Morning Reads — Thursday, October 17, 2013

On this day in 1989, a 7.1 Richter magnitude earthquake rattled San Francisco during the San Francisco Giants – Oakland Athletics World Series game. Also on this day in 1989, my mom told my dad to find a new job because she didn’t want to live with the San Francisco shakes anymore. #AtlantaMigrants

Peaches

Jimmy Carter

Sweet Tea

Liberty Drum

That concludes the Morning Reads that are in fact better than Ed’s.

 

29 comments

  1. Ed says:

    Yo, Jess. I give you points for giving this the ole’ college try and all but… they’re at best the second-greatest MRs of the week.

  2. saltycracker says:

    Obamacare signups:
    Do the math and draw your own conclusions
    IMO healthcare coverage responsibilities will shift from employer to employee as costs rise to satisfy legislative winners, losers and mismanagement/fraud in government run programs.

    $304 mo. for the avg. cheapest plan with high deductibles
    $95 (or 1%) is the 2014 penalty for not getting insured

    First report is on 2014 tax filing in 2015
    Penalty deducted from any tax refund due

    http://www.wugatv.org/index.php?option=com_content&id=53441:obamacare-plan-will-cost-georgians-304-monthly-&Itemid=141

    http://www.savingtoinvest.com/2013/09/will-i-have-to-pay-a-tax-penalty-under-obamacare-new-health-care-law.html

    • caroline says:

      One of the main problems with Obamacare is it relies on the current business model that insurance companies use. It was always going to be cheaper to take the fine than to actually have insurance.

  3. CJBear71 says:

    The penalty for not purchasing healthcare is NOT $95. It’s $95 OR 1% of income whichever is greater.

    If you earn $50,000 per year, your penalty is $500.
    In 2015, it goes up to $1,000.
    In 2016, it goes up to $1,250.

    At $1,250 (about $105 per month), you would probably be better paying for the lowest bronze. It would probably be less than a $40-$60 a month difference (I think the lowest Bronze plan in GA is about $165 a month), and for that you would guarantee your out of pocket maximums from any health emergency would be limited to $6,350 per adult (as opposed to unlimited without insurance).

    With the subsidies that are available to low income persons, they really set this smart. Are there a few persons who would actually save money by not buying health insurance? Sure, but it will be about a few hundred dollars, not thousands. And you had better stay 100% healthy that year.

    • saltycracker says:

      1. The penalty (or 1%) and link with the details were posted correctly.
      2. “…..set this smart” , odds are, in this category, there will be more stupid people.

      At this point the signup level is conjecture.

    • drjay says:

      yeah but if you are “poor” and have a 6350 dollar deductable, you are essentially uninsured. $500 for an er visit might as well be 5million if you don’t have it…

      • caroline says:

        This is true but the thing is someone without insurance going to the ER could run up several thousand dollars in costs that would be shifted over to the insured population. So it’s better terms of solving the cost shifting problem that has been going on since the 80’s. but yes, it does not completely solve the problem.

  4. saltycracker says:

    HEY ! ….. the GOP won an agreement that the Feds would verify income before allowing Obamacare subsidies – they will be trained by previously unemployed mortgage processors.

  5. xdog says:

    If I wore a hat I’d tip it this morning to Mitch McConnell for his role in brokering a deal shutting down the tp shutdown. He’s done his part to start serious pushback against his party’s nihilists, and I salute him.

    I don’t have much use for McConnell’s politics but there’s no denying that he can walk the walk, unlike so many in his party. He’s one of few who have acted like a man of substance rather than a demented child during the recent political and economic debacle. That’s especially courageous since he’s battling a tough tp primary challenge.

    I look forward to the day when he’s on the stump and responds to the latest attack ad from Heritage by saying something like ‘If Jim DeMint thinks he knows better than the good people of Kentucky then he should come down here and get on the ballot instead of cashing checks and buying airtime in Lexington.’

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