools do they take us for?
The whole arranged marriage scenario presupposes that we didn’t know what we were getting in advance. But we did. The American people are surprisingly informed about this humongous piece of historical legislation that will impact virtually everyone’s lives.
Here’s what I have been able to ascertain so far.
Poor people – love it.
Well to do folks – hate it.
Everyone else – not so sure. If they have been denied coverage in the past, they generally like it – until they see the premiums. One of these days, a subsidy will kick in – but it will not cover as much as an employer would subsidize. In general, I think this category of people never will be happy with the cost/benefit analysis. And of course, if they are “well to do” by Gov’t standards ($88k/year) they won’t get any subsidy at all – only higher taxes and higher premiums.
At this point, my recommendation to people is simple and straightforward – get a health savings account plan in place ASAP. HSA plans were saved! They are part of the bill – they will live forever. There is no question – they always will be the lowest priced option available to anyone over age 30. The only question remaining is this – why wait? Premiums will only get higher – trust me.
I invite you to use our quote engine to get quotes for high deductible plans that are compatible with HSA savings accounts. Don’t hesitate to ask if you have any questions.
Finally. From a trusted source, here’s an in-depth look at why health insurance costs are about to soar under the very same legislation the President has promised will lower costs.
Healthcare just keeps going up
In this excellent article, Forbes discusses in detail why Obamacare will force premiums higher – not lower as promised.
Of course, some people will pay less, at least for awhile. That’s because their premiums will be subsidized. The source of those subsidy funds is at the heart of the debate in Washington over who is going to pay. Subsidies of course, are not funded by thin air – someone named Peter has to be robbed (taxed) to pay Paul (in the form of subsidies).
The people hit the hardest will be people who pay their own premiums and who are above 4x the poverty level, currently $88,000 for a family of four. Those people will be required to purchase coverage but will receive no subsidies. Their premiums likely will be 40% higher on average in 4 years than they are today – that’s when the meat of Obamacare would kick in, and it just gets worse from there.
All of this just has to make one wonder: What in the world is Pelosi and her pals smoking behind those closed doors?
Of course, there’s a bright side. Health savings account plans are looking more and more attractive, especially to people who pay their own premiums.
If you have not yet set up an HSA plan, consider getting in touch with my or one of my staff at your earliest possible convenience to get some quotes and start the ball rolling. We’ve been doing this over 30 years and we’ll be glad to help you avert the coming disaster from Obamacare.
Obamacare – set to take us right down the toilet?
I love it when someone else says exactly what you’re thinking. That way, you can just quote that person and nobody is really mad at you.
In an article published on Fox News the day of the health care “reform” vote, Cal Thomas posits the implausible: That Obamacare will spell disaster for the country.
Highlights made by Mr. Thomas include the following:
It all kind of makes you wonder, doesn’t it? Just how many of those Democrats actually read the legislation before voting on it? Or were they just taking the Speaker at her word?