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Another ObamaCare Fail

October 21st, 2013 - 1:33 pm

SWEAT

Jason Pye:

In the weeks since the ObamaCare exchanges went lives, the number of uninsured Americans who say that will pay the individual mandate tax rather than purchase health insurance coverage has risen, according to the latest poll from Gallup.

Uninsured Americans are still overwhelmingly unfamiliar with the exchanges, though the number has slightly declined since Gallup polled the issue last month. According to the poll, 71% are either “not too familiar” or “not familiar at all” with the exchanges, down marginally from 72% in September.

More uninsured Americans (73%) say they are aware of the individual mandate, which requires them to purchase health insurance coverage, up from 68% last month. Just 26% say they are unaware of the individual mandate.

I read a quote years ago which stuck with me well enough to give you the gist of it, but not so well that I can Google it for attribution. It’s something like, “Show me a man’s incentives, and I’ll tell you how he behaves.” Let’s look at ObamaCare’s three major incentives.

• The law’s punishments — up to 1% of income, which is a fraction of what health insurance costs — incentivize individual buyers into becoming lawbreakers.

• The execution of the law — the web-based “exchanges” — further incentivize healthy people into staying out.

• The results of the law — the “death spiral” of rising rates due to the first two items — will incentivize even people who have signed up (there are a few, reportedly) into dropping out.

The irony is, the Administration’s major incentive right now is to not fix the exchanges, because those failures of execution are doing a fine job so far of masking ObamaCare’s larger, systemic failures.

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All Comments   (5)
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What if most of the youngsters are joining the union-exempt jobs?
25 weeks ago
25 weeks ago Link To Comment
it occurred to me that as Americans are being forced to buy a product which, from a practical point of view, can't be bought, on penalty of a fine, which john roberts ruled a tax, the answer is surprisingly simple. we need a tax protest in which no one files a tax return as long as obamacare is on the books.
25 weeks ago
25 weeks ago Link To Comment
They could selectively prosecute a few, take away their livelihood, jail them for tax evasion, the rest will fall in line.
25 weeks ago
25 weeks ago Link To Comment
up to 1% of income
1% of a $100,000 paycheck is $1000. 1 month minimum premium is $150-$200/person and $2000 deductible.

Obamacare banks on the young don't do math.
25 weeks ago
25 weeks ago Link To Comment
{valleygirrlvoice=1}
"Math is harrd."
{valleygirrlvoice=0}

Hey, mebbe I can get a job re-writing summa that there code. I can do COBOL. PetBasic, too. Peek This...Poke That
25 weeks ago
25 weeks ago Link To Comment
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