Comedy Gold
- Pam Kehaly, president of Anthem Blue Cross in California, said she received a recent letter from a young woman complaining about a 50% rate hike related to the healthcare law.
"She said, 'I was all for Obamacare until I found out I was paying for it,'" Kehaly said.
This after California health care companies announced that they are canceling the policies for over 279,000 people and that number may rise to over 500,000 shortly.
If only someone had been there to warn everyone about what was coming, you know, to be the adult and point out the shoddy accounting and economic impossibilities of this entire disaster.
If only someone had been there to warn everyone about what was coming, you know, to be the adult and point out the shoddy accounting and economic impossibilities of this entire disaster.
Labels: national politics
posted by SCC at 12:03 AM
69 Comments:
These scare tactic news reports about huge heakth insurance premium increases are on the same par as Stupidintendant McCarthy and Msyor Princesses crime rate statistics manipulation: they are almost 100% without basis.
The cancellations and large increases are coming primarily from the cancellation and/or replacements of "junk policies" which provided little to no coverage in the first place.
They are also comibg from the manditory replacement of policies which do not oeovide the now nandated coverages - which is why they were so cheap to begin with.,
Consumer Reports has an excellent and completely anonymous tool, located at: https://www.healthlawhelper.org/, which can help determine what, if any, changes will be required to any current insurance.
They also have some great tools to help those eligible for Medicare determine when to add or modify their coveragecto get the best venefits at the lowest cost - without penalty, because not taking parys of Medicare coverages at thexright tine can incur some costly and permanent surcharges.
No system is perfect, but the Affordibke Healthcare Act will, if allowed, truly level both the benefits provided by the policies and the costs charged.
In many cases, while the actual pilicy charges may be higher, they will so significantly offset by lowered or eliminated copay costs as to actually provide an overall lower annual cost of insurance.
Additionally, all policies will have the same base of benefits included in the packages.
It's high time the liberal boomers grew up.
Obama care is the cure for a demographic collapse and the end of the social security ponzi scheme.
The music will soon stop and many will find themselves without a seat, probably for the first time in their lives.
This generation enjoyed the best this country had to offer. ....their end will be a stark contrast.
What really, really pisses me off is the thought of all the money the G is going to throw at this law in order to "fix" it.
It'll be the same, shitty patchwork of conflicting law that Social Security and VA health coverage are.
Ms. Pelosi, you've got to READ it to see what's in it.
rb
Long before the "Affordable" Health Care Act became law, there was a popular bumper sticker that read;
"If you think health care is expensive now, just wait until it's free"
Prophetic.
SCC, regardless of what happens with healthcare, I self medicate and take large doses of your blog several times daily.
And I intend to keep MY plan.
"Before the Affordable Care Act became law in 2010, President Obama promised Americans they could keep their healthcare plan if they liked it. But already hundreds of thousands of citizens are receiving notification that their plans are being cancelled because they don't comply with the new law, and, according to NBC News, the Obama administration has known for at least three years the cancellations were coming."
(http://investigations.nbcnews.com/_news/2013/10/29/21222195-obama-administration-knew-millions-could-not-keep-their-health-insurance?lite)
Ahh, but people did point the way and warn of the disaster. They were damned by the media and demonized by the administration and democrats. We are getting fundamental change, as promised, but nothing else as promised. We were lied to and no one cares.
Well I am also for NATO protests but did we have to have so much security? I also think people like Critical Mass should be able to ride bikes , I just wish the police didn't have to ride with them.
Maybe if they had just read it first!
It is redistribution of the wealth plain and simple. If you don't get that you are a fool or so partisan you are blind.
Rahm is canceling the insurance of many retirees and forcing them into Obamacare as well - they too will pay much much more.
Rahm's voting supporters keep diminishing.
