ObamaScare Nightmare

Let me "cut to the chase" and cite two important articles that are archived on the Institute for Political Economy site:

• "Obamacare: A Deception"
• "Obamacare: The Final Payment – Raiding the Assets of Low-Income and Poor Americans"

I urge everyone to read the articles, even if health insurance is already employer-sponsored. Most people have no idea at all about the so-called "Affordable Care Act" (read: ObamaScare). Believe me, it's scary!

Of particular importance is the information on Medicaid and the little known issue of "estate recovery." The affected age group is 55 years old and above. Yes, that includes all the senior citizens like the ol' lavahead.

Typical Healthy Hottie

With that said, I decided to peruse the Hawai'i Health Connector out of curiosity. I already knew that the health insurance premiums for my age group run about $500 to $700 per month without subsidies. That's for the cheapest plans (i.e., "Bronze" and "Silver"), by the way, with high deductibles and steep co-payments. However, with zero income, I don't qualify for any subsidies. Thus, if I can't afford the insurance premiums, I will automatically qualify for Medicaid.

Much to my surprise, the "asset test" has been completely removed from the enrollment criteria. So, my homeless buddy was absolutely correct when he claimed that "they are giving out health insurance for free." In other words, a millionaire with no income instantly qualifies for Medicare. Sounds great, eh?

Well, the "free" health insurance works best when the applicant has absolutely no assets or assets that are completely hidden from view. Otherwise, the nefarious "estate recovery" comes into play. If the Medicare recipient is single with no heirs, no problem-o. Upon death, the deceased's entire estate will simply be confiscated. No loss. In the case of leaving surviving family members, a spouse, or heirs ... well, read the cited articles again.

Insured wage slaves may simply dismiss ObamaScare as not being applicable to them. However, in these trying times, anything can happen. Employment or health insurance status can change overnight. Then, it will be "all over but the crying."

In my case, I have decided to put off the Medicaid decision. Yes, I will incur the $95 penalty on my tax return. However, it will accrue no interest if not paid. In addition, I have significant losses and deductions. So, the penalty may simply be canceled out.

Next year, I will not have to file the empire's tax return, only the state tax return. That's because I have no income. I had no income last year, but I must file the empire's tax return because of the sale of the detestable "condotel" unit. Anyway, I am guaranteed no income because Wall Street "sock puppet" and Fed chairperson, Janet Yellen, has promised to never raise interest rates ever again. So, no tax return, no penalty for no health insurance.

Slob Manor (Read: Rental Housing) Mini-Update®
The "chef" has apparently enrolled as a member in one of myriad yoga studios for $140 per month. He claims that the main reason is because yoga will help with his surfing. Yeah, right. He seems to be more concerned about "hooking up" with as many of the hotties in class as possible. He's already worked up a game plan to "get laid," which he disclosed to Alan. He also described the numerous yoga babes in lurid detail. Obviously, since his parents paid off his $50,000 debt, he has "money to burn." That's why he spent over $500 on three small kitchen appliances (i.e., heavy-duty blender, exotic food processor, and programmable slow cooker) a couple of weeks ago. He also continually stocks about five pounds of ground maca root, which is an important ingredient in his "medicine man" concoctions. And, it's also the cause of his aggressive behavior and increased libido.