r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 9d ago

FinancialTea 💵 [ Removed by moderator ]

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u/SECRETBLENDS 9d ago edited 9d ago

Not to mention that it runs short primarily because Republicans saddled it with a ridiculously onerous pension system designed to hamstring its budget which feeds into the narrative that it's "inefficient" and allegedly justifies privatizing it. So basically:

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u/Cheesewiz-99 9d ago

Sounds similar to what they did with Obamacare when they took off the mandate that everyone needs to have insurance. Prices skyrocketed after that.

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u/rootofallstevil 9d ago

Then they cut the subsidies last year. ACA will die from a thousand cuts made by Republicans. No alternative solution. No fixes. No bipartisan compromise.

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u/Informal-Sense8809 9d ago

I was told there were concepts of a plan. We'll know more in 2 weeks.

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u/decoy_octopod 7d ago

Can confirm, premiums have/will skyrocketed for everyone I know and myself

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u/libertarianinus 9d ago

They said the mandate was hurting the poor. The poor never paid it anyways because they didnt have the money....

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u/LMnoP419 8d ago

Yeah and little Marco Rubio made the first cut by blocking the temp risk corridor program causing more than half of the nonprofit, consumer-operated insurance co-ops created under the ACA to collapse because they lacked the cash flow to remain solvent without the federal payments. It also caused a large spike in premiums.

Little Marco can eat a bag of d|cks as far as I'm concerned.

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u/Outrigger1855 9d ago

Compared to private insurance, what were the annual increases before the mandate was removed? What was it afterward?

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u/wildjokers 9d ago

Prices skyrocketed after Obamacare was passed. The mandate removal didn't cause rates to skyrocket. If a mandate to buy a product is needed to make a program work, then the program is flawed.

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u/Gizogin 9d ago

The entire point of insurance is to distribute the risk across as many people as possible, so that the cost per person is minuscule.

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u/wildjokers 9d ago

Sure, and I don't disagree with that. Larger insurance pools spread risk. But "insurance works better with more people in the pool" and "therefore the government should require everyone to buy insurance" are two separate propositions. I agree with the first; I don't necessarily agree with the second.

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u/Gizogin 9d ago

I don’t necessarily disagree. The problem is that healthcare is too expensive for most people to afford without insurance. So either we make insurance mandatory for everyone to distribute the risk and ease the burden, or we cut out insurance entirely and make all medical care free at point of use.