Friday, December 5, 2014

Obamacare forces people to live in pain, without medical care


If a person is working as a freelancer (working for him/herself), or if that person's company does not provide him/her with health insurance, that person will be required to buy a type of health insurance called Obamacare.  This means the person might have to pay $300 or $400 a month to be covered by this insurance.

So here's the problem: this does not mean that this person can go to a doctor and receive free or low cost medical help.  Obamacare insurance has a 'deductible.' If your deductible is $5,000, that means that you have to pay the first $5,000 of your medical bill. After $5,000 the insurance company pays about 60% of the rest.

So if you are a young person - maybe 25 - 40 - the chances are that you will not need to go to a hospital and receive a huge medical bill.  Yet, you have to pay $400 a month into an insurance plan that gives you nothing in return.  If you get sick, you have to pay the doctor yourself. BUT!!!! if you are paying $400 a month for insurance that you don't even need, you no longer have the money to pay the doctor!

So in this article in the Wall Street Journal it is reported that people are not even going to the doctor any more.  They are just living with their pain and illnesses in America. Money spent on healthcare is lower than it has ever been in America.

Therefore, Obama's health care plan has, basically, hurt many more people than it might have helped. Whom did Obamacare help?  Insurance companies, hospitals and doctors.  Whom did it hurt? Anyone who is young and healthy.

Here's the article:

http://online.wsj.com/articles/more-cost-of-health-care-shifts-to-consumers-1417640559

Vocabulary to help you understand the article:

a shift - a movement; so the cost of healthcare is shifting or moving to people who can't afford it

deductible - as I explained above, if your deductible is $5000, you pay your medical bills up to $5,000 and then the insurance company pays the rest

to prompt - to cause; the high deductibles are causing people not to seek medical help, to delay going to the doctor (to wait as long as they can)

dig into their own pockets - come up with their own money

to curb the growth - to lessen the growth

The Affordable Care Act - Obamacare

hefty - high

out-of-pocket costs - costs paid by people themselves

to prompt - to cause

steeper - more expensive

to defer - to put off, to delay

an upside - a benefit. Actually, I don't see how it can be a benefit if people are living in pain and suffering because they are not afford to go to the doctor in the richest country in the world.

eases the federal deficit - the deficit is the amount of money the US government owes. So, basically, if I can't afford to go to a doctor insurance companies and the government don't have to spend money either.  I am guessing this is how money is being saved - I am not sure, the article does not do a good job of explaining this point.

more skin in the game - more responsibility

an impact - an effect

premiums - the amount you have to pay each month. How is $400 per month a low premium?

to be leery of something - to be worried about doing something, to be cautious

a sliver of the costs - just a little bit; Medicare is for older people

sluggish - slow

to infer something - to draw a conclusion, to believe something based on some evidence




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