Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/28/2013 (1 year ago)

Catholic Online (www.catholic.org)

Obamacare forcing millions to lose existing coverage, notices arriving now with more on the way

Reality is beginning to set in as insurance providers send more cancellation notices to Americans notifying them that because of Obamacare, their insurance will be dropped and they will need to re-enroll in more expensive plans.

Pictured: Obamacare approaching.

Pictured: Obamacare approaching.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

10/28/2013 (1 year ago)

Published in Politics & Policy

Keywords: Obamacare, cost, mandate, individual, termination, cancellation, expensive, insurance


LOS ANGELES, CA (Catholic Online) - The vast majority of Americans in the individual insurance market, about 16 million out of a total of 19 million, are losing their health insurance coverage and are being told to re-enroll in more expensive plans to avoid interruption in their coverage.

For these 16 million Americans, Obama's words promising that you could keep your doctor and your coverage if you were happy with, make for a very painful lie.

Most of these people are losing their plans because under Obamacare, their current plans "undercover" them. Obamacare sets a standard of coverage that is intended to cover most all medical needs. Not everyone however, needs this level of care. People who are young and healthy, in particular, have been paying much less for their insurance while accepting a lower quality of care, simply because they don't need it.

However, those budget plans, which do not provide all of the coverage the Obamacare law requires must be cancelled. This means that 16 million Americans will have to upgrade, against their budget and will, to a more expensive Obamacare approved plan. For these Americans, many of them on low or fixed incomes, this is a devastating blow.

For a large number of Americans, the insurance bill will hit hard with many paying hundreds of dollars per month to avoid the increasing fines passed to force people to buy insurance.

Obamacare is intended to be affordable, but does nothing to make healthcare cheaper for consumers, other than to make the poor eligible for Medicare. For the middle class, the healthcare is affordable because its monthly cost can be predicted and therefore budgeted. However, the monthly expense for most people will be the equivalent of adding a car payment to the budget.

In fact, as more Americans enroll in Obamacare plans and start paying premiums, it is likely that other sectors of the economy will be hit with shocks. Middle-class Americans will forgo vacations and new cars, as well as other bigger ticket items and possibly many smaller ones as insurance sucks a double-digit percentage of their disposable monthly income into the pockets of insurance executives.

While there will certainly be major growth in healthcare, there will be less money for food, rent, and other expenses, at least for the middle class.

Obamacare looks like it will do a decent job ensuring a respectable standard of care, (it's offensive provisions and the First Amendment aside) however it does nothing to actually make insurance cheaper. The subsidies promised to lower-income Americans must also be paid by someone, with interest, which will be the taxpayers of the next generation.

In addition to forcing 85 percent of Americans in the individuals insurance market to lose their policies, Obamacare is also incentivizing many larger employers to dump their workers and retirees into the public market. Companies are finding it cheaper to pay the penalties associated with not offering coverage than to pay for the coverage itself.

Obamacare may do a lot to help cover more people with insurance, but it is a fiscal disaster, right down to the individual payer. Of course, there's no promise that Obamacare will actually succeed, since we don't know what will happen after medical facilities fill up with new patients after Jan 1.

Then, we cannot even predict that because we have no idea how many Americans will actually sign up for the program. Millions still report they can't sign up at all, and millions more may refuse to sign up either because they find the Affordable Healthcare Act is quite unaffordable, or they refuse to participate in a scheme that is so onerous the Supreme Court winced in its opinion upholding it.

A birth foretold: click here to learn more!

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2015
Universal:
Scientists: That those involved in scientific research may serve the well-being of the whole human person.
Evangelization: Contribution of women: That the unique contribution of women to the life of the Church may be recognized always.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Politics & Policy

OUT OF CONTROL: During Harry Reid's time in Congress, national debt up an astonishing 15-Fold Watch

Image of During the 32 years that current Senate Minority Leader Harry Reid of Nevada has served in the United States Congress, the debt of the federal government has grown $16,955,289,814,977.42.

