A certain unnamed ObamaCare sycophant told me recently that ObamaCare would cause the
very rich to pay more into the insurance pool, therefore helping the poor who
cannot afford the extravagant care afforded the very rich. My question is in
regard to how that works mathematically?
The very rich already have the best insurance money can buy,
or they are simply self-insured in that they pay cash for everything. So those
currently buying the best insurance could not purchase more or better insurance
as none exists. Thus they will be putting the same amount into the pool as
before. The self-insured may be required under the new law to participate in
the insurance pool thus these will provide new funds to the pool, but
conversely, they will also then use that insurance before dipping into their
own self-insurance funds. Thus they will be taking significant amounts out as
well as putting funds in. Also since realistically only the evil 1% can afford
to self-insure that really is only an additional 1% to add to the pool at most
(minus the funds taken out for their care). That means, by my math, at most 1%
addition to the insurance pool funding of the country. That still leaves at
least 99% of the country with no gain from these additional funds.Saturday, January 11, 2014
A Simple Math Question
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