Obamacare's Hidden Penalty That Could Wallop Your Wallet

Got health insurance through your employer? You might think you're off the hook from being smacked by Obamacare penalties. If we were talking about the individual mandate that requires most Americans to obtain insurance or pay a financial penalty, you would be right -- as long as your employer is in compliance with the health reform act's minimum benefits requirements.

But there's a good chance that you will be affected financially by another consequence of Obamacare. And this hidden penalty can be even more painful to your wallet than the individual mandate levy. 

Consequences of following the law
What is this pervasive Obamacare hidden penalty? Higher deductibles. While technically a penalty means punishment for breaking a law, in this case the penalty stems from insurers and employers that comply with the law.

Granted, the text of the Affordable Care Act doesn't have a clause that tells health insurance companies or employers that they must raise their deductibles offered in plans offered to workers. Actually, the law puts a cap on deductibles for small group plans. But for individual and larger employer insurance plans, the language in the health-reform legislation has led directly to higher deductibles.

According to The Wall Street Journal, the average deductible for a bronze plan on the Obamacare exchanges for individual insurance is a whopping 40% higher than the average deductible before implementation of health reform. Deductibles jumped so much in large part because of the added benefit requirements under Obamacare.

These requirements are also driving many employers' health plan costs higher. With those costs rising, companies are being forced to raise premiums dramatically, cut benefits, and/or resort to other options. Bumping premiums up is one of the most likely of those other options.

Getting creative
No employer in its right mind wants to tell its work force that they're going to have to pony up lots more money for health insurance premiums. It's basically the equivalent of saying, "Here's a nice pay cut for you." What many organizations are choosing to do is increase deductibles to keep premiums from going up too much. Employees still end up paying more -- but it's not as obvious.

UPS (NYSE: UPS  ) took another approach to help control insurance costs. The big shipping company kicked around 15,000 working spouses off employees' coverage in 2012. Big Brown attributed the move largely to the impact of the Affordable Care Act.

Other employers opted to move employees to private exchanges, where they are given a fixed amount of money and allowed to shop for insurance from multiple insurers. Darden Restaurants (NYSE: DRI  ) took this route. The company joined Aon Hewitt's corporate health exchange last year, stating that the move gave workers "the flexibility to choose the level of coverage that best meets their needs at a price they could afford."

This creativity helps somewhat. However, many organizations across the country could adopt the mind-set of businesses in Wisconsin. A recent Wisconsin Manufacturers and Commerce survey of employers in the state found that 54% will pass higher health costs along to employees in some form. Another 22% said they would cut benefits. 

Winners and losers
Who wins and loses as a result of the hidden Obamacare penalty resulting from higher deductibles? The easy answer is that employees lose, since they're paying more out of their pockets. However, there are also less obvious losers.

When individuals pay more of their health-care costs, consumption of services can go down -- especially if those services are considered to be too expensive. That could hurt providers such as hospitals and their suppliers.

Intuitive Surgical (NASDAQ: ISRG  ) , for example, sells robotic surgical systems to hospitals. Some skeptics have raised doubts about whether the value of surgical procedures performed by Intuitive's da Vinci system justifies the high cost of the technology. Price-conscious consumers could ask to have laparascopic surgery rather than robot-assisted surgery to minimize the financial hit. If this happened, Intuitive would ultimately feel the pain.

There are potential winners as well, though. Pharmacy benefits managers, or PBMs, encourage individuals to think about the costs of the prescription drugs that they take. Express Scripts (NASDAQ: ESRX  ) , the nation's largest PBM, reaps the rewards when patients use less-expensive generic drugs and minimize waste of costly drugs -- actions that would be more likely with higher deductibles. 

Another possible long-term winner is the U.S. taxpayer. Health-care programs account for around 21% of the federal budget. Over time, consumers exercising more control over how they spend their money on health care could lead to more competition -- and more competition at least in theory should result in lower medical costs that help control Medicare and Medicaid spending.

Such hypothetical benefits, though, are likely of little comfort for most Americans. These possible positive macroeconomic effects wouldn't kick in until down the road. That wallop to your wallet from increased deductibles stemming largely from Obamacare will be felt in the here and now.

How can you lessen your Obamacare hidden penalty pinch?
The trend of higher deductibles is just one of the many ways that Obamacare is impacting Americans' finances. If you want to know how the health reform legislation affects your pocketbook, we've got answers for you. In only minutes, you can learn the critical facts you need to know in a special free report called "Everything You Need to Know About Obamacare." This free guide contains the key information and money-making advice that every American must know. Please click here to access your free copy.

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  • Report this Comment On January 12, 2014, at 5:24 PM, felix1937 wrote:

    Some of our southern friends are a bit confused about the ACA. The deductible is capped for singles at $2000 and for families at $4000. However, there is out of pocket expenses. If your hospital bill is $20,000 your out of pocket is $4,000. Google ACA deductibles for further info

  • Report this Comment On January 12, 2014, at 5:36 PM, Rusty56 wrote:

    The $2000 single and $4000 family deductible cap is for small employers, those of less than 50 employees at this point. But each state has the ability to raise that $2000 cap as long as the plan still meets the 60% minimum value threshold. I know that Illinois and Missouri both raised the cap as I sell group insurance in those 2 states.

    Felix the max. out of pocket is $6250 in 2014 for an individual but many plans here have 100% benefits in-network after the deductible so typically it is very hard to hit the 6250 max. with those plans.

  • Report this Comment On January 12, 2014, at 5:52 PM, wjcoffman wrote:

    "Who wins and loses as a result of the hidden Obamacare penalty resulting from higher deductibles? The easy answer is that employees lose, since they're paying more out of their pockets.

    Another possible long-term winner is the U.S. taxpayer."

    Ok, help me out here - employees are the losers and taxpayers are winners. Aren't we talking about the same people?

  • Report this Comment On January 12, 2014, at 5:59 PM, CheshireKatt wrote:

    Employees and tax payers are one in the same people aren't they?

    Yes my monthly premiums went up for health insurance and yes more things are covered that part is very true.

    However the things that are 100% covered weren't in the past and I can say that part is the positive end of it.

  • Report this Comment On January 12, 2014, at 6:05 PM, jimbobob007 wrote:

    It amazes me that just about every thing negative related to healthcare insurance is being blamed on the ACA. Ir's clear to me that a lot of these bits of bad news result from companies blaming Obamacare for changes that they are making.

    This is a massive undertaking so there are going to be some way around that. On the other hand, costs increases for healthcare insurance for the past 4 yrs have been the lowest on record overall.

