ACA Not Fixed | What a Shock!
What to do now
Last Ditch Effort to Reach Healthcare Deal
Don’t hold your breath, I have read enough of the lowlights. There is a VERY LOW likelihood of the “deal” that the majority proposes. It doesn’t include an extension of the advance premium tax credits under the ACA for those above 150% of the Federal Poverty Level (FPL).
Deadline is December 15 at Midnight
This is the link to get free guidance. For the vast majority that don’t press the link, there are the bottom lines.
You need to cross the finish line by December 15th at midnight. You do NOT need to pay until December 31st. Your specific state may have different rules, so you need to check.
You can always change (next deadline will be January 15), just in case Congress does reach a deal. Yay: next year, the deadline is going to be December 15. The point of doing this now for January 1 is to buy you flexibility of time. Since you do not have to pay now, you can wait. This is another way of saying “don’t give away free options.”
It is faster and obviously more accurate with our guidance, an ACCURATE estimated income level is required, and it is far more nuanced than many believe. The problem this creates is that some people think health insurance is too expensive, when it could be cheaper. Others face the flip side of the coin, which is a tax violation. Best approach? I favor accuracy, but I am admittedly biased.
Please watch like and share this VERY BRIEF video on YouTube.
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The Problem Starts Here
The entire debate has the wrong starting point. The idea that we will be able to click our heels, and create the integrated solution? If we do not fix the UNDERLYING cost of healthcare (office visits, hospitalization, diagnostics), then we are spinning our wheels.
We can dispute whether or not the specific orange juice is good or bad (I prefer Tropicana, I don’t want the version with extra vitamins added in, and I like the pulp), but the underlying price is determined by the price of growing oranges and getting them to the production location.
Just because you don’t understand the difference among varieties (Minute Maid, Tropicana, Tropicana no sugar, Tropicana with multivitamins, there are dozens of variations), or that you over-confidently believe that you are qualified to choose what is best for you? That is not the orange farmer’s fault. That is our world now, we have unqualified people opining about orange juice, when it is doesn’t solve the problem, growing oranges is complicated stuff. It would be comical if it were not so damaging.
We don’t even have the right people at the table. Thanks to Art for having me, on a day’s notice, after Congress’ effort failed. I didn’t have time to edit out all of the commercials.
Extremists and Uninvited Preachers Preachers Convention
It gets even worse. We don’t need a priest and we don’t need those who want a lifetime pension via their political office, criticizing the orange farmers or Tropicana/MinuteMaid in scattershot fashion, hoping to hit a target that resonates with an uninformed public.
The issue is that opinions from every angle are just that, opinions. This newsletter is here to tell you that a LOT of opinions are wrapped in pretty wrapping paper, disguised as fact. Health insurance just happens to be the one in the headlines today.
Dr Choi, Professor Bai, I am looking at you, yes. To discard your undisputed academic accomplishments, in order to promote your private opinions, as if they fit the entire population that you have clearly never met, is a high-handedness that I reject with my every breath.
I have idea what it is to be a woman
I have no idea what it is like to live on Medicaid
I have no idea what it is like to have a pre-existing disease without cure.
Apparently, Dr Choi and Professor Bai have ordained themselves to be that for you. There is exactly ZERO PERCENT chance that I do that (I have my own flaws, thank you, but that won’t be one).
New Paid Subscribers: Thank You
Thank you for supporting my work. The reality is that the paid edition of this newsletter should be the entirety of my work. We have misunderstandings of pretty much every single financial contract. I have to force myself to shut off social media and YouTube, it is completely exhausting and disheartening.
Then, my friend, a smart woman I have known for a decade, gets her ACA after a worrying health development. AND, her adult daughter gets her ACA for $0. The light has turned on. I get to sleep a little better (it’s all about me, yanno, haha).
Onwards, my very short explanation of why there needs to be a paywall is here.