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How does the Affordable Care Act affect you?

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Renowned economist, Dave Ramsey, warns about the true ‘math’ of Obamacare and how it will directly affect you. Ramsey shares that no matter your political stance, you are not exempt from doing the math yourself. “You have to pull your head far enough out of your politics to actually have an original thought,” he says.

Ramsey suggests you drop all of your political views and pre-programmed thoughts on Obamacare and simply do the math. He explains that as of January 1st, every health insurance company in America is required to take anyone as a customer, regardless of how ill they are, without charging them more than someone who is perfectly healthy. He says that it’s great for those who need health insurance, but it does not change the math. “Those people get sick more often and run up more medical bills than someone who’s healthy. Duh,” he says. He goes on to say that those people now have to be covered by the same company that you’re covered by and the insurance company is required to take them. The amount of money that the insurance company was paying to the medical community is going to go way up. What they pay out per person is how your premium is determined, plus profit.

Ramsey explains that you are going to pay higher premiums to keep the insurance company open, because they now have to cover people that they did not have to cover before; sick people. “Now it’s a nice moral imperative, but it doesn’t change the math. So translation is, your health insurance premiums are going to go way up. They have to,” Ramsey says. He goes on to break down what this might mean for your insurance, your job, and the company you work for.

This video is a must watch for any American, because whether you like it or not, it does affect you.

Added: Oct-10-2013 Occurred On: Oct-10-2013
By: Yukon6400
Tags: Dave Ramsey, ObamaCare, Affordable Care Act, Math, Communism, Socialism
Location: United States (load item map)
Views: 3151 | Comments: 229 | Votes: 11 | Favorites: 6 | Shared: 0 | Updates: 0 | Times used in channels: 2
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