    What the gop really hates is that the ACA is reining in cost increases which are making it more difficult for insurance companies to rip us off. That means that their profits are not shooting up so they can't "bribe" the gop as much through "campaign contributions". In SC one idiot state legislator has proposed a bill to reimburse penalties for those who don't sign up for the insurance. That looks pretty desperate considering that the state has repeatedly cut the financing of public education and needs $16 Billion just to bring the road system up to standard.

    Lastly, I question why this political keeps appearing on what is supposed to be a board concerned with investing.

  • Report this Comment On January 12, 2014, at 6:07 PM, ferdiefor wrote:

    The ultimate loser is individual and employer freedom to choose policies that do not include PC political points scoring benefits that pols dare to call "free". There is nothing free and we all pay for such items as drug rehab costs which are enormous regardless of our individual choice not to engage in drug usage. People in their 50s and 60s do not need baby-related or birth control services but they are paying for them just the same.

  • Report this Comment On January 12, 2014, at 6:12 PM, jhillsbery wrote:

    führer Obama strikes again.

  • Report this Comment On January 12, 2014, at 6:14 PM, 2smartforlibs wrote:

    If the lying lapdog media would have told the low information this or if they would have had time to research it out and still watch American Idiot. they might have already known this but it seems that the left cost liberal didn't care they just heard free

  • Report this Comment On January 12, 2014, at 6:19 PM, ted074 wrote:

    look, obama is a far left liberal and any program that he invents is gonna cost taxpayers money. this the liberal way. steal from the hard working americans in order to give the people whom are lazy and don't wanna work free passes. as long as citizens vote to elect the democratic polticians into goverment there is gonna be a huge cost to tax payers. next time you vote, please use your head.

  • Report this Comment On January 12, 2014, at 6:20 PM, avanelle wrote:

    every democrate must be voted out of office for what they have inposed on the american people in 2014 and 2016. every day someone finds something new that hurts the american people. you coundn't hired someone to harm the american people that could have done more damage than obamacare. for three years obama lied like a dog to the american people and he should be impeached.

  • Report this Comment On January 12, 2014, at 6:21 PM, avanelle wrote:

    these aren't glitches, they are earthquates.

  • Report this Comment On January 12, 2014, at 6:25 PM, Src13579 wrote:

    Too late. My employer already raised our deductibles through the roof years ago. They'd love to blame it on Obamacare but they just did it to be cheap.

  • Report this Comment On January 12, 2014, at 6:25 PM, early wrote:

    ATTENTION up the word is on page 107 of the ACA/obummercare healthcare bill..after you read what this means, get angry, I mean really angry, and wake up, stand up, and do not shut up for the sake of our COUNTRY!!

  • Report this Comment On January 12, 2014, at 6:25 PM, MaxxTheKatt wrote:

    The people have been warned time and time again about the Liberal Democrat agenda. But alas me hearties, me thinks it doth falleth on deaf ears and stupid brains!

  • Report this Comment On January 12, 2014, at 6:45 PM, syzygysyzygy wrote:

    all a load of the same american health care baloney all made unnecessarily complicated for the simple purpose of ripping off the population

    US medical care ( like its primary and secondary education systems) is a national joke and always has been and it stinks up the world

    All they have to do is adopt socialized medecine a la western europe------- presto! 200 year old problem solved!!!

    Will it happen? Not as long as capitalists own the place lock stock and barrel

  • Report this Comment On January 12, 2014, at 6:49 PM, Slayer88 wrote:

    Hey early, I looked it up and it's been debunked. I am no fan of Obiecare but you are falsely inciting people.

  • Report this Comment On January 12, 2014, at 6:53 PM, gdavisloop wrote:

    People, please stop referring to the ACA as a "liberal" plan. The ACA is actually a conservative plan developed by the Heritage Foundation as an alternative to the more popular western-Democracy-style "single-payer" heath plan.

    All the complications and unintended consequences you see from the ACA, are the result of the distortions and quirks necessary to try to make this conservative plan functional.

  • Report this Comment On January 12, 2014, at 7:00 PM, chrischamb1 wrote:

    It's always a joy to read all the comments by the Brain Surgeons who read the MF. It just goes to show how much this site has gone down hill! Anyone who thinks that prior to the ACA, that our nations insurance companies were doing a great job of serving the people of the US by providing the basic human need of quality healthcare at an affordable price, needs their head examined. Remember just one important point: the ACA is VERY CLOSE to all of the proposals originally proposed by the GOP in the 90's and early 2000's and ultimately implemented by good ole 47% Mitt Romney!! Give me a soon as Obama embraced the concept, the "do nothing but obstruct" GOP did their typical flip-flop and suddenly told everyone that the US was becoming a "Socialist State" But, they sure don't mind their own "Socialist" medical plan for them and their own families. How about we just have access to the same plan our jerk-off legislators have??

  • Report this Comment On January 12, 2014, at 7:01 PM, LadyDi58 wrote:

    Until we address Fiscal Solvency for our nation we will continue to chase our tails.

    With our debt paid down/off....the dollar strengthens. This is good for Everyone!

    The need for benefits, entitlements and "promise zones" are greatly diminished.

    Can we please stop curing the symptoms and address the disease?

    @ early....terrifying, isn't it? Lends a different slant to the man's agenda, I think.

  • Report this Comment On January 12, 2014, at 7:13 PM, Kelly wrote:

    obamacare is dying. time for the last rites. not enough signups, and half aren't paying. dum dum dum dum DA da da da da da da.

  • Report this Comment On January 12, 2014, at 7:17 PM, hoghunter1 wrote:

    All I know is my own experience. I was with Aetna and paying 388/month w/ a 7000 per year deductible. They dropped al Ca residents. I am now paying 711 per month with a 6500 deductible. I make about 70K a year and this is very very very painful. I paid for my first month with a credit card, and I doubt I am going to go into debt to pay insurance. I have not decided what to do.

  • Report this Comment On January 12, 2014, at 7:20 PM, smilingdon wrote:

    It baffles me why our leaders have passed such a

    morass of rules which hurt the people that they are supposed to care for. It is time to clean house.

  • Report this Comment On January 12, 2014, at 7:27 PM, SkepikI wrote:

    Yea, though I hesitate to enter this swamp....

    The websites and the cancelations of existing Health Insurance were actually the EASIEST things about the ACA to get right and execute.

    The HARD things are (shudder) yet to come. Cost containment? Reducing the costs without reducing the care? Much harder. Much more murky. The most recent study on reduction in emergency room visits following expansion of insurance for the "uncovered" in Oregon actually proved that emergency room visits for newly insured go (gulp) UP! about 40%.

    Worse news to come....

