The dirty little secret of the ObamaCare scam
Remember, it’s called the “Affordable Care Act” officially, but in reality, it is anything but that. The purported purpose of the act was to provide a means for people and families to buy affordable health insurance if they weren’t insured. But, in fact, reality is proving this to be the usual smoke and mirrors government usually manages to produce. Not only is the insurance more expensive in many cases, it has a higher deductible as well. From the Chicago Trib.
Adam Weldzius, a nurse practitioner, considers himself better informed than most when it comes to the inner workings of health insurance. But even he wasn’t prepared for the pocketbook hit he’ll face next year under President Barack Obama’s health care overhaul.
If the 33-year-old single father wants the same level of coverage next year as what he has now with the same insurer and the same network of doctors and hospitals, his monthly premium of $233 will more than double. If he wants to keep his monthly payments in check, the Carpentersville resident is looking at an annual deductible for himself and his 7-year-old daughter of $12,700, a more than threefold increase from $3,500 today.
“I believe everybody should be able to have health insurance, but at the same time, I’m being penalized. And for what?” said Weldzius, who is not offered insurance through his employer. “For someone who’s always had insurance, who’s always taken care of myself, now I have to change my plan?”
Do a little math. You are someone who hasn’t been able to afford health insurance in the past. The $1,000 a month you had to pay for your family is unaffordable. So you opt into this system assuming the premium will be lower (Well, you don’t “opt” in, you are required to enroll and pay). And to your joy, it is. Only $500 a month, something you can barely afford, but at last you have insurance.
But wait, there’s more:
To promote the Oct. 1 debut of the exchanges, the online marketplaces where consumers can shop and buy insurance, Obama administration and Illinois officials touted the lower-than-expected monthly premiums that would make insurance more affordable for millions of Americans. But a Tribune analysis shows that 21 of the 22 lowest-priced plans offered on the Illinois health insurance exchange for Cook County have annual deductibles of more than $4,000 for an individual and $8,000 for family coverage.
Those deductibles, which represent the out-of-pocket money consumers must spend on health care before most insurance benefits kick in, are higher than what many consumers expected or may be able to stomach, benefit experts said.
By comparison, people who buy health insurance through their employer have an average individual deductible of just more than $1,100, according to the Kaiser Family Foundation.
An $8,000 family deductible. So instead of paying $13,100 a year for family coverage that you couldn’t afford (along with a $1,100 deductible you might have been able to struggle through) you get to pay $14,000 (including deductible) before the insurance you have begins to kick in.
What a deal. And that, of course, assumes that you can find a doctor that will take your insurance. Of course that likely won’t matter since unless you have a health care emergency over $14,000 you’re going to be paying cash anyway.
Oh, and don’t even think about saying “screw it” unless you want the IRS on your rear end.
Haven’t enrolled yet? Get on it, dude. And good luck (you may up having to pay the penalty anyway because you can’t find a way to enroll):
CNN senior medical correspondent Elizabeth Cohen has been trying for two weeks to sign up for ObamaCare.
Unfortunately as she reported on Monday’s New Day, despite trying for fourteen days including at hours that were claimed to be “off peak,” she still hasn’t been able to establish an account.