Name:   MAJ USA RET - Subject:   The Law of Unintended Consequences Date:   10/5/2013 2:30:31 PM

But then… Congress didn’t know (didn’t read) the full intent of this Obamanation before they passed it.

 “Can you explain how you would provide coverage at reasonable rates for those with preexisiting (sic)? After Hillarycare in 1992, the GOP said there were better ways to insure the masses. They never came up with a plan. Insurance companies said the same, but, they never came up with a plan. The result is ObamaCare.” [GF, above]

You CANNOT provide coverage at a reasonable rate for an unreasonable risk.  The insurance companies know this.  If they could attract enough healthy people and the gouge them through their premiums… they would do it.

So along comes ObamaCare and… through the coercive might of the IRS… FORCES healthy people… and especially the middle class… to UNDERWRITE the bad risk of pre-existing coverage.  But, guess what… even with the federal arm twisting… premiums for pre-existing conditions are still too expensive.

A non-profit insurance company would fail. And for-profit insurance companies have investors (including retire folks like me who have a retirement portfolio).  I can tell you that we HAVE dumped an insurance investment for losing money. Thus, even under ObamaCare, insurance companies have to show a return on investment.

Thence, under ObamaCare, we have subsidies. From whence, comes the funding of subsidies?

Therefore, high co-pays and deductibles must be introduced into the equation. The co-pays and deductibles are ADDED to the ballooning premiums and increased taxes… or debt… or BOTH… to support subsidies.

Employers who (now must) provide medical insurance, feel the ballooning of their portion of the premiums. Response: a) shed eligible employees, b) reduce full-time and part-time employees to less than 28 hours/week, or/AND c) increase prices. Fewer employees and higher prices - is that affordable?

 “This boat don’t float!” it is already leaking.  We passed the law so that we would know what’s in it… and now we are slowly learning that the “Affordable” Care Act… ISN’T!