  • Report this Comment On January 12, 2014, at 7:27 PM, hollywoodlafl wrote:

    Oh for Christ sakes! This gets worse and worst each passing day.

    What's NEXT?!

    A slew of doctors not accepting this healthcrap plan?

  • Report this Comment On January 12, 2014, at 7:36 PM, blastoff wrote:

    I would like to ask how are the unemployed, homeless, disabled, or the indigent are going to pay their fair share of their deductibles or insurance coverage? Are they still going to line up at the county hospital's emergency and get free care with our tax money. Are they going to be like third world countries turned away until they are able to pay for their services? No money; no service. How much longer are the politicians going to play this game of theirs until we get on our knees and say uncle? I do not see the doctors walking out of their practices or the insurance companies going bankrupt. I am for a revolution at the ballot box and legalize abortion for all politicians only. They have become wealthy off our backs. I hope all of the Obama fans are happy......haha!

  • Report this Comment On January 12, 2014, at 7:55 PM, hagar2935 wrote:

    EVERYONE is going to be negatively affected by the UNAFFORDABLE Care Act. HIgher Deductible, Higher premiums, Higher Taxes, Higher Penalties, Higher Inflation.......... EVERYTHING is going to cost more in 2014 but that will the these least expensive year.... after 2014 MORE TXAES, MORE PENALTIES, MORE INFLATION........................ And a HELL of a LOT more part-time jobs and joblessness.

    And when the USA finally goes completely BANKRUPT because of this abomination we will see a revolution that will make the Civil War look like a summer vacation!

  • Report this Comment On January 12, 2014, at 7:57 PM, kdavis860 wrote:

    This story is exactly right, this happened to me and all 6000 employees where I work. Our deductibles shot up from about $1600 to $4800. When I saw the headline I started thinking about the deductible, and the very practical, very real-world writers at the Fool understood it too.

  • Report this Comment On January 12, 2014, at 8:00 PM, hagar2935 wrote:

    And if you Seniors think you are not going to be affected... think again... there will be fewer doctors willing to accept Medicare and your wait times to get approved for critical medical procedures will get delayed for so long that many of you will die waiting to get care......... Just like in England, Canada and many other Socialist medicine Countries. Guess why people in those Countries came to the USA for medical care?? No more....

  • Report this Comment On January 12, 2014, at 8:00 PM, lyndagroom wrote:

    Could is the operative word in the headline of this article. Employers based health care insurance changes to one degree or another each and every year. There is no need to hyperventilate over a possibility…at least not yet.

  • Report this Comment On January 12, 2014, at 8:11 PM, bamissfa wrote:

    my spouses employer sponsored plan went from $2500 to $5000 BECAUSE OF OBAMACARE

    Last year's tax online preparer said our ACA penalty based on that would be $400 yet the employer said there will be NO penalty because the plan is a federally approved plan.

    I hate obama and all his liar adminstration.

    I despise the democrat party for being the party of FRAUD LIES AND DECEIT

    vote them all out.

  • Report this Comment On January 12, 2014, at 8:12 PM, bamissfa wrote:

    some of you posters who think ACA is all that great wait until it is entirely rolled out which hasn't happened yet.

    ur deaf dumb and blind if you are not already aware of the problems in your state.

  • Report this Comment On January 12, 2014, at 8:23 PM, erini wrote:

    Every doctor and hospital who performs "free" under Obamacare preventive care like one visit a year with a primary doctor, mammogram, colonoscopy, pap smear, etc. is a big winner, not to mention people who got the diagnosis on time, including cancers. It seams to be without any value to some Fools, who care exclusively about MONEY. This is a very primitive attitude, money is not the only value in this world!!!

  • Report this Comment On January 12, 2014, at 8:24 PM, EXTORTIONACA wrote:

    do not comply to the extortion called aca, you do not have to buy insurance or pay any fines, info here that both parties and media forget ot tell you,

    DO NOT COMPLY spread asap,

    OPTOUT of the criminal ACA,We now know Obama,the dems many republicans/gop and the us gov are liars and crooks,

    Federal law says you CAN opt out of Obamacare and CAN NOT be penalized

    Ever heard of a federal law 42 USC § 18115: Freedom Not to Participate in Federal Health Insurance Programs?

    I haven’t either.

    But thanks to FOTM reader Joseph, now we all do!

    This is how Cornell University Law School’s website describes 42 USC § 18115:

    No individual, company, business, nonprofit entity, or health insurance issuer offering group or individual health insurance coverage shall be required to participate in any Federal health insurance program created under this Act(or any amendments made by this Act), or in any Federal health insurance program expanded by this Act (or any such amendments), and there shall be no penalty or fine imposed upon any such issuer for choosing not to participate in such programs.

    The website further explains that the Act referred to in 42 USC § 18115 is Obamacare:

    This Act, referred to in text, is Pub. L. 111–148, Mar. 23, 2010, 124 Stat. 119, known as the Patient Protection and Affordable Care Act. For complete classification of this Act to the Code, see Short Title note set out under section 18001 of this title and Tables.

    42 USC § 18115 refers to:

    Title 42 – The Public Health and Welfare

    Chapter 157 – Quality, Affordable Health Care For All Americans

    Subchapter 6 – Miscellaneous Provisions

    Section 18115 - Freedom Not to Participate in Federal Health Insurance Programs

    You can see it for yourself by going on the U.S. House of Representatives Office of Law Revision Counsel’s website for United States Code.


    In other words, what we’ve been told about Obamacare — that every adult American must enroll in a healthcare plan or pay a penalty — is simply not true.

    According to federal law 42 USC § 18115:

    No one is required to participate in Obamacare.

    You can’t be fined or penalized if you decline to participate in Obamacare.

    None other than Democrat Congresswoman Debbie Wasserman Schultz (Florida) has confirmed this at an April 5, 2010, town hall meeting in Fort Lauderdale,

    An attendee asked, “Congresswoman, who gave you the right or the authority to determine whether or not I have to purchase health care?”

    Wasserman Schultz replied: “We actually have not required in this law that you carry health insurance. Let me explain what we did: What we did is that, just like when you’re treated, that we categorize you differently in terms of your tax return when you’re married versus single, just like we categorize you differently when you are a homeowner versus someone who doesn’t own a home, just like we categorize you differently when you have children versus not having children — what we are doing is you will be in a different tax status if you carry insurance versus not carrying health insurance. So you can feel free to choose not to carry health insurance. That’s just going to be reflected in the tax category that you’re in on your tax return. But there is no requirement in this law that you must carry health insurance.“

    But what did Wasserman Schultz mean by if you don’t carry health insurance it’s “going to be reflected in the tax category that you’re in on your tax return”?

