In the USA, we are all subject to the effects of the Affordable Health Care Act, and those politicians are some very good actors. If you have a high school economics book, then you can follow along with my brief explanation of this scam. It was sold to the general public as a means to ensure affordable healthcare insurance to all Americans. If you do not carry qualifying health insurance throughout the fiscal year, then you are subject to fees when you file your taxes. There is a maximum fee, although it is prorated if you carried qualifying insurance throughout parts of the year. For simplicity let's assume that if you did not carry any health insurance throughout the entire year, then you would be charged $100 when you file taxes. When you read the term "Sunk Cost" and the context of surrounding chapters in your economics book, you may understand that the penalty of $100 has become a "Sunk Cost" in the market diagram you can draw of healthcare insurance. You first draw a vertical line segment for Price and a perpendicular horizontal line segment for Quantity. Then you draw the slopes for both Supply and Demand. Where those slopes intersect gives you the equilibrium Price and Quantity in the market. When you impose a Sunk Cost into this diagram, you simply raise the slopes drawn for Supply and Demand vertically by the value of the Sunk Cost. It is apparent that the equilibrium intersection also goes straight up by the value of the Sunk Cost. What this means is that when a Sunk Cost is introduced into the market, the Quantity sold will remain the same and the Price at which that quantity is sold will increase equal to the value of the Sunk Cost. Introducing a penalty for not having insurance, in a completely free market, will have no affect on the Quantity sold in the market but will increase the market Price by the value of the penalty. Unfortunately, there are so many rules and regulations imposed on the market for insurance that it is not a free market, so this effect in the market is hardly what we see, but it still essentially allows for more money to go toward Health Insurance companies without increase in the related quantity or quality. In fact, it directly benefits those companies which you may find in the Obamacare marketplace and hurts all other health insurance providers. Having affordable health insurance but not having enough money left over to regularly see a doctor is like having no insurance for your health at all, but we have Jesus Christ. Amen
Affordable Health Insurance Scam
- Thread starter SCHISM
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True, it's a way to bust the last support of the GDP. It was the last sector still profitable in the American economy and now has been ruined thanks to idiot lawyers and politicians who like to ruin healthcare and those who have careers in them.
No wonder Jesus said woe unto you lawyers...b/c everywhere an evil law is there is a lawyer behind it who protect his own butt but targets other industries....every noticed that? Lawyers will always throw the books at others but never themselves or their industry.
The Hcare industry has been broken via this law and will sadly never recover.
nice post brother Schism, good info but please break the long block of text into blocks it makes it easier to read
again not hating on you just a helpful suggestion!
No wonder Jesus said woe unto you lawyers...b/c everywhere an evil law is there is a lawyer behind it who protect his own butt but targets other industries....every noticed that? Lawyers will always throw the books at others but never themselves or their industry.
The Hcare industry has been broken via this law and will sadly never recover.
nice post brother Schism, good info but please break the long block of text into blocks it makes it easier to read
again not hating on you just a helpful suggestion! 
i didn't have insurance the 1st year this went into effect. i paid the penalty.
2nd year, i got insurance since the penalty increases each year. i didn't use the insurance at all (thank God He kept me healthy.)
i have insurance this year. i went with a lower premium, which means benefits aren't all that great. thankfully, i haven't used it.
i did notice a drastic change in insurance policies since the act started.
2nd year, i got insurance since the penalty increases each year. i didn't use the insurance at all (thank God He kept me healthy.)
i have insurance this year. i went with a lower premium, which means benefits aren't all that great. thankfully, i haven't used it.
i did notice a drastic change in insurance policies since the act started.
My premium doubled last year, but I'm not upset because it was only $44 a month to begin with and that included full coverage for both me and my wife with a $500 deductible.
Also, my insurance has nothing to do with Obamacare, which was set up to help insure some of the 40 million people without insurance, not everyone, even though many have been dumped from their insurance as a result. I shouldn't bring any of that up because it will only encourage the op into more chapters and verses from his econ class. Next thing you know we'll be tested and graded.
Also, my insurance has nothing to do with Obamacare, which was set up to help insure some of the 40 million people without insurance, not everyone, even though many have been dumped from their insurance as a result. I shouldn't bring any of that up because it will only encourage the op into more chapters and verses from his econ class. Next thing you know we'll be tested and graded.
Yes, it doesn't cost him anything. It cost a lot of others a lot. Raiding Medicare to expand Medicaid is a ponzi-scheme. I was listening to George Will explain the numbers yesterday. The majority of the federal budge is spent on entitlement programs. I believe it is more than 70%. The military adds another 17%. Paying the interest on the national debt now cost an additional 7%. That leaves almost nothing left for discretionary spending. In ten years, servicing the debt will cost more and entitlement growth (like expanding Medicaid in Minnesota and other states) will result in a federal budget where those three categories cost more than all revenues and there is nothing left for Hillary to give away to starving college kids.
Maybe if Trump gets elected, he could declare a government bankruptcy. Isn't that the American way?
Maybe if Trump gets elected, he could declare a government bankruptcy. Isn't that the American way?
Before the law, my wife and kids insurance was $58 each. It was a high deductible policy, 5k before it kicked in. I was satisfied. After the law went into effect I was told my insurance was not allowed by law and the cheapest I could get was about $350 a person with a 6k deductible. Oh but now i get 2 office vists a year we don't need and birth control we don't need. Wow. A self pay office visit around here is only $75 to 80. I don't qualify under the law for subsidies because work offers insurance even though they don't pay a dime towards it. So it gets really expensive to buy it through work. They pay for mine but not the kids and wife. What this law is is pandering by politicians to get votes from people like peacenik so what I pay gives him free insurance. So mr frogman, I'll send you my address and you can s3nd me out a bottle of booze and a thank you card. Women crying that they need the pill paid for. I was at the pharmacy one day and asked how much it cost for the pill full price. $21 thats it. If you can't afford that you need to sew your vagina shut. This law is awful. Anyone who thinks its good is an idiot. It has ruined my family economically. I rather health care be cash and carry. You shouldn't be using insurance to pay for everything. You don't use insurance because the neighbor kid knocked a baseball through the window. You use it when the house catches on fire.
[h=1]Ephesians 4:29New Living Translation (NLT)[/h][FONT="] Don’t use foul or abusive language. Let everything you say be good and helpful, so that your words will be an encouragement to those who hear them.
Like it or not, it's the law and has brought about good for the majority of those who now have medical coverage. Please try to be a Christian about it.[/FONT]
Like it or not, it's the law and has brought about good for the majority of those who now have medical coverage. Please try to be a Christian about it.[/FONT]