HEALTHCARE – POLICY

PLEASE DOWNLOAD OUR BOOK ON THE HOME PAGE TO LEARN MORE Since we advocate that all Healthcare issues be passed to state jurisdiction, the following is advice to states. With all the news about Obamacare, it is not surprising that many people forget the difference between Obamacare and healthcare. Obamacare is a law that forces people to obtain health insurance; it has little to do with healthcare. Most of the world does not have health insurance, but they still have healthcare. Most of the richer nations of the world have a socialist style (government supplied) universal healthcare while in poorer nations of the world, the citizens pay by cash. Only in America would politicians put up such a fuss over how healthcare is paid and not the quality of that healthcare. Basically a health insurance policy is nothing more than a very large bank account that you share with a group of people and you and your employer pay into over a period of time. If you require healthcare and utilize your healthcare insurance, eventually you, your employer, and fellow members in your insurance group will pay approximately 118.4% for that healthcare. The extra 18.4% is the overhead and profit to the health insurance provider to take care of all of the paperwork and money flow. We could assume that the doctor’s office also adds an extra 18.4% cost to fill out the insurance re-imbursement forms and other administrated procedures that it wouldn’t have if everyone paid by cash or credit card. Multiplied together, we could assume that the cost of using insurance versus cash adds at least 40.4% more to healthcare. WE SAY: Healthcare Savings Accounts (HSA) offer the middleclass a chance of receiving the same insurance benefits that the wealthy have. A HSA (which converts into an Individual Retirement Account when you reach 65) will provide an incentive to stay healthy. The wealthy don’t have burial, optical, and dental insurance policies because they already have sufficient money in the bank for those expenses. The wealthy carry high deductibles on their cars and healthcare, because they already have sufficient money in the bank. Wouldn’t it be nice for our lower-middleclass to accumulate money in a HSA when they are young so they don’t have to drop their hard earned money down the proverbial insurance hole for these policies all their lives? WE SAY: Employees should be able to request their employers provide them with a HSA instead of company contributing health, dental, optical, short-term disability, accidental, and burial insurance policies. WE SAY: The HSA would provide employees with an incentive to seek the lowest cost healthcare provider and obtain a healthy lifestyle. WE SAY: Change the maximum yearly contribution to the HSA to $25,000 per year per employee and allow the employee to use the HSA for ANY medical and burial, (and automotive accident expense up to $5,000); it’s their money, if they don’t want to save it for retirement, that’s their business. WE SAY: You should only need to pay a deductible one time for a serious illness or injury lasting several years (such as ALS cancer, and Alzheimer’s disease to name a few) before insurance covers all care for that specific illness. ObamaCare vs USAParty VHD Cost Comparison If you spend $5,000 per year on healthcare (not premiums), the cost of Obamacare gold and silver plans are extremely expensive compare to bronze and the USA PARTY’s Very High Deductible plans we are advocating. A 30 year male with a family of 4 would spend:

• $12,014.40 on the Gold plan of which $3,600 is paid with taxable dollars,
• $11,423.60 on the Silver plan of which $5,000 is paid with taxable dollars,
• $ 8,882.96 on the Bronze plan of which $5,000 is paid with taxable dollars, and
• $ 7,732.04 on the USA Party plan with a Very High Deductible (all pre-tax dollars!).

You must have $9,282.36 in healthcare expenses (not premiums!) each year for a Gold plan to be cheaper than the VHD plan for a 30 year old with a family of 4. In almost all cases, the USA Party VHD plan is the cheapest, except when the healthcare expense is less than $1,745 per year on a 22 year old single male in which Obamacare Gold wins. We don’t advocate the VHD for a healthy 22 year old single person. THEY SAY: “Everyone must obtain healthcare…all healthcare plans must include these 10 “essential benefits”…employers must cover pregnancy prevention in company plans…Catastrophic insurance is only for young people.” WE SAY: “Give the American citizen the freedom to choose which benefits (if any) he wants in his insurance policy.” WE SAY: “Allow American citizens the freedom to choose a Catastrophic Insurance policy with a Very High deductible that is combined with a HSA. If the citizen uses the money in their HSA on these 10 essential benefits and pregnancy prevention, what business is it of the federal government?” OBAMACARE – WE SAY: “Traditional Health Insurance is nothing more than a bank account shared with a lot of people and if some of those people are not contributing (or receiving government subsidized healthcare) as in Obamacare, then everybody else must contribute more”. If a state thinks it is important for everyone to have preventative and wellness doctor visits then it should offer those services for free to everyone via expanded state health departments, but the government shouldn’t demand that we include those benefits on our catastrophic insurance policies. WE SAY: “State governments know how to best provide for their working poor, either through expanded state health departments, the traveling paramedic program, or subsidized health insurance among many other examples. The last thing we want is the Federal Governments’ involvement with its one-size-fits-all health insurance program of Obamacare!” WE SAY: “The USA Party’s plan of emphasizing a cash-base healthcare will benefit the working poor by providing an informative system on the costs of healthcare services by different providers (e.g, http://hospitalbuddy.com) while providing those services 18.3% cheaper than an insurance-based system.” POLITICALLY SPEAKING Young voters overwhelmingly voted for Obama over his Republican candidates in the last two elections; he repays their faith in him via Obamacare where they must now pay higher health insurance premiums in order to subsidized the unhealthy…