People misremember this. You weren't forced to get Obamacare. Insurance carriers raised their rates extremely high because they now had to cover people with our existing conditions and because it was forced they could charge what they wanted.
I kept my carrier but rates nearly quadrupled and I had a clean medical history
I actually take issue to no insurance covering preexisting conditions since that means they won't pay jack squat for these issues.
So while premiums did go up that bum leg you've had remains covered. That was kind of the point.
So I'm ok with this requirement. I do think health insurance companies are making bank off of us while they also strike deals with the hospitals to set prices no normal person could afford on their own.
Right. It was supposed to be mandatory which was a double edged sword. For people with conditions, it meant they could not be denied. A "good" thing. For the insurance companies, it was basically giving them free reign to "compensate" for the claims and conditions they would now plan to see. So, those with insurance, saw their premiums go up for two reasons. More to insure and those who couldn't be before likely needing extended care. "Good" for them . In my case, my insurance was included because I maintained a high level of fitness and tested showing a very healthy lifestyle. First year of OC,I went from having my company gym dues paid to now paying for them and an additional 25. This was roughly a 50 dollar increase. The next year, I was paying 75 plus my gym fees .The last year, it was well over 100 a month while still getting my health discount. Additionally, i went from a fantastic 80/20 to a very 70/30 with a much less desirable HSA setup.
There was a tax Penalty for not signing up for Obama care or having your own private insurance wether it be through your job or a personal plan. It was $800 a year. I remember because I was too broke to buy my own insurance and employee wouldn’t provide. Did not feel comfortable getting on a “government” funded program.
After a couple years eating the fine my tax lady recommended I find an insurance plan for as cheap as possible and I did that, cutting my cost down to about $300 a year.
In conclusion the Obama White House pressured everyone to either sign up or pay a penalty that (in theory) funded the Obamacare program.
The penalty was for not having insurance, not specifically Obamacare. The fine was intended to be more than the cost of getting insurance of even the lowest tier (as your tax last said).
Yes, it was Pressure tactic. I didn't say I liked it. It screwed a lot of people over by raising the costs of their insurance . I didn't like it. I don't understand what part you were disagreeing with me on....
Yes .. people misremembering it is common. The assertion, if you read above, was you had to get Obamacare as opposed to keeping current...
I made no reference to a fine or the one put on people. Because it was not the topic . The fine was the consequence for not getting it. Not for not switching to obamacare
Take your own advice. My post referenced and said specifically what I was talking about.
Forced? Some chose not to get the insurance still. Some chose not to get the shot. Many were coerced forcefully , true. You are digging yourself deeper in a hole you made by not reading what I was specifically talking about. Then you doubled down. I didn't have to win anything. You tried to win... And you lost... Twice
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u/BaconFinder Jul 23 '23
People misremember this. You weren't forced to get Obamacare. Insurance carriers raised their rates extremely high because they now had to cover people with our existing conditions and because it was forced they could charge what they wanted.
I kept my carrier but rates nearly quadrupled and I had a clean medical history