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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    Paying for my "slacker"

    By JGillman, Section News
    Posted on Tue Sep 28, 2010 at 08:27:29 AM EST
    Tags: Slacker, Health care, Government intrusion, Risk, Insurance, Free markets (all tags)

    OK maybe he is not really a true slacker..  

    Truth be told, I am proud of Junior, in the way he has stepped up to the plate and handled the ENTIRE expense for his education for the last three years through his military program and equally happy that he is not starving, has a roof over his head while in school, and has truly owned up to the responsibilities he has taken on..

    ..just getting older.

    Maybe that's why I have happily paid the insurance policy for him during his schooling. It has been relatively inexpensive to have piece of mind these last few years. To the age of 25, the policy we hold on him has cost us less than $100 a month.. Not too bad.  Its been worth it.

    But now he can hang out on the policy another year WITHOUT being in college! The new Obamacare sure makes it easy! ~ more below ~

    In fact..  He is now married, and will STILL BE ELIGIBLE for insurance whether or not the insurance company likes it. Funny though, how it may cost more if we went that way..  In fact, it will cost more whether or not we do.

    The insurance companies spread that cost throughout the range of policies they offer.  They could not do otherwise, or the type of bankrupcty seen by Fannie and Freddie would... umm well.  umm.. well maybe they'll just "get away with it" for a little while anyhow. As pointed out at Cap Con:

    Antony Davies, an associate professor of economics at Duquesnse University, said the argument on insuring 25-year-olds has some holes in it.

    "Proponents of the regulation to keep 25 year olds on their parents' insurance policies claim contradictory things. On the one hand, they claim that keeping 25 year olds on the parents' insurance won't raise insurance costs. On the other hand, they claim that we need this new law because insurance is too expensive for many 25 year olds to purchase.

    Its that way BECAUSE of government intrusion.  Just this provision existing adds a way in which the insurers must underwrite risk.  It removes options, choices, and restricts flexibility to insurers in the policies they offer.

    It gives them another tool to assess risk costs forward as well.  They will use as a tool, to raise rates overall, as they MUST at every step, to simply stay ahead of the "planners" in government who understand business and risk so well.  These costs get passed along in other ways

    That separate plan we paid for Junior will seem CHEAP when our group plan bill comes in, and we cut the first checks that reflect the increased costs that the insurer MUST pass though or cease doing business.  Unfortunately it cannot involve the efficiencies that a free market will develop.  The new law incorporates the added cost of an over reaching bureaucratic nightmare of regulation and insistence upon unnatural business practice.  Selling insurance just became more expensive ...for the buyers.

    Our slacker has done nothing different, nothing wrong, yet the cost we see, whether he is on our policy or not... will increase.

    < Leyton's Answer to Illegal Immigration: Ignore the Criminals, the Borders and National Security | Justice Young To Speak >

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    Huh? (none / 0) (#1)
    by jgillmanjr on Tue Sep 28, 2010 at 09:09:18 AM EST
    I'm still under your insurance?

    HR perspective (none / 0) (#2)
    by archiespeck on Tue Sep 28, 2010 at 11:47:20 AM EST
    My spouse is a benefits coordinator at a small privately held firm, and has recently been attending seminars which break down how companies like hers are going to have to deal with Obamacare. Basically, the new mandates on insurance companies - like the one Mr. Gillman describes - are going to first push the small firms out of offering health benefits because it will be cheaper for them to pay the government fine. These aren't politically leaning people presenting at these seminars either. It's cold hard facts based on what the law mandates and how it translates day to day for businesses.

    Bottom line: in about 10-15 years, every American will be covered under a government plan. Pelosi and Obama just instituted a roundabout way to get to single payer insurance.

    And there's your happy thought for the day.

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