10/29/2013 12:22:00 AM
You sir are a true believer. I believe that the private free marketplace can better solve our problems. If the law is so great and so wonderful, then why are we forced/mandated into it? If the law is so wonderful then why are members of Congress exempt from it and get a subsidy to choose their plans? If you have to pay $6900 for your plan, you have to pay for it. But members of Congress get a subsidy to pay for their plan. People like you will never learn.
Welcome to the 52% of us who actually pay federal income tax to support the 48% Pam.
Hey 12:22 AM
you appear to be drunk as well as ill-informed.
I am a retiree and Blue Cross and Blue Shield has raised my health care premium significantly
So GFY
10/29/2013 12:22:00 AM
Can you please repost in English?
Typical California icky girl attitude.
No keeses for her.
10/29/2013 12:22:00 AM
The first post is most likely a paid troll. Comments like that are showing up on other blogs and websites,when obamacare is discussed.
There is no basis in reality in that comment. Across the board people are having their policies cancelled because they don't comply with the new federal standard. More policies have been cancelled than bought on the exchanges. People's premiums and deductibles are dramatically increasing.
Right now we are insulated from the increases, because the employer mandate was delayed a year. Know this, our healthcare will rise next year when the delay expires.
I beg to differ with the first commenter. My policy was cancelled as non-compliant. It was not a "junk" policy. I had a comprehensive catastrophic plan with a high deductible THAT I CHOSE.
As a result of Obamacare, I am looking at a minimum 30 percent increase for additional coverage I neither want nor need.
So drink your kool-aid and go back to your mommy's basement.
Anonymous said...
These scare tactic news reports about huge health insurance premium increases are on the same par as Stupidintendant McCarthy and Mayor Princesses crime rate statistics manipulation: they are almost 100% without basis.......
-----------------------------------
Without basis !?!?!?!
You Sir, are one clueless dolt.
Healthcare premiums ARE going up BIG TIME. Our Blue Cross Blue Shield PPO premium for wife and I is going up $1,000 a year for next year(that we have to pick up). We just got the package options and their pricings.
It is the same coverage we have this year - only it is MORE expensive. (our part of the monthly premiums were already over $425 a month this year)
What do YOU pay monthly for healthcare coverage?
If you get your healthcare/ medical coverage picked up by the city and only pay some minimal monthly fee be thankful. Be VERY thankful because it is a LOT of money for premiums for decent coverage.
You have no clue on what you are talking about - all I know is my rate is going up substantially for good coverage.
Why? Because someone has to pick up the slack for everyone that they want to put on "free" healthcare. Nothing is free.
AND - - our "average" healthcare costs are not going down $2500 a year as was promised at the beginning of this great healthcare fiasco.
SO get some facts before spewing BS on this blog.
The affordable healthcare is another nail in the coffin for America. Add to that everyone on welfare, food stamps and totally dependendant on the government.Soon the worker bees will be overwhelmed and the Commissars of the politburo will take over. Welcome to Socialism you dumb f-in Democommies.
I can't wait till this country is ran by a monarchy.
"The cancellations and large increases are coming primarily from the cancellation and/or replacements of "junk policies" which provided little to no coverage in the first place."
Baloney sausage.
Your so-called "junk" policies are what the previously insured had deliberately chosen in order to minimize their premium costs. These include such plans as catastrophic only coverage and high deductible plans.
Now those with canceled individual plans will be forced onto the exchanges to buy more insurance than they need or can afford.
To paraphrase a certain political mantra, they didn't get healthy on their own; it was the government that did that. So now they must pay.
Anonymous said...
These scare tactic news reports about huge heakth insurance premium increases are on the same par as Stupidintendant McCarthy and Msyor Princesses crime rate statistics manipulation: they are almost 100% without basis.
The cancellations and large increases are coming primarily from the cancellation and/or replacements of "junk policies" which provided little to no coverage in the first place.
They are also comibg from the manditory replacement of policies which do not oeovide the now nandated coverages - which is why they were so cheap to begin with.,
Consumer Reports has an excellent and completely anonymous tool, located at: https://www.healthlawhelper.org/, which can help determine what, if any, changes will be required to any current insurance.
