cawacko
Well-known member
In my experience to get a mortgage you have to have property insurance. It's not an option so your example doesn't really work.
From a friend on FB, re ACA
- Thread starter tekkychick
- Start date
In my experience to get a mortgage you have to have property insurance. It's not an option so your example doesn't really work.
My home will be paid off next year, should I drop my coverage?
cawacko
Well-known member
That's my opportunity cost right? I can rationally lay out a budget with expected odds of certain scenario's that may play out including those beyond my control such as what you mentioned. With that information in hand I can make what I feel is the decision in my best interest. Yes there is still risk but one I feel is worth taking.
Not as many as you think, many of the "invincibles" that would be necessary to get this to even remotely work aren't signing up because the tax for not having it (must call it a tax, fine is unconstitutional "tax" is constitutional) is much cheaper than their premiums would be under the act. (Designed to fail, it is, young Padawan).
cawacko
Well-known member
Did you see the Jimmy Kimmel clip, he asked people on the street if they preferred the Affordable Care Act or Obamacare, they said the Affordable Care Act.
There is a lot of misconception about this law.
tekkychick
New member
Do you think some people care about their credit, lol, especially those using the emergency room for healthcare?
If you can afford to pay your medical out of pocket, then you can afford to pay the fine
Well said!
But there aren't that many of us that can shell out $100,000 or more for back surgery or other major operations. If you can - then sure, pay the fine; you don't have to join.
Yes, it's possible to rationalize being irresponsible as being the right thing to do.
tekkychick
New member
So don't get a mortgage. Pay for the house in cash; then you don't need insurance.
Liberty
Libertarian Minded
You're not stupid. Why would you compare a true crime that has a victim, with a non victimizing free person being forced to do something they don't want to do?
People have the right to not be victimized. Your comparison says the gov't has the right to victimize people.
It's good to be rich.
You tell me. Is it in your best interest to do so?
Exactly! Insurance is preventative, I hope never to use my homeowners policy, but I will be grateful for it if I do need it.
tekkychick
New member
France, England, Canada are Marxist? they might be surprised to hear that.
Cancel 2016.2
The Almighty
Historically the average profit margin for insurance companies is around 5-7%. (I am being generous)
Obama and the other idiots in DC knew this. But they also know that the public doesn't know it and thus they could sound like they were doing something by setting a number. In no way did they set the limits to 20% as PMP stated... he was incorrect in his comment.
Um, sign-up have been open for about 36 hours now. I think it's probably a bit premature to declare what people are going to do and whether they'll elect to pay the tax or purchase health insurance.
Liberty
Libertarian Minded
I don't think true capitalism exists anywhere in the world at this time.
cawacko
Well-known member
Exactly what?
Cancel 2016.2
The Almighty
Or could it be that there are just stupid people out there and they are the ones that end up getting aired so that a certain comedian can mock them?
Liberty
Libertarian Minded
I was going by what they were actually saying in interviews on the tube, but hey, you can tell me how premature that is because they must not know what they've done; they made decisions and talked about it, Dung.