    Answer: She’s referring to an IRS code 26 USC § 5000A: Requirement to Maintain Minimum Essential Coverage.

    42 USC § 18115 directly contradicts another federal law, the IRS’s 26 USC § 5000A: Requirement to Maintain Minimum Essential Coverage, which says:

    An applicable individual shall for each month beginning after 2013 ensure that the individual, and any dependent of the individual who is an applicable individual, is covered under minimum essential coverage for such month.

    26 USC § 5000A further states that if “an applicable individual” doesn’t obtain “minimum essential [health] coverage,” he or she “shall be liable” to pay a monthly “penalty” in either a flat dollar amount or as a percentage of one’s income (see here).

    That’s how the deceitful federal government gets around 42 USC § 18115′s prohibition against penalizing Americans for not obtaining healthcare coverage — by calling it a “tax” and siccing the IRS on us.

    Bottom line:

    There is enough contradiction between two federal laws — 42 USC § 18115 vs. 26 USC § 5000A — to keep an army of lawyers busy and tie up the courts in litigation and appeals for years.


    Page 8160


    § 18115

    § 18115. Freedom not to participate in Federal

    health insurance programs

    No individual, company, business, nonprofit

    entity, or health insurance issuer offering group

    or individual health insurance coverage shall be

    required to participate in any Federal health in-

    surance program created under this Act (or any

    amendments made by this Act), or in any Fed-

    eral health insurance program expanded by this

    Act (or any such amendments), and there shall

    be no penalty or fine imposed upon any such is-

    suer for choosing not to participate in such pro-


    (Pub. L. 111–148, title I, § 1555, Mar. 23, 2010, 124

    Stat. 260.)


    This Act, referred to in text, is Pub. L. 111–148, Mar.

    23, 2010, 124 Stat. 119, known as the Patient Protection

    and Affordable Care Act. For complete classification of

    this Act to the Code, see Short Title note set out under

    section 18001 of this title and Tables.

  • Report this Comment On January 12, 2014, at 8:28 PM, tyyyroneee wrote:

    And this is news????

    I saw this coming 2 years ago and I don't consider myself to be very bright.

  • Report this Comment On January 12, 2014, at 8:29 PM, bizdean wrote:

    I continue to be amazed at the passion people bring to defending inadequate health insurance plans that leave policy holders badly exposed to expensive liabilities. Nobody likes to pay for insurance when not using it. But when people do need health insurance, those premium payments will look like they were a bargain. You just can't have it both ways.

    The ACA minimum benefit requirements are pretty modest. If your employer's plan does not meet that standard, you need a new job.

  • Report this Comment On January 12, 2014, at 8:40 PM, wpfish wrote:

    "prices have been going down for 4 years" What fool would make this comment? Obama lovers will get what they voted for

  • Report this Comment On January 12, 2014, at 8:41 PM, slanecastle57 wrote:

    First,please forgive my ignorance on this issue,but isn't this similar to Double Jeopardy?Any way you look at it,your going to pay more.Both of my Sons are covered through their employers but have been told they will get a stipend to meet ALL of Dubama care.Why do single men need pregnancy coverage??I have yet to see a MAN get pregnant,have you??Why didn't they make it so you can pick,oh say,Plan A: full coverage for a family with small children and the wife/partner have less coverage should she become pregnant again--or if BOTH have a vasectomy/tuba-ligation?.Plan..B: Singles who don't need prenatal care and so on.This could maybe make ACA more affordable for all.A Customized plan for individuals instead of a 61 year old Man paying for prenatal care.

    I guess you can see I'm stuck on Everyone being forced to have coverage they don't need.The ACA is an unilateral decision that,I believe will fail within two -three years max!!

  • Report this Comment On January 12, 2014, at 8:55 PM, Disgustedman wrote:

    I just signed up for my health insurance through washington website. They asked for financial info. If my employer had me working 40 hrs a week, I'd be at $1,536.00 monthly. But since I collected all my paychecks and averaged them out, it comes to 33.75 hours per week, which is $1,296.00 a month.

    So, I get mine for free through the state. THANKS TAXPAYERS!!!!

    (Oh, if I make more, I'll just keep quiet)

  • Report this Comment On January 12, 2014, at 9:04 PM, jdoylesan wrote:

    I registered only so that I could post a comment. Motely Fool advertises "spin free" reporting, and yet, it's become the Fox News of investing, just a hair left of the Gold advertisers.

    I own a small business, have been providing health care benefits to our employees for 5 years, and this year's costs only went up 5%, one of the lowest increases in my entire career experience, spanning oner 20 years. Benefits remained exactly the same. And we offer a cafeteria plan, enabling employees to choose from one of several different providers.

    Anyone would be an actual fool to believe this drivel.

  • Report this Comment On January 12, 2014, at 9:30 PM, trice wrote:

    Why are the American people letting this stand for Obama care.This is not Russia .Impeach him and let this retarted healthcare law be nonexisting. Obama does not have the Education it takes for such a law in the United States. We the people should have some say so since we were good enough to elect him. ( WELL I SURE DID NOT )

  • Report this Comment On January 12, 2014, at 9:40 PM, terriern wrote:

    I guess I will end up in prison eventually because I am not paying for this obamacare crap. It is unConstitutional and immoral. I have insurance and I don't need this scam insurance. How long before people are fed up enough to start marching on Washington? How much is too much? I have had it with the corruption and the anti-American agenda of the illegal president.

  • Report this Comment On January 12, 2014, at 9:41 PM, TuSpd wrote:

    I like my Obamacare. I finally got healthcare after several years without it. Max out of pocket of $1100 and only $131 per month. My son signed up and got his for $0 and no deductable (not medicaid).

  • Report this Comment On January 12, 2014, at 9:42 PM, stockdoc00 wrote:

    Everybody loses. Still not sure who really wins since even the cheap plans have such high deductibles, it's not really an improvement for most people who were uninsured and they will quickly realize that the are better off paying the fine and buy insurance later when they need it as they can't be turned away for pre-existing conditions.

    As a result, the ironically named Affordable Care Act, instead will accelerate health care costs. In the end, the government will have no choice but to "bail out" health care system with a single payor system.... which may have been the intent in the first place.

  • Report this Comment On January 12, 2014, at 9:53 PM, ScamuelJones wrote:

    It seems that President Obumma bin Lying has "dun bin lyin agin!"

  • Report this Comment On January 12, 2014, at 9:56 PM, antidemocrat1967 wrote:

    Lets not forget unions were given a pass on obamacare till 2017... Why? Because in the obamacare law everyone will have to be chipped with a RFID chip in order to get insurance or anything else. This chip is placed in the right hand OR forehead. The only way out of the chip is by paying $850 for a GLD card that will have the same info on it as the RFID chip.

