Interesting that right around that number the Obamacare subsidies fade away and are replaced by fines. These are the people getting the short end of the stick in regards to the ACA.
Don't know why you're being downvoted- there has always been a bubble where you're too rich to get help, too poor to afford all the responsibilities you currently have. These are the people who voted Trump- they think they don't need the government to help them, they just need the government to stop hurting them.
The short end of the stick from the ACA/Obamacare or the short end of the stick for a failure to meaningfully reform health care from successive administrations?
My health insurance bill has been going up 5-10% for the last 10 years. Between my employer and I it's now $14,000 just for insurance. That's nearly double the average total income taxes back in my country of birth.
Unless they had health issues, acute or chronic. In which case the ~6K out of pocket limit was helping them. It provided a ceiling to help keep people from going bankrupt.
Without Obamacare we are probably going to see a return of unlimited out of pocket, no drug coverage and a maximum lifetime benefit (Don't get cancer). So those people are going to get the short end of the stick still as they age.
They can't take your house to repay medical bills. For many people in that bracket "going bankrupt" is essentially having a black mark on their credit score for 7 years. It simply isn't cost effective nor affordable for those people. If it was you would of seen a different outcome yesterday.
> They can't take your house to repay medical bills.
I'm not American. I was under the impression that you can be refused treatment (medicine specifically) if you don't have the money? I've heard stories of people selling their house to buy treatment for ill children.
It's not a matter of "We don't want this product", it is simply unaffordable for a great number of people. For many paying for insurance would essentially mean living like a Chinese peasant farmer, eating ramen noodles every night. Given that it covers essentially nothing until 10k or so, it's not a sacrifice that they are not willing to make.
That said we have a funny system here, when people get to a certain age (when they actually cost money to insure) we give them socialized medicine. Same thing happens if you get really sick and go on disability. It's a nice deal the insurance companies have, they get to privatize the gains and socialize the losses.
