General Discussion
In reply to the discussion: ACA exchange enrollment is open! Here is a (hopefully) easy to use basic Resource Guide [View all]Demo_Chris
(6,234 posts)Think of the insurance "pool" as a pool of money. It is collected, in the form of premiums, and goes out in expenses and benefits. The purpose of the mandate is to increase the size of this pool by forcing people to send the insurance company their money. Further, this mandated influx is HEAVILY suplimented by federal taxpayer subsidies going straight to the insurance companies -- so the pool of cash is suddenly as vast as the ocean.
Obamacare was sold with the idea that this pool of cash would be used to provide healthcare for the poor. But in order to access care, a poor person needs to do more than simply pay premiums he can ill afford. He must ALSO come up with his co-pays and deductibles. And in a nation in which 75% of the population cannot afford to save ANYTHING this is a ludicrous idea. Of course they cannot afford the co-pays and premiums, this is America, these people can often barely affording food, power, and their government mandated Obamacare bill.
And the ocean of cash the insurance companies have collected? Well some goes to "expenses" like salaries, executive jets, and speaking fees for former White House staffers who drafted the thing. Then they are allowed to keep 20% as profit, and the rest goes to keep down the healthcare costs for the people this was really designed to benefit -- our nation's affluent. As usual, this is nothing more than a thinly disguised bit of corporate welfare, but in this case the disguise is bloody thin indeed, and the amount of money we are funneling to these ghouls staggers the imagination.