  • Report this Comment On January 12, 2014, at 11:29 PM, CrazyDocAl wrote:

    Why is it that some people think that because they didn't see a large jump between 2013 to 2014 that Obamacare is not that bad. Insurers have had 4 years to continually raise their rates. Guess what, 2015 will be a big increase as the insurers will have the advantage of saying "young people didn't sign up so we need to charge more".

  • Report this Comment On January 13, 2014, at 12:02 AM, annorytaxpayer wrote:

    That's why I'm just going to pay the $95 fine and save from having to pay thousands through the whole year.

  • Report this Comment On January 13, 2014, at 12:14 AM, PictouGene wrote:

    I'm a retiree from an aerospace firm. My medical insurance is through the employer I retired from. My medical plan is as follows:

    I pay no premiums, have a $2000 year deductible. My yearly medical bills run around $500 a year, which is around $42 a month.

    For medications, I pay a co-pay, usually around 15% of the cost of the medication. But since I live in Canada, medication costs are about 1/3 of what they are in the US. A visit to a doctor's office is $40.

  • Report this Comment On January 13, 2014, at 12:40 AM, dwduke wrote:

    Why is it called Affordable Care Act? It is a Trogan Horse.

  • Report this Comment On January 13, 2014, at 12:40 AM, QuickDraw53 wrote:

    is sad to see some people that still believe in obamacare. within 5 years they will have everyone maxed out on what they are paying and it still won't be enough. i have seen the deductables go as high as 12,500. i also have seen the average go for around 6,,000 to 7,000 and this is just the beginning.dr's are already quiting. the rates will sky rocket. you will have to pay for all those taxes on dr's, equipment and anything else they can come up with. so enjoy your dreams of affordable healthcare while you can

  • Report this Comment On January 13, 2014, at 12:49 AM, tristinstone wrote:

    The American people need to come together, sign a petition, and repeal this un-godly TAX! This healthcare tax is going to bankrupt so many small companies, and Obama and his corrupt democratic followers dont give a chyt!

  • Report this Comment On January 13, 2014, at 12:53 AM, bobwhite9443 wrote:

    It should be obvious by now especially after the comments about higher deductibles and premiums: the creators of the ACA knew this scheme would be unacceptable once the details came out. They want the outcry and widespread complaints so they can come back with their single payer (socialized medicine) plan to "save the day". After facing the extreme costs of the ACA and ridiculously high deductibles which make people essentially self-insured until a major event, most people will jump for a National Health care system like Canada and the UK have. And that will be the end of the best Health Care the world has ever seen. Where will the Canadians go for their care now that we have the same health care they have?

  • Report this Comment On January 13, 2014, at 1:09 AM, cobranut wrote:

    This is so true.

    My employer was forced by obozocare to ELIMINATE the best two options in our plan, and the lower tier plan I have had it's premiums increased over 1,400%. Yep, I'm paying over 14 TIMES as much for my medical insurance than I did last year, and the coverage is WORSE, with higher deductible and out-of-pocket limits.


  • Report this Comment On January 13, 2014, at 1:24 AM, justin903 wrote:

    Well I guess I fall in the group that got double screwed

    Insurance up - Check

    Have to pay for everything unless I'm hit by a bus - Check

    Taxes up - Check

    My job doesn't give out raises because of bad economy even though we made money and made the goal for bonuses - Check

    Blame the economy for only paying out half the bonuses but state that other company's are in trouble and have that be the reasoning for paying out only half of the bonus - Check

  • Report this Comment On January 13, 2014, at 1:25 AM, Cardinals2525 wrote:

    Any solution by the Democrat Party is to increase the size of government bureaucracy and increase the size of our National Debt into oblivion. There are simple solutions to provide healthcare to the poor and end pre-existing condition issues but instead with have a 2,000 page law and 15,000 pages of regulations. For all the millions that will be spent on increasing the size of government, bureaucrat salaries, benefits and pension not to mention lawyers providing compliance 'help' and litigating parts of this enormous law and regs, we could just take the money instead and put it into a self insurance fund for the poor.

  • Report this Comment On January 13, 2014, at 1:29 AM, Cardinals2525 wrote:

    ...but then, how will people like our President and people like Al Gore, line their pockets with money from the middle class? Our President entered public office without money and will leave a multi, multi, multi, multi millionare...Al Gore is now worth over $200 million. Big Governement liberalism is a grift a con, no wonder these lying people have such contempt for American people. There are so many people that actually buy the lies they are selling.

  • Report this Comment On January 13, 2014, at 2:13 AM, johnestromjr wrote:

    "If you LIKE your plan you can keep it. If you LIKE your doctor you can KEEP your doctor"

    President Obama lied to us then and he continues to lie to us. But in less than eleven months we can send Obama and the Democrats a message. We haven't even begun to see the cost of ObamaCare. Wait until after the upcoming election - then their money-sucking fangs WILL be out.

    If you LIKE your lying Democrat senator you can KEEP your lying Democrat senator. If you LIKE your lying Democrat representative you can KEEP your lying Democrat representative. OR you can FIRE them. [same with ALL establishment Republicans who are little better than the lying Democrats]

  • Report this Comment On January 13, 2014, at 5:18 AM, Widowmaker6 wrote:

    yeah, only a fool would go to that website and put in their personal info

  • Report this Comment On January 13, 2014, at 6:37 AM, Delited2meetU wrote:

    It blows my mind how ill prepared this administration is for this their Crown Jewel, talk about something being rushed. It is unfair and most obviously fouled.

    Now this same admin will do a similar no huddle with immigration, which will likely pass for it will mean votes and all who want to continue to rape this country will pass it. It is high time we stop and recognize truly what consequences behold us before these bills are enacted, the affordable care act is rampant with unjust civil violations and the Supreme Court failed.

  • Report this Comment On January 13, 2014, at 6:55 AM, mike218 wrote:

    Although the insurance industry is reaping gains because of high deductibles and co pay now, the trend is disturbing. More and more these costs are leaving a large amount of unpaid bills. Obamacare is going to accelerate this by adding unpaid premiums and tax penalties. Then add in prescriptions costs and the cost will be unsustainable . Unless the insurance industry adopt policies to address this trend,it will find itself in the same point as the housing industry . The only difference is the congressional fix will cripple the private industry.

