What are the economics of Affordable Care Act? | TigerDroppings.com
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Swankie
LSU Fan
Far from you
Member since Jan 2011
40 posts

What are the economics of Affordable Care Act?

(Originally posted this on the Political board, but realized it should have been posted here.)


With Affordable Care Act so close to opening, I am interested in the effect the ACA will have on various people. I've never actually asked a doctor what his or her thoughts were on "Obamacare," but I'm very much interested. I know I have friends who have a parent that's a doctor. What are their thoughts on this new healthcare program? Thanks in advance. (P.S. - I'm interested in the economics and facts of the program, not the politics.)
This post was edited on 9/25 at 10:25 am



Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
21823 posts

re: What are the economics of Affordable Care Act?
quote:

P.S. - I'm interested in the economics and facts of the program, not the politics.)


Good luck separating those two things.


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Blakely Bimbo
Alabama Fan
Member since Dec 2010
1180 posts

re: What are the economics of Affordable Care Act?
Bottom line economics for our family.

We HAD (new plan starts in January) a Cadillac healthplan through husband's job.

Now we will be moved into $3000 deductible HSA/100% when we reach out of pocket $10 grand. Pre tax dollar contributed to HSA we can fund first year IIRC around 7 grand because we are over 55.

Still be paying several hundred dollars a month for coverage. Three pages of covered preventative services. Going to have to negotiate with doctors for services and meds.

Positives for HSA is that we can take it with us and I can inherit, but past spouse, money goes to beneficiary or estate and will be taxable. At least that is how I interpret the plan.

Like all insurance, you don't know what you got until you have to use it, so we are just going to be winging it this first year.

As I said in another thread, we are not sure what we are going to be responsible for until the HSA is funded by payroll deductible dollars. We are going to be limiting spending this Christmas.

I can understand families holding off on major purchases like housing until they fully grasp the changes. HR meetings started in mid- late August and my husband says that all his clients are talking about the changes.

There is a lot of confusion out there and I have heard of many companies that are only going to be giving employees allotments to purchase their own from those exchanges. The media reports that some of the exchanges are not ready to accept customers.

I don't think anyone really knows how this is all going to work and it is going to be a huge cluster for quite a while.


saderade
New Orleans Saints Fan
America's City
Member since Jul 2005
21729 posts

re: What are the economics of Affordable Care Act?
Working in the medical field, I haven't heard much, if anything positive from the doctors. Most think it is terrible. Now this is in the New Orleans area where majority of docs are conservatives.


Blakely Bimbo
Alabama Fan
Member since Dec 2010
1180 posts

re: What are the economics of Affordable Care Act?
We were talking the other night. If we have to go to Doctor with sore throat etc., we are going to take cash along with the HSA card.

Ask the Dr. office how much if we pay hard cold cash? Worth a try. From what I am hearing from friends, there are many companies going to this high deductible HSA program. IMO, going forward, smart Doctors will post prices to make their offices more efficient.

Seems like a smart person could make money advising medical offices on marketing strategies.


VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
13539 posts

re: What are the economics of Affordable Care Act?
quote:

I haven't heard much, if anything positive from the doctors. Most think it is terrible


I have several friends that are doctors. They all think Obamacare is terrible.


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prplhze2000
LSU Fan
Parts Unknown
Member since Jan 2007
33341 posts

re: What are the economics of Affordable Care Act?
It will drive up costs and thus premiums but it attempts to soothe the populace through back door price controls i.e. subsidies.


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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
21823 posts

re: What are the economics of Affordable Care Act?
quote:

From what I am hearing from friends, there are many companies going to this high deductible HSA program.


I had an HSA plan with $3,000 deductible that I loved (I'm 28). I was using it as a stealth IRA for investing.

Unfortunately, company decided to scrap it so I got kicked out.


matthew25
Ole Miss Fan
Member since Jun 2012
3940 posts

re: What are the economics of Affordable Care Act?
The doctors in Mississippi welcome the plan. Not enough residents have insurance and this will get them payments.


