On Thursday, January 19, 2017 at 1:42:45 PM UTC-5, Dene wrote:
> -hh wrote:
> > On Thursday, January 19, 2017 at 11:33:31 AM UTC-5, Dene wrote:
> > > [Carbon wrote]
> > > Graydon Carter is right. Trump does have skin of gossamer and he cannot
> > > tolerate any criticism. He is going to be the worst president in US
> > > history. He will be so bad that even you true believers will agree.
> > >
> > > ----------------
> > >
> > > I'm not a believer. I'm an independent who decided to take a chance
> > > and give a chance.
> >
> > And when asked to commit to how long said "chance" is to be, you've bailed.
>
> 100 days. You know...the number after 99.
So now noted. Congratulations on finally committing.
> > > I'm sick of PC, social justice, and transgender bathrooms.
> >
> > Just try not to get literally sick: you'll be bankrupt before you know it.
>
> I have health insurance with a maximum out of pocket of $6500.
> $6500 will not drive me to bankruptcy.
I wasn't talking about the annual out-of-pocket limit:
instead, I was referring to the cost of the actual health
insurance policy, which as per the latest CBO estimates is
expected to now grow by 20-25% per year from ACA's repeal.
The ramifications of this are that if you don't get a $5K
raise (increase in total benefits) the first year of rate
change after ACA repeal, you're falling behind. And because
of compounding, this number goes up every year thereafter:
year 2 requires no less than a $6K/year raise to prevent
falling even further behind; the "tread water" for year 3
is +$7.2K and for year 4 (2020 election year) its +$8.6K
Oh, and these are assuming the CBO's lower estimate; the
upper ones are: +$6K, +$7.5K, +$9.4K, +11.7K
Because after four years, the current[1] cost for a generic
family of four will increase from $24K/year to $48K/year.
[1] - as per Forbes, via the 2015 Milliman Medical Index:
<
http://www.forbes.com/sites/danmunro/2015/05/19/annual-healthcare-cost-for-family-of-four-now-at-24671/#7fb6029a4dfb>
> BTW....the maximum out of pocket by law is $7150. Hardly
> a cause for a legitimate bankruptcy.
True, under ACA, but that was in no small part because the
ACA prohibited "lifetime limits".
But with ACA's repeal, the "lifetime limit" prohibition
is gone too, so they'll come back into effect.
And as you know, once you hit your LL, the healthcare policy
stops paying and the max out-of-pocket no longer applies.
-hh