Sunday, June 28, 2015

Homeless Can't Afford Obamacare Deductibles





The ultimate goal of Obamacare is to get as many people insured as possible, no matter how worthless the policy maybe, by that I mean paying for care that don’t pertain to your needs and having outrageous deductibles.  What a scam.  But this is nothing compared to the latest outrage.  Homeless people are being taken advantage of by insurance companies and predatory agents looking for a quick buck.

Here is an excerpt from the Charlotte Observer:


Normally, the Carolinas’ most impoverished residents don’t qualify for help under the Affordable Care Act. In states that didn’t expand Medicaid, as the act intended, people who fall below the federal poverty line get nothing while those who earn just above $11,700 can get hundreds of dollars a month in federal aid.

Kennedy, 43, a tax accountant turned insurance agent, says he found a legal, risk-free way to work around that. He encourages the homeless to estimate income from barter, panhandling and “street hustling” at $11,700 a year, which, he says, can get the federal government to foot the entire bill for high-deductible insurance. It’s not ideal, he says, but it’s better than having no insurance.

“What I have done, and what I make no apology for, is to work diligently to inform low-income individuals about their rights under the ACA and to help those who qualify obtain the health insurance for which they are eligible,” Kennedy said.

The CoventryOne plans Kennedy sold cost the federal government between about $2,500 and more than $7,000 a year, depending on the customer’s age and smoking status. Those payments go directly to the insurance company, which is owned by Aetna, and Kennedy gets a monthly commission on each policy. Kennedy and Aetna declined to say how much that commission is, but two agents familiar with Aetna’s commissions say it’s about $15 a month. For 600 policies, that would come to $9,000 a month.

What’s wrong with that?  At least they’re insured, right?  Who cares if they can't afford the deductibles.  Who can?  Why should the homeless get special treatment.

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