  • Report this Comment On January 13, 2014, at 8:05 AM, VROD2003 wrote:

    Always a hidden, we slipped it to you finding after the fact. This entire ACA aka obama care is a catastrophic night mare. It is incredibly expensive. We were better off before the dictatorship mandate took place. Government for the people, by the people, and voted for by the people. The monarchial dictatorship has no conscience. socialism to marxism. communism by way of a monarchial dictatorship is no more than enlightened despotism. The bread and circus act is not an answer. It is the down fall of our great society. We need new competent leadership that does not lie to us, or mislead us. HSA~Health Saving Account for every one. No Exceptions!

  • Report this Comment On January 13, 2014, at 8:07 AM, Dewman8810 wrote:

    Democrat policies all have one agenda. Tax the people who work hard and EARN their money, then give it to those who choose to be lazy and not work. Those are the people that vote democrat, so that's who they try to please. So IF you have a job and are happy to be a productive member of our country... then PLEASE STOP VOTING DEMOCRAT!!! If you are lazy, don't want to work, and still are upset that you don't have a piece of the pie... GET OVER IT!!! You have to earn you piece. If this country wants to keep the deficit down, they need to wake up and kick the welfare junkies off the government teat. We hard workers are sick of our hard earned money going to these lazy people. Why should some low-life slacker get money from the government for "food", when they are living large with expensive TV's, and other high end goods... yet the hard workers can't afford things like that because they have to actually pay for food. That's just wrong.

    Who does Obamacare help? DEMOCRAT SLACKERS. Who does Obamacare hurt?? Hard working Americans.

  • Report this Comment On January 13, 2014, at 8:50 AM, conerubi wrote:

    "Dhimmitude" is found in the new health care bill. So what does it mean? Obama used it in the health care bill . Now isn't this interesting? It is also included in the health care law.

    Dhimmitude . I had never heard the word until now, so I typed it into Google and started reading. Pretty interesting! It's on Page 107 of the Obama healthcare bill. I looked this up on Google and, yep, it is a REAL word.

    Dhimmitude is the Muslim system of controlling non-Muslin populations conquered through jihad (Holy War). Specifically, it is the TAXING of non-Muslims in exchange for tolerating their presenceAND as a coercive means of converting conquered remnants to Islam!

  • Report this Comment On January 13, 2014, at 9:05 AM, AllenElliott wrote:

    The affordable act better known as Obama care is not an insurance plan for your health. it is a redistribution act, th change the money from the poor to the rich and super rich

  • Report this Comment On January 13, 2014, at 9:09 AM, Bildog13 wrote:

    @ Keith Sprieghts please put down the obama crack pipe!!!! The only way the long term benefit for the American Tax payer is possible is after the tax payer is dead!!! Because then the tax payer will not have to pay the enormous socialist penalities!! in the real world called fines!!! All of which are illegal!!! And under the ACA death for the tax payer over the age of 45 and under the age 10 will be happening real soon because of what is written in the abortion of a law!! These people are not considered worth providing any care more than take a pill go home and best of luck! Read the law keith and please STOP spreading democrap propoganda!!! How much were you paid by obama and reid to write these lies Keith?????

  • Report this Comment On January 13, 2014, at 9:14 AM, tom1948 wrote:

    I agree with jimbobob07. Why is an investment newsletter focusing on issues other than investment?

    As an investor, I am interested that people may forgo newer technology such as robotic surgery when it costs more and does not provide improved results. Probably not something I want to invest in. Likewise, as an employee, I might not like that a company is pushing more costs to me, but as an investor, reducing the company's heathcare costs can improve global competitiveness and increase its stock price.

    Nothing new in this article. Shifting costs or eliminating companies plans has been going on and even escalating for years. Employer sponsored heathcare is , in my opinion, going the way of defined pensions. We as investors need to stop bashing the ACA and start focusing on what the continuing trend, probably long overdue, of divorcing companies from healthcare responsibities means to the economy and our long term investment strategies ..

    As an investor, I would rather the fool discuss companies that I could invest in that have technologies or practices that can cut the 1/6th of the GDP going to healthcare that hurts our global competitiveness rather than restate the obvious I agree that the ACA is a sour tasting lemon. From an investors standpoint, we can either keep complaining about the taste or turn it into profitable lemonade and make it work for benefit of investors and the overall population.

  • Report this Comment On January 13, 2014, at 9:47 AM, Scottilla wrote:

    Insurance companies have been looking for ways to increase premiums and reduce coverage for, what... EVER? Now Obamacare is passed, and while deductibles on some plans are limited, they are not limited on some other plans. Therefore, according to "experts," Obamacare is responsible for rising deductibles. HUH?

  • Report this Comment On January 13, 2014, at 9:48 AM, JePonce wrote:

    Obamacare has been sold to the citizens as humanitarian “giving” to the poor and “least fortunate among us.” Unfortunately, the uninformed and ignorant flock to that song like rats to the Pied Piper, and we all know what happened to the rats.

    Obamacare is about taking. About taking more of your earnings in taxes. About taking away your choice of how you spend the hard-earned fruits of your labor. About taking away your choice of an insurance policy purchased in the free market designed to meet your specific health requirements. About taking away your choice of doctors that are knowledgeable about your health, and that have treated you and your family for decades. About taking away your choice to live by the dictates of your religious conscience.

    When government takes away your choice, government takes away your freedom.

  • Report this Comment On January 13, 2014, at 9:56 AM, arcorsai wrote:

    " more competition at least in theory should result in lower medical costs"

    Not going to happen ass long as we can't buy insurance across state lines, With each state independently regulating their insurance ( regardless of Obamacare etc ) there isn't any pressure on insurers. And if you are unfortunate to live in a SunBelt state your are flooded with all the retirees ( read higher healthcare burden) that have to be insured and the cost of the insurance pool in SunBelt state increases. There should be at least a Portability clause/or requirement so these Seniors don't continue to overload the SunBelt states insurance market.

  • Report this Comment On January 13, 2014, at 10:39 AM, delwebs wrote:

    now that your president has screwed you big time,please vote republican,and get the monkey of your back,he loves screweing people white or black,the senate also goles along also,got to get the democrates out of washington

  • Report this Comment On January 13, 2014, at 10:55 AM, MrMoses wrote:

    I say we vote every Democrat and every republican out of office none of them have done anything good for any of us. This law is a joke I have to pay for insurance that I wont use and I wont even get any coverage unless I get cancer cuz my deductibles are 7 grand Thanx for nothing Obama. The best part is that my work cut my hours in half so they wouldn't have to offer health insurance This law is great if you make 100 grand a year but if you make 30 your screwed Im really thinking about moving out of this country its falling apart our government is up for the highest bidder

  • Report this Comment On January 13, 2014, at 11:19 AM, MsAbby wrote:

    I just closed the doors to my business 12/31/13. Tired for working and getting nothing but more taxes, more regulations and more infringement on my rights as an employer. My employees would have had to pay taxes on their health care because it was considered "cadillac", but I would have been paying much much more for the premiums.

