Consequences of Health Care Law
Posted: Fri Aug 23, 2013 8:11 pm
Elections have consequences!
The Affordable Care Act priced us out of the health insurance market before the bill was even passed, it jumped 50% before passage. We dropped our insurance and have been without for five years. Three years ago we insured the kids but not us. Just for Larry and I the best we could get was $2000 a month with 10 K deductable and still that way for individual policies. What do you mean insurance rates have lowered says the left? We were paying $840 a month with 10K deductable when the president was elected the first time. We recently found if we join AARP we can get a policy with 10K deductable for $600 a month, but we can now enter a pool because of age. Add Lynn's and James' policies and we would spend $960 a month. Insurance rates have not gone down.
As small business owners we have never made enough money to supply insurance to our employees. But we have helped out with their medical bills to the extent we can. And if you don't believe the country is moving to part time employees.....I beg to differ! We are opening a third business six weeks from the time our lawyer finishes the finalizing of our contract for the storefront. We have hired the only full time employee we will have, the rest part time. Thank you Affordable Care Act! We would like to have four more full time employees. We expect the first growth in the new business to be within a year. That puts us over the limit on employees.
Then this morning I hear a report on the News about Delta and their health care problems. Very large company self insured who has to have their own exchanges for employees to choose from.
The cost of implimentation for Delta is a one time fee in setting up exchanges.
Next year's projected health care cost increases for Delta:
A $63 dollar fee (tax) paid for each employee covered. Estimated cost $10 million.
Extended coverage to kids to age 26. Estimated cost $14 million
Required individual mandate bringing more dependents into Delta's insurance. Estimated cost $14 million.
Total projected cost with yearly increase in insurance to Delta: Up to $100 million.
Who pays for it? We do the consumer! Get it government! I want the Affordable Care Act DEFUNDED! Pass short bills covering the items the country does want. And I mean short!
I sit stunned....my house note which includes insurance including flood and property taxes in the escrow is $1436 dollars. Of that my house note is only $685 dollars. Comparison between health insurance....hmmmm! In my state our stupid government allows insurance company a guarantee of 14% profit.......hmmmm! My profit is a little over 7% on our corporation our businesses are under!
End of rant!
The Affordable Care Act priced us out of the health insurance market before the bill was even passed, it jumped 50% before passage. We dropped our insurance and have been without for five years. Three years ago we insured the kids but not us. Just for Larry and I the best we could get was $2000 a month with 10 K deductable and still that way for individual policies. What do you mean insurance rates have lowered says the left? We were paying $840 a month with 10K deductable when the president was elected the first time. We recently found if we join AARP we can get a policy with 10K deductable for $600 a month, but we can now enter a pool because of age. Add Lynn's and James' policies and we would spend $960 a month. Insurance rates have not gone down.
As small business owners we have never made enough money to supply insurance to our employees. But we have helped out with their medical bills to the extent we can. And if you don't believe the country is moving to part time employees.....I beg to differ! We are opening a third business six weeks from the time our lawyer finishes the finalizing of our contract for the storefront. We have hired the only full time employee we will have, the rest part time. Thank you Affordable Care Act! We would like to have four more full time employees. We expect the first growth in the new business to be within a year. That puts us over the limit on employees.
Then this morning I hear a report on the News about Delta and their health care problems. Very large company self insured who has to have their own exchanges for employees to choose from.
The cost of implimentation for Delta is a one time fee in setting up exchanges.
Next year's projected health care cost increases for Delta:
A $63 dollar fee (tax) paid for each employee covered. Estimated cost $10 million.
Extended coverage to kids to age 26. Estimated cost $14 million
Required individual mandate bringing more dependents into Delta's insurance. Estimated cost $14 million.
Total projected cost with yearly increase in insurance to Delta: Up to $100 million.
Who pays for it? We do the consumer! Get it government! I want the Affordable Care Act DEFUNDED! Pass short bills covering the items the country does want. And I mean short!
I sit stunned....my house note which includes insurance including flood and property taxes in the escrow is $1436 dollars. Of that my house note is only $685 dollars. Comparison between health insurance....hmmmm! In my state our stupid government allows insurance company a guarantee of 14% profit.......hmmmm! My profit is a little over 7% on our corporation our businesses are under!
End of rant!