The Three Components Of ObamaCare

The Components of ObamaCare
[Initially posted September 27, 2013 as details started to become clear]
There are three components of ObamaCare: employer mandates, individual mandates, and everything else (hidden taxes and fees)
Employer mandates: 

• delayed for one year; delayed until 2015
• cost-shifting began in late 2013; employers moving employees to exchanges

Individual mandates:

One can start to see how ObamaCare is going to turn out exactly like Solyndra.

1. The individual mandate -- the cornerstone of ObamaCare -- will be provided by the "on-line exchanges."

2. None of the large, well-known health insurers will be participating in these "on-line exchanges." Small, under-capitalized, unknown companies will run these "on-line exchanges." Many of these companies will be start-ups with minimal, if any, experience in health care insurance.

3. These exchanges will offer very low premiums for insurance that meets the minimum standards mandated by ObamaCare. My understanding is that some premiums will be as low as $5.00/month (posted with link earlier). Of course, these policies will have huge out-of-pocket expenses: co-pays.

4. The large insurers say they will not support the "on-line exchanges" because they will be inundated with applications from those with pre-existing conditions and open-ended demands for psychiatric care.

5. It is my understanding that ObamaCare does not allow insurance companies to set an upper limit for lifetime claims. If that is true, the under-capitalized, small companies are at risk for large claims that won't be offset by the number of folks they would need to sign up who have minimal claims.

6. It took two to five years for the DOE-backed "Solyndra" companies ("the list of 38") to go bankrupt. We will see the same thing with the "on-line exchanges."  A lot of federal money will be provided these small, under-capitalized companies, but over time, they will run into financial difficulties, and gradually disappear. 

Everything else

• Taxes on medical devices
• Etc