They also have some great tools to help those eligible for Medicare determine when to add or modify their coveragecto get the best venefits at the lowest cost - without penalty, because not taking parys of Medicare coverages at thexright tine can incur some costly and permanent surcharges.
No system is perfect, but the Affordibke Healthcare Act will, if allowed, truly level both the benefits provided by the policies and the costs charged.
In many cases, while the actual pilicy charges may be higher, they will so significantly offset by lowered or eliminated copay costs as to actually provide an overall lower annual cost of insurance.
Additionally, all policies will have the same base of benefits included in th
Wow you really have taken the koolaid! You libtards won't stop until gubbnant takes over everything! You are disgusting! take Obama's cock out of your mouth for one second this law is bullshit!
Liberals suck....nuff said!
The 12:22am poster is full of shit. My wife and I buy our own insurance for $1000 per month. We both got cancellation letters. We are going to be forced into another plan at even higher cost. We are healthy and never meet our deductable with less than $200 in health care per year. The cancellation letters came from BCBS and United Healthcare, hardly crap plans, just higher deductable and out of pocket max. We go from a plan that we like but is barely affordable to something we hate or can't afford. Thanks a lot Barry and crew. I say no waivers, no delays. If it's rammed up my ass it should be the same for everybody, especially those fukking politicians.
Barack Obama: America's flim-flam man.
Wow! the commenter at 12:22 am is so drunk, his slurred speech is apparent in his (or her) typing.
In many cases, while the actual pilicy charges may be higher, they will so significantly offset by lowered or eliminated copay costs as to actually provide an overall lower annual cost of insurance.
Additionally, all policies will have the same base of benefits included in the packages.
10/29/2013 12:22:00 AM
All that so called knowledge and you can't spell for shit.
The ACA is actually DESIGNED to fail. Not only will it collapse because it is a completely unworkable program, it will also set the stage for a complete government takeover of the entire US healthcare industry, which has been BO's real objective all along. Saul Alinksy must be having a wet dream by now.
http://communities.washingtontimes.com/neighborhood/time-choosing/2013/oct/25/obama-has-failed-designing-system-was-intended-fai/
If the ACA web site is having this much trouble processing an APPLICATION, can you imagine what it is going to be like when it comes time to get paid on a CLAIM?
Just sayin'.
What people forget about, and this may be the white elephant in the room, is that health insurance is not about providing health care, it's about making a profit.
The reason a business exists is to make money, not to give it away.
Anonymous said...
These scare tactic news reports about huge heakth insurance premium increases are on the same par as Stupidintendant McCarthy and Msyor Princesses crime rate statistics manipulation: they are almost 100% without basis.
The cancellations and large increases are coming primarily from the cancellation and/or replacements of "junk policies" which provided little to no coverage in the first place.
They are also comibg from the manditory replacement of policies which do not oeovide the now nandated coverages - which is why they were so cheap to begin with.,
Consumer Reports has an excellent and completely anonymous tool, located at: https://www.healthlawhelper.org/, which can help determine what, if any, changes will be required to any current insurance.
They also have some great tools to help those eligible for Medicare determine when to add or modify their coveragecto get the best venefits at the lowest cost - without penalty, because not taking parys of Medicare coverages at thexright tine can incur some costly and permanent surcharges.
No system is perfect, but the Affordibke Healthcare Act will, if allowed, truly level both the benefits provided by the policies and the costs charged.
In many cases, while the actual pilicy charges may be higher, they will so significantly offset by lowered or eliminated copay costs as to actually provide an overall lower annual cost of insurance.
Additionally, all policies will have the same base of benefits included in the packages.
Please try and clean the keyboard from your mothers computer that your using, it must be gummed up from all the kool-aid you've spilled on it. How about a $10,000 dollar deductible for a husband and wife age 60, that's your idea of affordable huh?
