Demon Hunter wrote:The fine/tax mandate was my main problem with Obamacare. It's a pyramid scheme.
By your definition all insurance is a Ponzi scheme, other than an endowed life policy that hasn’t been marketed or sold in this country for many decades. Insurance is a commodity like money, it only matters when you don’t have it.
Eliminating the mandate doesn’t add money to the U.S. Treasury. It saves the U.S. Treasury money it gives in subsidies via tax credits. No more tax credits to reduce individual tax liability, means the U.S. Treasury gets to keep that money, rather than credit it against what is owed.
The proposed Senate Tax Bill will eliminate 13 million people that now have subsidized coverage, and drop their medical coverage. These are people that don’t want to pay for medical coverage because they don’t think they will need or use it, and believe they can put the money they pay for medical insurance to better use elsewhere.
What happens when any of these have a medical emergency, chronic or life threatening illness they can’t pay for? They will get emergency care treatment from time to time, and the cost of the care will be shifted onto those that maintain medical insurance. At least until the premiums become unaffordable for them, and they too are forced to drop their medical insurance.
Medical professionals spend a great deal of money and time learning their trade and expect to be compensated. They will keep increasing their fees across the board to cover their operating expenses and salaries.
Eliminating the mandate is most expedient way of ensuring quality medical care will eventually become only affordable for the wealthy. Spiraling medical care cost threatens Medicare coverage as well. Once a person can no longer work, they are relegated to living on a fixed income. It’s a very sad choice to make between food, shelter and medical care when the opportunity to earn money from work is gone.
I would favor eliminating the mandate, if it coincided with repealing the federal law requiring medical care facilities and medical professionals receiving Medicare dollars to treat the uninsured. Those needing medical care that didn’t have cash or insurance to pay could legally be turned away from ER & Urgent Care facilities. Gambling means somebody wins and another loses. Eliminating the mandate leaving the uninsured still able to receive medical care, means the losers are people that are insured will pay for the uninsured’s gamble with premium increases. There’s nothing fair about that.