    122 jobs lost and all the taxes and economic impact that goes with them. Until the government decides that I CREATE JOBS, not them, I will continue to stay retired and work for local charities to fill my time.

    The only winners here are those getting subsidized or free health care.

  • Report this Comment On January 13, 2014, at 11:20 AM, clloyd53 wrote:

    One of Obama"s favorite sayings is that America is one of the richest nations on earth. So he has targeted the pockets of working Americans. Confusing us with those that he rubs noses with.

  • Report this Comment On January 13, 2014, at 11:20 AM, MsAbby wrote:

    Delited2meetU - Ill prepared? They weren't ill prepared. Already Biden is talking about single payer. This was all orchestrated so that we would just fall in line AGAIN and give up more rights to the Federal Government and let them have our health care decisions.

  • Report this Comment On January 13, 2014, at 11:52 AM, harold43702 wrote:

    “To preserve our independence, we must not let our rulers load us with perpetual debt….I am for a government rigorously frugal and simple.” Thomas Jefferson

  • Report this Comment On January 13, 2014, at 12:00 PM, JustMe10 wrote:

    I would normally avoid posting yet another subjective response, particularly with so many already on the board, but I work for a very large company, the type of company that should be penalizing me and the hundreds of thousands of other employees who also work for my company according to this article, and my experience?

    My healthcare costs have gone down and the quality of my healthcare has gone up because our new plans focus on rewarding preventative efforts. One of my employees was severely obese and had extremely high blood pressure, was taking several medications and could not manage to control the issue, but he now credits the new incentives with helping him to get things under control, and the difference in his health is phenomenal.

    To be perfectly honest, I am normally very impressed with Motley Fool, but this article is a huge waste of time in my opinion. No facts. Just speculation regarding what *could* happen! and as I would expect, a lot of people are jumping on the "I hate Obamacare" bandwagon.

    So now I am wondering. Where was all of this righteous indignation regarding the status quo, which resulted in the most expensive healthcare in the world; the highest preventable death and infant and maternal mortality rates of any developed nation; ridiculously large upticks in personal bankruptcy; and a dearth of knowledge within the medical community regarding which treatments were most effective (versus simply more effective than a placebo)?

    I don't know what the net effect of the ACA will be, and I'm very sorry that some are being adversely affected, but to pretend that the status quo was a-okay simply doesn't cut it. Anyone can take potshots, but if you are inclined to do that, you should also be explaining how YOU would solve.

  • Report this Comment On January 13, 2014, at 12:38 PM, craig22369 wrote:

    This is a complete socialist program, I refuse to play. This is designed for one thing and one thing only, income redistribution. I'll roll the dice and go without insurance, pay the penalty if I have to, and hope for the best. Barring anything catastrophic I'll be money ahead, a lot of money ahead. As I understand it the "greedy, dirty, insurance companies" as Obama likes to refer to have a bailout waiting for them when they lose money and lose they will. The taxpayer will be on the hook to make the insurance companies profit margin. Their are NO winners. This socialist program is designed to benefit the poor but it will only make everyone poor. Socialism has driven millions into poverty, this is nothing new it has never and will never work. The only system that has ever raised millions out of poverty is capitalism with free markets. America and China are moving in opposite directions and the results are almost instantaneous. I am not a republican but no republican pushed this law. Democrats are solely responsible for this debacle and if it continues it will kill America.

  • Report this Comment On January 13, 2014, at 12:52 PM, fwe43 wrote:

    @jhillsbery he wrote quote "führer Obama strikes again."

    Another useless right wing comment. That's cute. But you might want to get a clue. Hitler didn't give two f#$@$ about insuring the populace. He did however inherit a universal healthcare system that was put in place in Germany in the 1800s. But this idea that Hitler was anything close to liberal is idiotic. Hitler busted unions and ended workers rights to collectively bargain. He was a nationalist that made "real Germans" angry at immigrants. There's only one political party in the U.S. that remotely resembles Hitler's party.

    @2smartforlibs wrote quote "liberal(s) didn't care they just heard free"

    If you want to have a real discussion great. But you're doing a disservice to your kind, right wingers by repeating such idiotic tripe.

    @ted074 wrote quote "obama is a far left liberal and any program that he invents is gonna cost taxpayers money. this the liberal way. steal from the hard working americans in order to give the people whom are lazy and don't wanna work free passes"

    Wonderful post here Ted, great way to fear monger. Very useful dialogue.

    And then you have user @Orlandca who posted a very long list of things are lies, myths and misrepresentations.

    This people, this is why we can't even have an adult conversation about the topic. Let's pretend everything was a-ok before the ACA. Let's pretend that healthcare bills weren't the number one cause of personal bankruptcy among the middle class. Let's pretend healthcare costs didn't double every decade before the ACA.

    Thanks a lot.

  • Report this Comment On January 13, 2014, at 1:02 PM, billbrasky1 wrote:

    Its stuff like this that really chaps my behind.

    None of the docs in surrounding 15 miles takes Obamacare. My old doc is right down the street, but wont accept it. She said it wouldnt cover her overhead, staff, etc.

    Lousy plan.

    Chaps my bottom, for sure.

  • Report this Comment On January 13, 2014, at 2:15 PM, cupera1 wrote:

    The new Obamacare taxes and fees for 2014 include; a 2 percent levy on every health plan, Insurers pay a 3.5 percent user fee, that is passed onto the policy holder, to sell medical plans on the Web site, and the 2.3 percent medical-device tax that will inflate the cost of items such as pacemakers, stents, condoms, breast implants, dentures, prosthetic limbs and any other medical device. Also, the employer paid portion of your health care plan is now counter as income on your 1040 in 2015

  • Report this Comment On January 13, 2014, at 2:27 PM, Jarda wrote:

    WOW, it is getting better and better.

    In this year election Democrats must answer meaning of "We Have to Pass the Bill So That You Can Find Out What Is In It" ...

  • Report this Comment On January 13, 2014, at 2:38 PM, MikeInMich wrote:

    Considering this is a financial site it is surprising that the author did not point out the one advantage of high deductible health care insurance - eligibility for HSA plans. If the deductible is high enough ($1250 single, $2500 family in 2014) then a federal taxpayer is eligible to contribute to a HSA. The HSA should be funded before your IRA. Like a Roth, the growth in the account is tax free. Like a traditional IRA, the contribution (up to $7550 for family over 55 years old; lower amounts for singles and younger people) is fully tax deductible. Seems too good to be true! The use of the money for health care can be deferred indefinitely, and you can save up your bills for future years. Personally, I invest mine in Vanguard stock funds via their affiliate HSAadministrators and plan to let it ride. I'm sure I'll find some health expenses to use it on when I'm older.