Goof
Just for fun I used the consumer reports tool. My premium would be 6400/year with $11.000 out of pocket expenses. Quite affordable.
what is it going to take for others to realize we were blatantly lied to?
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Anonymous said...
These scare tactic news reports about huge heakth insurance premium increases are on the same par as Stupidintendant McCarthy and Msyor Princesses crime rate statistics manipulation: they are almost 100% without basis.
The cancellations and large increases are coming primarily from the cancellation and/or replacements of "junk policies" which provided little to no coverage in the first place.
They are also comibg from the manditory replacement of policies which do not oeovide the now nandated coverages - which is why they were so cheap to begin with.,
Consumer Reports has an excellent and completely anonymous tool, located at: https://www.healthlawhelper.org/, which can help determine what, if any, changes will be required to any current insurance.
They also have some great tools to help those eligible for Medicare determine when to add or modify their coveragecto get the best venefits at the lowest cost - without penalty, because not taking parys of Medicare coverages at thexright tine can incur some costly and permanent surcharges.
No system is perfect, but the Affordibke Healthcare Act will, if allowed, truly level both the benefits provided by the policies and the costs charged.
In many cases, while the actual pilicy charges may be higher, they will so significantly offset by lowered or eliminated copay costs as to actually provide an overall lower annual cost of insurance.
Additionally, all policies will have the same base of benefits included in the packages.
10/29/2013 12:22:00 AM
You started off intelligently but all the misspelling really made the entire comment unbelievable! Troll!
12.22 am,,,,and I quote the huckster who is sitting in the Oval Office right now: "If you like your coverage, you get to keep your coverage" He knew it was bullshit then--He is a lying cocksucker (with apologies extended to cocksuckers)
Pelosi was very prophetic with her "we'll just have to pass it to see what is in it" regarding the ACA. What a true piece of shit---ask what happened with the minimum wage in Guam? You'll find out she railroaded an exemption to the minimum wage there that greatly benefitted Star Kist....her husband's biggest client.
You and the other Obama-tons keep defending this guy like a junkie's mother who keeps making excuses for her kid's actions.
Even the hard core lefties are beginning to see through his bullshit.
Nothing is free, somebody has to pay for it somehow---that is one thing you blind to the reality types have yet to realize.
More and more Ted Cruz is being proven to be correct---you think 2010 was a disaster for the Democrats, just wait until 2014.
The Affordable Care Act is the most mis-named piece of legislation ever passed by the Congress. More and more people are GETTING FUCKED EVERY DAY by it.
the 2012 elections will be a bloodbath to the Democratic Party,,,,more and more on a daily basis people are realizing that they are just full of shit.
It took a Jimmy Carter to produce a Ronald Reagan,,,,Ted Cruz for President in 2016
No system is perfect, but the Affordibke (sic) Healthcare Act will, if allowed, truly level both the benefits provided by the policies and the costs charged."
Correct to the extent that all costs will rise and all benefits will fall. Equality isn't the same as fairness
Who did these liberals think was going to pay for it? I can't believe how stupid some voters are.
@ 10/29/2013 12:22:00 AM
Another fucking shill heard from!
Ok Mr. Know-It-All, answer this question. If Obamacare is sooooo fucking good, how come every swinging dick/dangling tit in D.C. who co-signed this fucking nightmare exempted themselves out of it after sticking it up everybody else's ass and breaking it off at the fat end?
Get the fuck out of here peddling your propaganda bullshit.
These rotten motherfuckers sold the American people a bill of goods.
If Obamacare is sooooo fucking good, how come these assholes tasked IRS as the enforcement arm to insure that the middle class taxpayers don't get away with saying "fuck this noise" and devoting their few spare nickels to trying to stay the fuck out of the poor-house?
This shit is nothing but the first step in the Great Money Grab...
>Boom! Gotcho Money!<
(No wonder Rahm was kissing the MN Attorney General's ass not to snatch the covers off Accretive... He's vested/invested with them.)
