The Affordable Care Act

[bobabode]

Originally Posted by whell

Trust me, that's how it works but you can bloviate your bull shit call if you want.

Certainly in the large group market historically, and now standardized in the small group marekt, most carriers offer coverage (or most self insured plans) based on either three or four tiers, each with their own premium:

Employee Only
Employee Spouse
Employee Child(ren)
Family

Some carriers use three tiers, some four tiers, but generally the tiers are some combination of those shown above. The premiums for each of those tiers is pre-determined each plan year. There is no additional charge to a plan participant on any of the family tiers (bolded) if a participant chooses to add dependent up to age 26.

To put it another way, let's say two employees work for the same company. Both have families. The employer offers medical coverage as a large group employer (more than 50 employees), the monthly premium for family coverage is $1000, and the employer splits the cost of the premium 50/50 with employees.

Employee A elects medical insurance under the employer's group policy. He has a wife and 3 kids, all the kids are under age 18. His monthly share of the premium is $500, or 1/2 of the full $1000 monthly premium.

Employee B has a five and 4 kids, all under age 18. His monthly share of the premium is also $500, or 1/2 of the full $1000 monthly premium.

Now, lets say employee B has 4 kids, but one of them is age 22. What would his premium be? His monthly share of the premium is also $500, or 1/2 of the full $1000 monthly premium.

Things change a bit in the small group and individual markets. But as you folks like to often insist on this forum, that's not where most folks work. So, employees working in companies with 50 or more employees would not have to pay additional premium for adding either additional minor dependents (under age 19), or additional adult dependents (up to age 26).

Do those waffles come with blueberry syrup?

[whell]

Originally Posted by Oerets

That be a reason I wanted single payer funded through taxes like SS is. You think if SS could be waived with a fine paid until you are close to retirement would of worked? Just look no further the 401K's. Just how many of our young or old even fund their retirements enough or rob from them to pay bills now.

The reason SS has lasted for so long is due to everyone paying. But not all collecting.

Barney

That ride isn't gonna last forever, Barney.

"In calendar year 2010, for the first time since the enactment of the Social Security Amendments of 1983, annual outlays for the program exceeded annual revenues excluding interest credited to the trust funds. CBO projects that the gap will continue: Over the next five years, outlays will be about 5 percent greater than such revenues. However, as more members of the baby-boom generation (that is, people born between 1946 and 1964) enter retirement, outlays will increase relative to the size of the economy, whereas tax revenues will remain at an almost constant share of the economy. As a result, the shortfall will begin to grow around 2017."

"CBO projects that the DI trust fund will be exhausted in 2017 and that the OASI trust fund will be exhausted in 2040. Once a trust fund's balance has fallen to zero and current revenues are insufficient to cover the benefits that are specified in law, the corresponding program will be unable to pay full benefits without changes in law. The DI trust fund came close to exhaustion in 1994, but that outcome was prevented by legislation that redirected revenues from the OASI trust fund to the DI trust fund. In part because of that experience, it is a common analytical convention to consider the DI and OASI trust funds as combined. CBO projects that, if legislation to shift resources from the OASI trust fund to the DI trust fund was enacted, the combined OASDI trust funds would be exhausted in 2038."

http://www.cbo.gov/publication/41644

Dropping health care costs into the same or similar system at a time when the baby boom generation will start retiring in droves is, IHMO, insanity.

[whell]

Originally Posted by bobabode

Do those waffles come with blueberry syrup?

I'll assume from that comment that your bullshit call has been officially retracted.

[bobabode]

Originally Posted by whell

I'll assume from that comment that your bullshit call has been officially retracted.

No Mike. You proved my point, thanks. It costs more to have your children insured 21-26 on your policy but then I knew that.

[Pio1980]

Originally Posted by 4-2-7

http://www.governor.ohio.gov/
http://carsonscholars.org/dr-ben-car...al-information

Maybe both of these guys together as a team. One would be good for human relations here and abroad the other gets the economy on track. Both have sound principals

I'm not aware of any objectionable items sufficient to disqualify Gov. Kasich at this time, he seems to have an admirable trait of independent thinking.

While I respect Dr. Carson for his accomplishments I find his views on biological evolution and marriage equality unacceptable for someone in a position to steer public policy on a national stage as his religious outlook seems to determine some of his thought processes to the detriment of logic. His comments on universal public health care are peculiar enuff to take him off the table of consideration, there's no way he'd make it all the way to candidacy unless they want another Democrat making the Jan 20th oath ceremony.

[Tom Joad]

Originally Posted by donquixote99

An uninsured person can't just buy insurance when they go to the hospital. He'd have to wait for the next open season to roll around.

You know you could save a lot of money on car insurance if you could just hold off on buying any until you got into an accident.

Or homeowners if I could wait until my house catches fire, or a category five Hurricane is 24 hours away.

[merrylander]

Originally Posted by whell

Dropping health care costs into the same or similar system at a time when the baby boom generation will start retiring in droves is, IHMO, insanity.

In all the years I have been on PC I cannot recall you ever having a humble opinion.

The odd part is that our cousins to the north can do it all with no problems, I wonder how that is?

[Oerets]

Originally Posted by whell

That ride isn't gonna last forever, Barney.

"In calendar year 2010, for the first time since the enactment of the Social Security Amendments of 1983, annual outlays for the program exceeded annual revenues excluding interest credited to the trust funds. CBO projects that the gap will continue: Over the next five years, outlays will be about 5 percent greater than such revenues. However, as more members of the baby-boom generation (that is, people born between 1946 and 1964) enter retirement, outlays will increase relative to the size of the economy, whereas tax revenues will remain at an almost constant share of the economy. As a result, the shortfall will begin to grow around 2017."

"CBO projects that the DI trust fund will be exhausted in 2017 and that the OASI trust fund will be exhausted in 2040. Once a trust fund's balance has fallen to zero and current revenues are insufficient to cover the benefits that are specified in law, the corresponding program will be unable to pay full benefits without changes in law. The DI trust fund came close to exhaustion in 1994, but that outcome was prevented by legislation that redirected revenues from the OASI trust fund to the DI trust fund. In part because of that experience, it is a common analytical convention to consider the DI and OASI trust funds as combined. CBO projects that, if legislation to shift resources from the OASI trust fund to the DI trust fund was enacted, the combined OASDI trust funds would be exhausted in 2038."

http://www.cbo.gov/publication/41644

Dropping health care costs into the same or similar system at a time when the baby boom generation will start retiring in droves is, IHMO, insanity.

All that need to be done for SS long term solvency is raise the cap. Something that hasn't changed for years. Lift the cap to something like 250K in earnings even would elevate any short falls. So just think if it was removed all together!



Barney

[merrylander]

Originally Posted by Oerets

All that need to be done for SS long term solvency is raise the cap. Something that hasn't changed for years. Lift the cap to something like 250K in earnings even would elevate any short falls. So just think if it was removed all together!



Barney

It should be removed completely as it stands it is a regressive tax.

[icenine]

The false debt crisis is just an excuse for Paul Ryan to ruin the fabric of the social welfare net. If you think about it Medicare and SS are the greatest acheivements in America. Look who wants to tear it down.

Odd that Ryan does not want to touch defense...but he probably gets money from defense contractors.