By Catholic Online (NEWS CONSORTIUM)

During the 32 years that current Senate Minority Leader Harry Reid of Nevada has served in the United States Congress, the debt of the federal government has grown $16,955,289,814,977.42, roughly equaling an increase of about $145,131 for every household in the ... continue reading


Deputy Secretary of Homeland Security exposed as favoring wealthy 'White House allies,' including Hillary Clinton's brother Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Department of Homeland Security's latest watchdog report reveals the agency's second man in charge, Deputy Secretary of Homeland Security Alejandro Mayorkas, repeatedly "played favorites" when it came to well-connected participants in an investor-visa program. LOS ... continue reading


IT BEGINS NOW: Conservative rebel, Sen. Ted Cruz becomes first Republican to announce presidential bid Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Senator Ted Cruz, from Texas, has become the first Republican to announce a campaign for presidency in the 2016 election. Taking to Twitter, Cruz announced his candidacy with a 30-second video message posted shortly after midnight on March 23. LOS ANGELES, CA ... continue reading


What is going on here? U.S. threatens sanctions against Israel while making excuses for Iran Watch

Image of Even more trying to Israel would be any lessening of Obama's opposition to Palestinian efforts to join the International Criminal Court. The Palestinian Authority will formally join the court this coming April 1.

By Catholic Online (NEWS CONSORTIUM)

What is going on here? Israel, the United States' only clear ally in the Middle East is now facing tough new sanctions from the Obama White House. LOS ANGELES, CA (Catholic Online) - According to Politico's Michael Crowley, "Obama officials must now decide ... continue reading


Large study reveals startling media bias toward Democrats and Obama during presidential elections Watch

Image of

By Abigail James (NEWS CONSORTIUM)

The United States and international press show signs of strictly favoring the Democratic party. According to the Washington Examiner, a study of 130,213 news articles during the 2012 presidential election shows just how pro-Democratic the news sources were. LOS ... continue reading


Did the Obama administration give a massive amount of money to an anti-Israeli group to keep Israeli Prime Minister Netanyahu out? Watch

Image of Is President Obama attempting to overthrow Israeli Prime Minister Benjamin Netanyahu?

By Matt Waterson (NEWS CONSORTIUM)

Declining to meet with Israeli Prime Minister Benjamin Netanyahu while he was in the United States earlier this month is one thing, but President Obama may have crossed a line by illegally financing an American nonprofit group that was attempting to keep ... continue reading


Iranian president finds diplomacy with U.S. to be active 'jihad' Watch

Image of Describing his country's diplomacy with the United States as an active

By Catholic Online (NEWS CONSORTIUM)

Describing his country's diplomacy with the United States as an active "jihad," Iranian President Hassan Rouhani says the diplomatic front is just as significant in advancing Tehran's nuclear ambitions. LOS ANGELES, CA (Catholic Online) - Rouhani praised the ... continue reading


Match made in Heaven: Hillary Clinton as secretive as Bill Clinton; deletes over 30,000 emails Watch

Image of

By Abigail James (NEWS CONSORTIUM)

As the upcoming Presidential election approaches, former Secretary of State, Hillary Clinton continues to be pressed on the issue of her private email account and private servers. LOS ANGELES, CA (Catholic Online) - Finally breaking her silence, Clinton has admitted ... continue reading


Playing hardball: Senate Republicans warn Iran that nuclear weapons are off the table Watch

Image of President Obama is not happy with Senate Republicans, after they wrote a letter to Iran, warning the nation that they will not be allowed to develop nuclear weapons.

By Matt Waterson (NEWS CONSORTIUM)

Senate Republicans are wholly committed to preventing Iran from gaining the ability to produce nuclear weapons, weapons with which the Islamic Republic has routinely said that it will use to destroy long-time U.S. ally Israel. LOS ANGELES, CA (Catholic Online) - ... continue reading


TERRORISTS BACK IN ACTION: More than 100 Guantanamo Bay detainees released back into terrorist activities Watch

Image of The United States has confirmed that 116 detainees have been

By Catholic Online (NEWS CONSORTIUM)

It appears that for dozens of suspects, Guantanamo Bay proved to be a failure in terms of national security. The United States has confirmed that 116 detainees have been "transferred" out of the prison at Guantanamo Bay, Cuba. These terrorist suspects are now ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Isaiah 42:1-7
1 Here is my servant whom I uphold, my chosen one in ... Read More

Psalm, Psalms 27:1, 2, 3, 13-14
1 [Of David] Yahweh is my light and my salvation, ... Read More

Gospel, John 12:1-11
1 Six days before the Passover, Jesus went to ... Read More

Saint of the Day

Saint of the Day for March 30th, 2015 Image

St. Peter Regulatus
March 30: Also Peter Regalado, Franciscan reformer. Peter was born at ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter