posted on Oct, 14 2013 @ 08:49 PM
What most people don't realize is the Perfect Storm that is building with all the cuts in revenue generators for the ACA that are happening. First Big
Business get's a one year reprieve, then we are talking about getting rid of the Medical Equipment ACA tax, now Unions are going to get a one year
pass on extra taxes on their plans. Even worse, Wait a few years till the extra money the Federal Govt. is giving to States for Medicaid Expansion
ceases, then the SHTF.
Add all of those reductions to revenue for the ACA along with the (so far) less than expected signup rate on the Marketplaces and you have a Very Bad
Less people in the the insurance pool will mean less revenue and the cuts in the various taxes mean less revenue too. The ACA expenses have been
grossly underestimated and these two things will make the ACA even more costly to our Nation. The ACA is predicated on almost every American signing
up. We will see if that is the case.
The Government will be shelling out tons of subsidy dollars, take in less revenue and have less people on the plans than originally projected for it.
Something will have to give, insurance companies will NOT run these plans if they are not profitable for them, they will bail. Premiums are looking to
go up in general. I would expect further shakeup in the insurance field over the next year as The ACA starts to take hold.
......We are on our way to a single payer system for the vast majority of America. Mark my words. Of course our elected officials will be exempt from
it, can't have them having the same plan as the little people do.
edit on 14-10-2013 by pavil because: (no reason given)