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7502 posts

re: What are the economics of Affordable Care Act?
quote:

The doctors in Mississippi welcome the plan. Not enough residents have insurance and this will get them payments.


Know how I know you're lying?


Captain Ron
Hawaii Fan
Location: Ted's
Member since Dec 2012
3841 posts

re: What are the economics of Affordable Care Act?
quote:

What are the economics of Affordable Care Act?


Crash the current health care industry so the government can go to a single-payer system.. i.e. taxpayers paying for more free shite to freeloaders.


Captain Ron
Hawaii Fan
Location: Ted's
Member since Dec 2012
3841 posts

re: What are the economics of Affordable Care Act?
quote:

I had an HSA plan with $3,000 deductible that I loved (I'm 28). I was using it as a stealth IRA for investing.



Using it now.

$2000 deductible, $4000 family. Maxing it out to $5270/year with another $2K from my employer.


lsu13lsu
LSU Fan
Member since Jan 2008
2943 posts

re: What are the economics of Affordable Care Act?
quote:

there are many companies going to this high deductible HSA program


I didn't think the High Deductible plans would survive after Obamacare. I do think High Deductible plans should be mandatory. It would create an incentive for everyone to keep costs down.


tiger91
LSU Fan
South of Lafayette
Member since Nov 2005
13964 posts

re: What are the economics of Affordable Care Act?
We have high ded plan with BCBS. Premium went up $70 per month effective October 1. Our ded went up $200 and our oop stayed the same.

Also the amt we can put into the HSA went up I believe by $200.

Not sure how long we'll have this ... we're self employed.


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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
21823 posts

re: What are the economics of Affordable Care Act?
quote:

Using it now.

$2000 deductible, $4000 family. Maxing it out to $5270/year with another $2K from my employer.


Ya, it was pretty sweet the time I had it.


tiger91
LSU Fan
South of Lafayette
Member since Nov 2005
13964 posts

re: What are the economics of Affordable Care Act?
Ours is $5800 ded I think? Was $5600 ... individual plan - hoping to be able to keep it and afford it.


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Blakely Bimbo
Alabama Fan
Member since Dec 2010
1180 posts

re: What are the economics of Affordable Care Act?
quote:

had an HSA plan with $3,000 deductible that I loved (I'm 28). I was using it as a stealth IRA for investing.


It's fantastic if you are never sick.


ell_13
USA Fan
Member since Apr 2013
33211 posts

re: What are the economics of Affordable Care Act?
quote:

It's fantastic if you are never sick.
I would add "for the first 2 years".

My wife and I are 26. We had a choice between the HD HSA or the conventional. We went HD and took whatever difference between the premiums and threw that in the HSA along with the company adding $1,000/year. The deductible is $1,500 per person, $3000 max per family. $10,000 max oop per family.
This post was edited on 9/26 at 8:17 am


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matthew25
Ole Miss Fan
Member since Jun 2012
3940 posts

re: What are the economics of Affordable Care Act?
There is not a single physician, in practice, in Mississippi who has voiced opposition to the Act.


One dentist came out against it, and he has been quiet after he realized it did not apply to his field. (Except children under age 18 do have dental coverage under the new law).

What are you seeing in TN? Besides the tight backside of Martha Blackburn?


fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
21144 posts

re: What are the economics of Affordable Care Act?
I'm retired, on Medicare which cost about $150 a month. Also have BCBS plan "F" which cost me $350 a month.

I'm married and the wife's BCBS cost us $300 a month. Her insurance will go up to $400 a month due to ACA.

We are on a set income and now the wife will have to return back to the work force which in turn will cost more tax dollars to have a home bound nurse to come in more then once a week. She had retired at 50. 3 months later, I got sick and I do need help every day. It's the catch 22.


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