  • Report this Comment On January 13, 2014, at 2:52 PM, CatDadJohn wrote:

    Conservatives will gain credibility with me when they put forward a detailed plan about what they would do with health tired of all this whining from the Right and the Corporate Business Press.

  • Report this Comment On January 13, 2014, at 3:04 PM, candofeminist wrote:

    Motley forgot to mention that any subsidy received must be counted as income on your taxes. So Obamacare giveth with one hand and taketh away with the other.

  • Report this Comment On January 13, 2014, at 3:04 PM, Wheelz wrote:

    "Obamacare's Hidden Penalty That Could Wallop Your Wallet"

    Gotta love these anti-ACA articles from the "liberal media," filled with words like "could," "should," and "might." The truth is, barring repeal by a Republican-controlled Congress--including a veto-proof Senate majority--in 2014, or a Republican president in 2016, the law will not take full effect until 2020. Until then, no one knows what its end result will be, and these doom-and-gloom forecasts are just scare tactics.

  • Report this Comment On January 13, 2014, at 4:03 PM, floydhowardjr wrote:

    Democrats keep adding to the unemployed! By the time they are voted out only one in ten Americans will be employed! If you lose your job, your coverage, your doctor, your insurance BLAME a Democrat. Next time you go and vote...remember WHO did this to YOU! DEMOCRATS! People Not In Labor Force Soar To Record 91.8 Million!

  • Report this Comment On January 13, 2014, at 4:06 PM, crevallejack wrote:

    The premise of the article is flawed and most likely biased. The deductibles typical of ACA appear high to those of us with employer plans, but they are quite the usual, if not a bit lower, for individual plans, where people today often deal with $10K/year or more deductibles. Not only that, many of our employers use self-funded plans where an administrator like UHC, implements the employer's rules against an employee-funded plan, but where the actual underwriting is by the employees, not the insurer/administrator. There is not reason at all for deductibles in that case to change, except in response to healthcare costs, which are at this moment slowing their rate of increase. For most of us, only if we fail to stem the explosive tide of rising healthcare costs that has the US having the highest cost for one of the lowest standards of care in the world, will our actual cost for our employer plans keep going up.

  • Report this Comment On January 13, 2014, at 4:07 PM, RJB767 wrote:

    Bottom line, don't get sick.

  • Report this Comment On January 13, 2014, at 5:28 PM, artlong wrote:

    PPACA law was simple until dems tried to go bi-partisan. GOP add amendments with poison pills everywhere until it grew to 2700 pages. Time for a redo ?

  • Report this Comment On January 13, 2014, at 5:42 PM, jdbeaner wrote:

    The ACA has cost my family (in deductibles) $4,000. You can blame insurance companies for raising rates all you want, but to go from a $2,000/yr deductible to a $6,000/yr deductible is simply insane!! And we pay all first dollar costs, so until I spend $6,000 I don't see a dime in benefits from my plan. Thanks, Obama! Just disgusting.

  • Report this Comment On January 13, 2014, at 7:57 PM, bricke1 wrote:

    Just remember this Americans; we sold the Alaskan pipeline to the Japanese dirt cheep and send the oil to Japan to get refined just to be shipped back here so we have to buy it back at in inflated price Also understand that the Chinese own most of the country. so with that said... For just a dollar a day.... and add in restitution for all the countries we blew up and had to rebuild. Almost forgot Mars expeditions you would not be going on anytime soon, Why is this country broke? Our money is given away everyday! Keep our tax dollars here in America Damn it!

  • Report this Comment On January 13, 2014, at 11:50 PM, hercomio wrote:

    Reminder - the individual mandate is uninforcible by the irs.

  • Report this Comment On January 14, 2014, at 1:48 AM, foolfrank wrote:

    This ACA is one of the worst laws ever passed in America...this is just pathetic-what else could be said about it other than this is the biggest fraud committed againt the American people.

  • Report this Comment On January 14, 2014, at 7:18 AM, psychdude1 wrote:

    Had enough yet or do you still have hope that Progressives are looking out for you? Come November, when you step in the voting booth. Remember who put you in this mess.

  • Report this Comment On January 14, 2014, at 10:14 AM, iltbrst wrote:

    Massachusetts started the health care reform called Romneycare in 2006 and many modifications were made and yes you had to prove insurance when filing taxes. All new things and changes take time and it's obvious bashing either Democrats or Replublicans is ridiculous. My one job for example had so many changes aiming for the good but mostly frustrating to Employees didn't know if they were coming or going. Remember most of what you read is other people's views and also the one's who read to much into it. This social networking has gone to sh????t Those who say I make enough money can pay my own medical out of my own pocket don't need to pay for insurance shame on you. If you end up with a life threatening condition eventually loose your job you will loose everything wake up. I have seen people loose everything and denied healthcare after the fact because they wouldn't take pre-existing conditions. Crooks you say that is old news get over it.

  • Report this Comment On January 14, 2014, at 12:27 PM, TheRealRacc wrote:

    The real problem is that people voted to pass the law, and have never read the law.

    The secondary problem is, people have opinions on the law and have never read the law.

    How can anyone defend the ACA if they have no idea what is in the details and fine print?

    Goes both ways, how does anyone argue against the ACA without knowing what is in the details?

    I'll keep my head in the sand, and stay focused on my wealth. When things come to light, I will start to give credence to anybody's opinion. Until then, it is nothing but conjecture.

    Good luck fools.

  • Report this Comment On January 14, 2014, at 3:22 PM, franklin777 wrote:

    I believe if the phrase "liberal agenda" was deleted from this comment thread there wouldn't be much left to read. I'm going to briefly add my perspective to show that the ACA helps those of all varieties...not the just those looking for handouts.

    I am in my early 40's and make a six-figure salary. I typically spend and I have not been a money hoarder but I do have long term investments set up for retirement. I had health insurance and then an unfortunate series of events took place that left me without insurance and with a pre-existing condition. After this took place and prior to the ACA I changed my spending habits and became a hoarder because I knew I was living on the brink of bankruptcy and failure. If I had one serious medical issue I would be it too much debt to recover because, as a freelancer, I would have no salary and would be left with the medical debt.

    I guess the point is that the ACA is going to help out many different people in many different situations and it is not just those looking for a handout. I've worked harder than anyone I know to get to where I am and I want to continue with success. The ACA is going to give me the ability to take chances again...and isn't that the entrepreneurial way.

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Keith Speights

Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries.

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