Re: The PPACA Thread Part IV - Repeal & Replace, or Something...
I don't think anyone has brought up the penalty for re-enrolling. And note- it's not a penalty for NOT having insurance, it's a penalty for letting it lapse and renewing it.
$300.
Which, instead of the tax that the ACA levied for not having insurance, goes to the insurance company.
So the insurance companies have a new way to make money- maximize the number of people who have to renew. Benefitting the very profitable insurance companies even MORE (including the tax write off of CEO compensation).
Seriously- I still question the morality that the companies who just are money in/money out, provide NO service other than that, can be so incredibly profitable. That is crazy to me. All this industry does it figure out how to maximize the ratio of OUR payments to them to THEIR payments to hospitals and doctors. That's it. An example is a person I know who had to come to work this week in spite of the doctor saying that they are far from being able to return. The reason? The insurance company decided it was long enough. And the doctor's note wasn't good enough.
I don't think anyone has brought up the penalty for re-enrolling. And note- it's not a penalty for NOT having insurance, it's a penalty for letting it lapse and renewing it.
$300.
Which, instead of the tax that the ACA levied for not having insurance, goes to the insurance company.
So the insurance companies have a new way to make money- maximize the number of people who have to renew. Benefitting the very profitable insurance companies even MORE (including the tax write off of CEO compensation).
Seriously- I still question the morality that the companies who just are money in/money out, provide NO service other than that, can be so incredibly profitable. That is crazy to me. All this industry does it figure out how to maximize the ratio of OUR payments to them to THEIR payments to hospitals and doctors. That's it. An example is a person I know who had to come to work this week in spite of the doctor saying that they are far from being able to return. The reason? The insurance company decided it was long enough. And the doctor's note wasn't good enough.
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