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(Chicago Trib)   Illinois partners with The Onion to push Obamacare. No, this is not a story from The Onion   (chicagotribune.com ) divider line 2
    More: Cool, Onion Labs, obamacare, Illinois, voter registration, Illinois partners, second city  
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1393 clicks; posted to Politics » on 11 Feb 2014 at 9:11 AM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-02-11 08:52:38 AM  
2 votes:
"Obama announces an extension of the deferment of the revision of the previous modification of the rescheduling of the implementation of the exemption of the requirement to the previously extended employer mandate.  Says he is confident that this will solve everything.  Hope and change"

/Yes we kick the can!
2014-02-11 11:51:23 AM  
1 vote:

James!: Phinn: In a push to enroll more "young invincibles,"

Oh, you mean the healthy people who are being forced to "buy" grossly inflated and overpriced "insurance policies"?

I wonder why they aren't more enthusiastic about being financially ass-raped.

Are your quotes implying that they are not insurance policies?


It's not even insurance.  Insurance is where you pay a premium that's been determined by the underwriting process to determine your risk level.  A functioning insurance market doesn't even require anyone to pay more in premiums than he gets in benefits -- an insurance company can make a profit merely by investing the float, which is the use of your premium money between the time you pay it and the time they pay out benefits.  That allows them to actually pay out more in benefits than they take in as premiums.  True insurance operates like an investment club, with accurate risk assessment (i.e., underwriting).

In contrast, ObamaTax requires young healthy people to grossly overpay, so as to subsidize the costs of expensive, self-abusing, unhealthy older people.

This is just a tax.

Health taxes are now similar to the way that Social Security and Medicare collect taxes (falsely called "premiums") based on a formula that has virtually no bearing on the "benefits" that are paid later on.  They're just taxes on the front end, and welfare payments on the back end.

The government uses the language of insurance, but it's not insurance.
 
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