The scare tactics news reports ain't got shit on the media studiously looking the other way when this fiasco was being ass-fucked into existence.
It's a fucking fly-blown, mushroom encrusted turd... no matter how you spritz it, spray it, dress it up or study it to find the clean end by which to pick it up...
The rest of America is getting closely acquainted with what the awake and aware few in Chicago have known for years...
Too late America... We tried to warn you about these motherfuckers!
Heh... Funny Shit!
Ol' Sparkle-Farts has GOT to be feeling heated and a little salty over being Jerry Springer'ed about this health care Frankenstein.
>You ARE the FATHER of this ugly fuckin' baby!<
-DAYUM!-
"Hee-Hee... Goo-Goooo!"
>FART!<
Ugh! Aiieee! Malordor! My GAWD!
Scream! Dafuckizdatsmell? Who tracked sum dawgshit up in heah?
Mercy! Pee-Yoook! Y'all jest naysty!
Hey Sparkle-Farts!
Your ugly baby needs changing...
Who's gonna give it the tit when it gets hungry?
Just wait until this big ugly mofo starts walking, talking and shitting like a natural man...
Egad... This country is so screwed...
Obamacare doesn't even offer contraception to those getting fucked by the government.
The affordable healthcare is another nail in the coffin for America. Add to that everyone on welfare, food stamps and totally dependant on the government.Soon the worker bees will be overwhelmed and the Commissars of the politburo will take over. Welcome to Socialism you dumb f-in Democommies.
10/29/2013 07:41:00 AM
amen, brother, you hit it right on the head
I am sooo happy that 68 year old Sen. Dick Durbin doesn't have to sign up for Obama-Care and buy 'Maternity Insurance' for his 67 Year old wife. Dick certainly knows how to take care of the business.
I'm one of those recent retirees who is going to get stuck with Obamacare. Thank God the wife is still working, I'll just go on her insurance and actually have some decent coverage. She doesn't want to work forever though...and shouldn't have to just so the government can turn us into a socialist state...
I work as a hospital based rn with a bcbs plan. Had a sit down the the head of HR last week and things are changing with insurance. currently we have a $300 deductible with a out of pocket max of $2k. in network 10% and copay for visits and drugs
it's considered a cadillac plan so in order to avoid the 10k tax starting in 2018 for per covered person they are stepping down coverage every year till 2018.
next year $250 deduct, 3k out of pocket, 20% in network, drug coverage and specialists are now 20% of total cost no copay.
by 2018 the plan will be 2k deductible, 10k deductible, 40% in network, 40% for drugs and specialists
Only two explanations for POTUS. He was continually lying for years or he is so dumb he has no clue what is going on. Take your pick.
The Speaker of the House (at the time) tells everyone she has no idea what's in the bill they just passed. Dumb bitch.
Biden was just off making speckled paint.
....and the last ram up the ass...Justice Roberts. Sell out.
Just for fun I used the consumer reports tool. My premium would be 6400/year with $11.000 out of pocket expenses. Quite affordable.
You hit the nail on the head Almost all these policies start at $5,000 deductible and go to like you said 11,000 out of pocket expenses Premiums arent lower, but deductible and out of pocket expenses are thru the roof. No one wants to offer what we have $250 deductible and $1,500 out of pocket
Anonymous said...
Wow! the commenter at 12:22 am is so drunk, his slurred speech is apparent in his (or her) typing.
10/29/2013 09:28:00 AM
"affordibike" was the best
Typical dumb asses - hurrah for the new health care plan - oops, I have to PAY for it?? Stupidity at its finest.
Do your fucking homework and read up.
--No Cop Here
Anonymous Anonymous said...
I beg to differ with the first commenter. My policy was cancelled as non-compliant. It was not a "junk" policy. I had a comprehensive catastrophic plan with a high deductible THAT I CHOSE.
