Tuesday, October 1, 2013

ObamaCare Will Force Millions More Into Medicaid, And DENY Them The Right To Buy Private Insurance

It will deny them because ObamaCare-compliant plans will simply be too expensive for them to afford, and those will be the only ones available. 

John Goodman tried to warn us over two years ago, here:

"While defenders of the new law have chattered endlessly about people who are uninsured because of pre-existing conditions (turns out there are only 12,500 of them) almost no one seems to have noticed that 16 million people are not only going to be forced into Medicaid, they are effectively going to be denied the right to buy any private insurance — whether or not they have a pre-existing condition."

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But today it is coming true.

For example, in one county in Michigan an older, married, full-time worker with one child still in the home must make at least $19,530/year to get a tax credit to make the bargain basement Bronze plan monthly health insurance "affordable" for his family, but go below that threshold and he loses the subsidy entirely and ends up in Medicaid whether he likes it or not. That means he must make almost $9.39/hour, almost $2/hour above the Michigan minimum wage of $7.40/hour, or he's out of luck.

A single parent in the same situation must make no less than $15,510 to stay out of Medicaid and get the subsidy.

There were almost 61 million Americans making less than $20,000/year in 2011, and nearly 50 million making less than $15,000, meaning many of them will be forced into Medicaid under ObamaCare if they are not among the 70.4 million already in Medicaid in 2011, already 46.5% of all wage earners in the country that year.

Two kinds of insurance, ObamaCare and its crappier forerunner Medicaid, and one unhappy nation.