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- Manlobbi
Personal Finance Topics / Retirement Investing
No. of Recommendations: 1
Years ago I had private health insurance when I was self employed, but eventually got denied because of a preexisting condition. ACA showed up just in time for me to get reasonably priced insurance, otherwise I would’ve had to get insurance through the state’s high risk pool, which seemed insanely priced at the time.
I’m using COBRA from my last job, but ACA was to be my safety net for insurance until I qualify for Medicare, which is still years away. However, with the election results and the winning party’s desire to do away with ACA, now I’m wondering what my options are.
Anyone else in the same boat?
No. of Recommendations: 3
Anyone else in the same boat?
Yes. The repeal effort failed in 2017. It was gut-wrenching to watch.
This time, who knows? Nothing Trump has said can be trusted. Vance and Johnson both expressed a desire for another go at it, and I expect they will try.
The alternative will likely have lower or no subsidies but much higher HSA limits. More of a pay to play idea. For my family, as long as we can buy catastrophic insurance and pay insurance company rates (or less) for service, I think we'll be OK. Many others, not so much.
No. of Recommendations: 3
I think it's best to go with Ken Fisher's take on politics:
Ignore it. What will come will come. There is nothing you can do about it anyway.
No. of Recommendations: 4
I suspect there won't be much support for repeal. Voters like it. Any talk of repeal will generate an excrement storm. Just like when they mention cutting SS or Medicare...the knives come out, and the politicians back-down. Except maybe the most rabid among them.
I think this has become a third rail. Perhaps not as bad as SS or Medicare, but touching it would be a bad idea unless you're in a very safe district.
The convict won't care, of course. But it would first have to get past a bunch of congress-slime that wouldn't want to touch it for fear of losing their jobs.
No. of Recommendations: 1
There are a lot bigger fish to fry.
Couple of days ago I emailed my kid, who is a poll watcher, asking if he was voting for the nazzi or the empty suit. No response yet.
