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nightrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 12:15 PM
Original message
Paying through the nose for health insurance in "uninsured pools"
http://rawstory.com/rs/2010/0630/coverage-uninsured-peo... /


<<<<snip>>>

Premiums will vary from state to state. In California, for example, the cost for a 50-year-old is estimated at $575 a month, with a $1,500 annual deductible and 15 percent co-insurance. Premiums in states with lower medical costs could be around $400 a month.

<<<snip>>

Millions fit that description, and technical experts who advise Congress and the administration have repeatedly warned that the White House underestimated the cost. The Congressional Budget Office said last week it would take probably another $5 billion to $10 billion to fully meet the demand, about 700,000 people who would potentially sign up by 2013.

Medicare economists earlier estimated the program would sign up 375,000 people this year, but run out of money around the end of 2011.

That would be an embarrassment for Obama, since the program is a centerpiece of his plan for putting the nation on a path to coverage for all.


<<<snip>>

-------------------

Looking at my state's pool information for a 50 something person, the rate is about $500+/month for the plan with a $500 deductible/year (>$6K+/year). Oh, but if you want the cheapest plan, that's only in the $200s range, but with a $10K deductible. Now, what middle income person is going to lay out that kind of money for bs coverage!!??!!


And, if you think that ALL pre-existing conditions are covered, you'd be disappointed--it is only certain pre-existing conditions.

What a fail! The only winners in this are the insurance corporations. As Thom Hartmann has been saying lately--the transnational corporations are running the world, are more powerful than many sovereign nations. Med Whitman's run for example. Unlimited funds to buy a seat.

We are in for a terrible ride for regular people unless someone steps up and reins in corporate power. We're seeing that failure to act writ large in the environmental disaster of the Gulf of Mexico.
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Catherina Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 12:22 PM
Response to Original message
1. Worse than worthless. This is a crime. Rec'd n/t
Edited on Wed Jun-30-10 12:23 PM by Catherina
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 12:27 PM
Response to Original message
2. This is going to add a tremdous financial burden on the lower wage workers
Theres no way they can afford even 25% of that per month.
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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 01:09 PM
Response to Original message
3. Just a question, but who pays for someone with a pre-existing condition now? I have
had cancer that required surgery and radiation treatment that totaled over $132,000 in a single year. So if someone with the exact same type of thing requires medical care and has no insurance today, who pays for it?
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nightrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 03:39 PM
Response to Reply #3
8. perhaps there are "indigent funds", or people go bankrupt over such
exhorbitant bills, or they don't get treated. You see those long lines for "care" at those free clinics held periodically around the country at county fairgrounds? Mostly those without insurance defer care, i.e., they don't get care/services, perhaps ever. They make do, they live with treatable conditions.

So, if we had single payer, like most industrialized and humane societies, people would not have to go bankrupt, or die, or go without.

Also, even folks with insurance "coverage" don't get care because they can't afford the copays and deductibles.
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-02-10 01:50 AM
Response to Reply #3
9. It depends. An emergency situation, like a heart attack,
Might be treated, with the person being helped by hospital personnel to apply for the County insurance that would pay for it, immediately before the procedure or as soon as they can once in recovery.

Now if out patient procedures are needed, like cancer treatments, I don't know what happens. It can depend on what county you are in, and often people end up just struggling to stay alive without the needed treatment and surgery.

The out and out poor are sometimes at an advantage over someone who is low income but wants to hold onto their home. (And who wouldn't want to hold on their home? Especially since many people spend their lives paying off their house payments.)

I have friends who really need various treatments but refuse to ask the County for help, as they want to leave their home for their kids. It is sad to watch people faced with such terrible choices.

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katandmoon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 01:25 PM
Response to Original message
4. K&R.
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 01:30 PM
Response to Original message
5. Of course the government officials are underestimating the cost. Of course.
Edited on Wed Jun-30-10 01:31 PM by truedelphi
These are the same people who think we should work until we are seventy. My word, do none of them understand that if you are over fifty - your chances of getting a job are basically nil?

Unless you' re a lawyer, CPA or nurse. And even in those professions there is still age bias - because the insurance premiums are higher for anyone over fifty.
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inna Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 01:51 PM
Response to Original message
6. The whole idea behind this Health Care Deform is
to squeeze every penny possible worth of disposable income from the working/middle class,

to maximize profits for insurance/corporations,

and weaken the currently existing publicly funded programs.


Classical neoliberal/Friedmanite recipe.




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Nite Owl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 02:09 PM
Response to Original message
7. I thought the bill was bad
but it's horrible. People still go bankrupt. I can't believe they would even waste the time and money to pass this.
Gift to the insurance industry is all it is.
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Lydia Leftcoast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-05-10 11:41 PM
Response to Original message
10. This is the type of stuff I was trying to tell people about
The manufactured indignation about Obama's "socialist" health care plan was a smokescreen to hide the fact that this is pure corporate welfare. Sad to say, I talked to a lot of Democrats who believed that we were going to be getting single-payer health care, because that's the impression that the news media gave. (Remember that most people are low-information voters.)

Say you're in this situation--

Premiums will vary from state to state. In California, for example, the cost for a 50-year-old is estimated at $575 a month, with a $1,500 annual deductible and 15 percent co-insurance. Premiums in states with lower medical costs could be around $400 a month.

and you incur $100,000 in medical bills after five years of being insured, i.e. you sign up in 2014 and have a serious medical need in 2019.

Total outlay of insurance premiums in five years--$34,500
Deductible (zeros out every January) $1,500
15% of ($100,000-1,500) 14,775

TOTAL OUTLAY for insurance and treatment $50,775

Now the yuppie DLCer will point to these figures and say, "See? The person will save $50,000." The trouble is that a) $575 a month will have made a huge dent in or even exceed the individual's discretionary income for five years, to the extent that s/he may not have been able to afford the checkups and tests that would have caught the $100,000 problem early, b) it's outrageous that a person paying $575 a month should even have a deductible AND a copay. Some countries have modest copays. NONE have deductibles, and they were uncommon in the U.S. in years past.

Personally, I would be bankrupted by such a situation even with insurance. In fact, I dropped my insurance in April, because it was getting to be too expensive in a period when business was way down. The first month I didn't have the premium automatically deducted from my bank account (the ONLY way they would accept payment) was one in which I seriously needed the money for other things.
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nightrain Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-06-10 06:38 AM
Response to Reply #10
12. yes, the chickens have come home to roost, and the eggs ain't so tasty in spite
of the massive PR campaign to hide some of these very uncomfortable facts.

Thank you for your efforts!

Right, copays used to be $5 to $20, now they're $40. Completely unaffordable, so folks can't use their insurance. Dumb move Obama.

Only the private corporations "win".
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Kringle Donating Member (411 posts) Send PM | Profile | Ignore Tue Jul-06-10 12:45 AM
Response to Original message
11. Obama gave us nothing, except the threat of prison .nt
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NorthCarolina Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-06-10 08:58 AM
Response to Original message
13. "Change", refreshing isn't it?
:puke:
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