A Millennial’s Take on His Obamacare Plan

I didn’t discover this post until today, but Millennial Moolah posted back in April about Why and How I Am Quitting My Obamacare Plan.

Key bits:

  • “So I’m not trashing this law for the folks who appreciate the benefits they have under it. Rather, I’m saying that the ACA has made healthcare so burdensome and expensive for young, healthy folks like me that it’s impossible to have a functioning insurance market while it exists.”
  • “So rationally, millennials over 26 with less than $10,000 in assets and more than $40,000 of income really don’t benefit at all from the Affordable Care Act. Most of my friends who work for small business, bars, restaurants, and other employers who don’t offer health insurance choose to forgo it entirely and pay the penalty.”

But read it all. He gets into details and numbers.

Medicare for all – a bad idea among many

Anyone who knows me knows I’m not a fan of this idea of Medicare for all. Even though it will cost us more to see our doctor, we are encouraging her to opt out of Medicare and Medicaid so that she can survive as a small practitioner, one of the handful left in our city who has not been forced to sell her practice to the hospital (which then charges more than the practice did because it is allowed to under the rules).

Reason has a great article on the down sides to this idea. Here are a couple of good quotes, though I recommend you read the whole thing.

“Red tape is also a huge burden for medical providers who accept Medicare. ‘A random survey of 1,000 practices found physicians and staff spend 15.1 hours engaged in quality measure reporting each week, at a cost of more than $40,000 per year for each doctor,’ according to FierceHealthCare.

“Jumping through bureaucratic hurdles for the privilege of accepting substandard compensation isn’t as attractive as it might seem. That may be why a growing number of physicians refuse to see Medicare patients, others limit the number they’ll accept, and more balk all the time.”