Monday, June 22, 2009

(image via Pookie's Toons)

CAN YOU BELIEVE IT!? PRIVATE INSURANCE IS FAR LESS EXPENSIVE!

Randy Fardal
crunched the numbers. The Obamunist would have to steal much, much less money from future generations if he paid for the uninsured to get private insurance. Given governments legendary efficiency, that comes as a shock, I know.

Mr. Fardal found that Obamacare's cost:
...works out to about $833 per subscriber. That might be a good price for a 75-year-old, but Medicare already covers them. Mr. Obama wants taxpayers to insure Americans in their 30s, 40s, and 50s.
A quick scan of the Anthem Blue Cross website shows that society could get a much better deal in the private sector -- even without a 16-million person group rate. A Santa Monica, California 50-year-old male can get a $3500 deductible HSA policy for $172 per month. That includes drug coverage and no co-pay for office visits after the deductible is met.

If the subscriber is healthy enough not to reach the deductible amount in a given year, his average variable cost ranges from zero to $292 per month, plus the $172 fixed cost, or a maximum total of $464. And since that is a health savings account policy, the $292 reduces his taxable income. If the Santa Monica resident's combined marginal state and federal tax rate is 30 percent, his total monthly after-tax cost is no more than $204 to cover the deductible amount, plus $172 for the insurance premium, a maximum total of $376.

Granted, women in their childbearing years pay more for maternity coverage, but having a baby is a voluntary step (especially with free abortion clinics), theoretically taken by those that can afford it. Policies with no maternity benefits are available for 30-year-olds at well under a hundred dollars per month.

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