American consumers of health insurance, the 85% of us who were just fine with our old health insurance, have been dragooned by Obama to be the suckers who have to pay for the risky scheme known as ACA, and only now, when the bill comes in the mail, does the media realize this:
As Obamacare begins to roll out, some people who already buy insurance on the individual market are getting cancellation notices – and offers for coverage at double and triple their old rates.
In the debate before the ACA passed, there was plenty of focus on people who lacked insurance, either because they couldn’t afford it or had a preexisting condition. Now, newspapers around the country are chronicling the stories of the other category of consumer – people who make too much money to be eligible for federal subsidies and are being charged double and triple their old rates.
Michael Yount of Charlotte, N.C., is one such unhappy customer. He and his wife, retired and in their late 50s, have been buying their own health insurance from Blue Cross and Blue Shield (BCBS) in North Carolina, paying about $380 a month with an $11,000 deductible. BCBS is offering them a new plan for three times the cost, $1,124.50 a month, still with an $11,000 deductible.
Reluctantly, he says, they plan to drop out of formal health insurance, pay the penalty, and “self-insure.”
Why wasn’t this impending reality made know prior, say in the 2012 election when we actually could have used the info to good effect? Only now has the news media actually woken up to this fact. When New York imposed similar rules like the pre-existing condition and community rating regulations in the 1990s, their insurance rates skyrocketed. Now, this insane policy goes nationwide, with the further imposition of a mandate to put millions in a vice.
Mr Yount now has the absurd privilege of paying about $13,000 a year for insurance that gives him nothing unless he racks up some huge bills. It’s such a bad deal he’ll just opt out.
I am Mr Yount. I have a family to take care of, but I don’t have a Big Corp to pay for my insurance. We do it ourselves via BCBS. I am too rich for subsidies, too healthy to get any benefit from health insurance other than as a (duh!) insurance against unforeseen issues. I would really like an HSA and high-deductible insurance plan (mine is already a $4,000 deductible to keep rates down). We pay around $800 a month now. So if we are hit with a big insurance bill increase, what do we do? Well, paying the fine is one thing, but if I go off health insurance, I put my family at risk.
But that’s my choice: pay thousands more because of Obamacare, or be like Mr Yount and leave the system entirely.
ACA the “Affordable Care Act” is doing the OPPOSITE OF WHAT IT CLAIMED TO DO! Driving people off health insurance and making healthcare LESS affordable. They should call it: The Expensive Nanny-statist Insurance Mandate Act – ENIMA.
Conservatives and Republicans warned others. Any bill will have winners and losers, and with $1.8 trillion in spending gravy, the ACA boosters will make it sound like everyone is a winner. The stark reality is hitting home to Mr Yount, me, and many others. As it hits home to Americans, we need to make a big stink about this, and showcase the many people #hurtbyobamacare.