Friday, September 27, 2013

Exemptions

OK, perhaps I wasn't clear.  Members of Congress can do (and this was supported in a letter to me by my own Democratic US Senator who voted for ObamaCare) will enter the exchanges, but can opt for better coverage than offered.  That is, they can keep the same "Cadillac coverage" that they had.  The better coverage costs more of course, but instead of them paying for it, they are reimbursed with federal funds. Now, for Joe Taxpayer, will he be "reimbursed" if he opts for better coverage?

That this isn't holding "to the letter of the law" is a bit of an understatement, isn't it?  What it really is is members of Congress don't have the same ObamaCare that the rest of us have.  That they needed this to prevent any "brain drain" is a joke--there aren't many "brains" in DC.  OK, that's a bit strong, but most of those Bozos don't deserve anything like this.  Just listen to some of them--from both parties!

BTW, one of my college classmates just received his bill for his health insurance.  Unless he was lying and I have no reason to think he is, he received a $300 a month increase in premiums, a 30% rise.  When he asked his agent, he was told the insurance company was complying with the terms dictated by ObamaCare. Needless to say, he was not at all happy.  Again, I have no reason to believe he wasn't telling the truth.  I should ask him if he will be "reimbursed" with taxpayer monies.  (And I know about the tax credits, which won't cover his extra almost $4000 a year.)

It's a bad law which is likely to get worse the more we find out about it.  I don't know if this is true, but a guest on a local radio show claimed that had the federal gov't merely purchased $20,000 health insurance policies for the uninsured, that would have save a considerable amount of money over ObamaCare.  And I think this meshes with the housing crisis.  Had the federal gov't merely paid several years (up to five) of mortgages costs to people underwater, it would have been far less costly than merely giving money to the big-wigs (bankers, mortgage companies, etc.)  And, who doesn't know people who still lost their homes when those same companies who took the federal money still foreclosed?

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