As a result of Obamacare, I am looking at a minimum 30 percent increase for additional coverage I neither want nor need.
So drink your kool-aid and go back to your mommy's basement.
As someone who worked in Healthcare finance for a large Chicago hospital system, I can tell you the plan you describe, is considered a "junk plan" so many times, I had to tell a patient or their family member that their catastrophic policy was not good for their hospital service.
Thanks a lot you FUCKING DEMOCRATS.
The root of ALL the bullshit we are now seeing is the CHICAGO COMMUNITY ORGANIZER. He is clueless and we all know what he was capable of. People who knew he was a sham shouted it ....the Chicago / Illinois connection alone should have been enough for any intelligent person to vote for ANYONE but him. Now we are in the end stages of a cancer on this country that will be hard to cure. People are starting to see flimpses of the corrtion, the stonewalling, the silent treatment , not answering questions, cover ups. But they still fall at this guys feet.it didnt matter if he was black, white, yellow or green. He was hatched in Chicago politics. Hopefully one dY my kids will be able to fix what has been destroyed. It wont happen in my lifetime. And now we will see an equally vile person run and probably get elected...Hillary Clinton. Wake up America.
Just A Citizen says: this "Unaffordable Health Scare Act" is just the tip of the iceberg. For all you who voted for this ass and didn't do your homework, I guess this is what you "hoped" for and the "change" you so desperately wanted! Be careful what you wish for you mentally challenged liberals.
Just wait until the employer mandate kicks in next year. That's when we city workers get to share in this glorious pain.
In a few years when the illegals are also covered, the ER and Trauma Units will be overwhelmed and understaffed.
Can anyone say 700 + murders per year. The shoot to kill ratio will increase.
"I already had a high-deductible plan. Now I can buy a plan with double the deductible for only $200 a month more." - David Frum
I wanted to get a HSA with a $5000 deductible, after $5000 out of pocket was covered, everything is 100% - BCBSIL doesn't have anything near this for the money they were asking for.
It doesn't stop with humans, your pet gets hit with ACA prices too as the medical equipment that works for you, works for your pet too.
Seriously, Thanks Barry and Nancy for this charlie foxtrot of a law.
OK first poster is a troll. Anyone buying individual insurance is going to pay a much higher premium. So will most people under group plans, but at a much lower % than the individual plans.
All of the PC added "benefits" will increase the cost of insurance.
No system is perfect, but the Affordibke Healthcare Act will, if allowed, truly level both the benefits provided by the policies and the costs charged.
In many cases, while the actual pilicy charges may be higher, they will so significantly offset by lowered or eliminated copay costs as to actually provide an overall lower annual cost of insurance.
Additionally, all policies will have the same base of benefits included in the packages.
10/29/2013 12:22:00 AM
Wow SCC. Now the President is even on your site.
Obamacare is predicated on the fantasy that younger, healthier people will sign up in droves and not use the system. They will not. Make any excuse you want but healthcare costs have skyrocketed because of this Act and people are loosing their current coverage.
It is taking money from hardworking Americans and giving it to people that do not work plain and simple. Very few deserving people will be helped compared to the number of good people that will be fleeced.
This is redistribution of wealth in a way that the founding fathers would find reprehensible.
A Hardy Har Har on you, 10/29/2013 12:22:00 AM, you fucking dimwit.
Everyone saved me the time and trouble of giving you a big; Fuck You Troll.
-- Not all is lost Moonbat, this morning you can copy & paste all those mean retorts on your favorite left-wing loony-tunes website, and feel all smug an' shit with all the other Moonbats like you. That is, after you sit in your pizza box fort in mommy's basement and pout for a while. Loser. --
His intentions were never hidden so he can honestly say he didn't lie. WTF did the dummy's who voted for him think he meant by "fundamentally changing America?" Fundamental-forming a necessary base or core; of central importance. By changing the fundamentals of our country he can rewrite the American way of life as he sees fit. It was all right there in the open. But the thought of "being part of history by voting for the first black president", along with white guilt, clouded their vision. Just like the people crying at the Grant Park celebration. Acting like the Beatles were on the stage. America. I knew Her when she was great, and I loved Her. R.I.P.
