“Please explain why Obamacare is bad for the Jewish learning/working person”
Its not but its from Democrats so it has to be bad.
“the costs per individual are set to double and many companies are dropping out of the program”
Briefly:
Most Americans purchase insurance through their employers that hasnt changed. Among those (Relatively few) who purchase their own insurance many policies have gone up. This is primarily becasue insurance companies can no longer refuse to cover preexisting conditions. This means if say a person with malignancy wants insurance and coverage for chemo that would cost hundreds of thousands annualy, the insurance company cant say no, which is what they had done in the past. This obviosuly creates a problem for insurance companies since someone can wait until they are sick and show up paying one year premium and asking for coverage in the hundreds of thousands or even millions a year and they cant say no. To make up for that Obamacare mandated everybody have insurance this way if 1000 healthy young people all pay 1000 dollars and one person gets sick costing 500,000 the insuracne company covers it and still profits. The problem is that the fines are too small to force young health peope to buy in,many are opting to pay the fine, knowing if R”l they do get sick insurance company cant say no then to make up for that premiums go up
There are other problems too, but this is the biggest.
That being said. Obamacare is unlikely to go anywhere. IT will be hard to take away insurance from those previously deemed “uninsurable” and most dont think insurance companies should eb allowed to turn away those people.
But the only way for that to work is if young healthy people are forced to buy insurance.