Additionally, all policies will have the same base of benefits included in the packages.
So 55yr olds and up need to have free birth control, pediatric dentistry, and maternity benefits.
OK first poster is a troll. Anyone buying individual insurance is going to pay a much higher premium. So will most people under group plans, but at a much lower % than the individual plans.
Unfortunately not everyone can buy a group plan and has to purchase an individual plan which companies are either dropping or increasing the premiums
This is not America said...
"I already had a high-deductible plan. Now I can buy a plan with double the deductible for only $200 a month more." - David Frum
I wanted to get a HSA with a $5000 deductible, after $5000 out of pocket was covered, everything is 100% - BCBSIL doesn't have anything near this for the money they were asking for.
It doesn't stop with humans, your pet gets hit with ACA prices too as the medical equipment that works for you, works for your pet too.
Seriously, Thanks Barry and Nancy for this charlie foxtrot of a law.
10/30/2013 01:18:00 AM
I'm going to get a drawer full of the new illegal alien drivers licenses and just get free medical care like Juan and Jose and Stanley and Vladimer.
with regard to the fed's quantitative easing program of injecting 85 billion dollars a month into the economy to ' create jobs'
this just in.... hahaha
Average Job Creation "Cost" In 2013: $553,000
http://www.zerohedge.com/news/2013-10-30/average-job-creation-cost-2013-553000
this begs the question are we sure we want the people on food stamps to 'get off their azz and go to work' when food stamps only cost the taxpayers maybe 2,400 a year per person.
The Ten US Cities With Less Than Ten Days Of Cash On Hand
http://www.zerohedge.com/news/2013-10-29/ten-us-cities-less-ten-days-cash-hand
guess who's on the list.
in fact there are two illinois cities on the lists.
--- --- --- --- --- --- --- --- --
'...As the Detroit bankruptcy hearing heats up following news that the city's unsecured creditors, among them pensioners, are set to recover pennies on the dollar, 16 to be precise, the question of which are the next cities to follow in the footsteps of bankrupt Motown, becomes relevant once again. Courtesy of the WSJ, and the second part of its series on "U.S. Cities Grapple With Finances", here is a list of the US cities that when push comes to shove metaphorically, and when the money runs out literally, will have no choice but to knock on the door of the local regional bankruptcy court and submit that long-prepared bankruptcy petition. Specifically, here are the cities that have 10 days or less in cash on hand available. Because, unless one is the Fed, cash and lack thereof is all that matters.
The list below ranks the top 10 cities in terms of days cash on hand. Needless to say, a city with a low number in this category (such as 0.0) may have trouble paying bills, bribes, lap dances and other core municipal outlays...'
cash on hand..
springfield il. 3.1 day
chicago il. 9.7 days.
this story also shows chicago on several other lists -- that we are in the top ten..
population decline
real estate value.
debt per capita.
etc..
check it out.
When states like Illinois and California go bankrupt the Feds will bail the states out.
The great savior (the Feds) will then Nationalize Pensions. The Pensions will be cut substantially for "the greater good", collectivism.
History proves a growing Centralized Government only grows bigger and more authoritative.
This is just the beginning folks...just ask any Eastern European who just got off the boat.
we're screwed.
I'm one of those recent retirees who is going to get stuck with Obamacare. Thank God the wife is still working, I'll just go on her insurance and actually have some decent coverage. She doesn't want to work forever though...and shouldn't have to just so the government can turn us into a socialist state...
Good luck and I hope it works out for you. Only problem you might face is that her plan which now has good benefits will see the benefits lowered and the premiums raised. That the way it seems to be going in private industry and even public works
A few comments in this blog claim benefits are lowered and out of pocket and deductibles are being raised
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