So I got notified of my health insurance cost increase for next year. I still have one of those 'grandfathered' plans, and last year it went up by twenty-plus percent in cost. This year, it's going up in price by nearly a quarter. This is not a "Cadillac" plan. I have to pay ten grand out of pocket before it covers anything. The only reason to maintain it versus an Obamacare plan is that it has a real network: almost anyone around is on the network. If you get hurt or sick, you can get care anywhere around. If I switched to Zero-care, good luck finding anyone who will see you for anything at all.
Sure has been nice, this ride into "Affordable Care." I'm sure I'm not the only one who has really enjoyed it. The major effect for me is that I'm now paying hundreds of dollars a month more for the same insurance.
5 comments:
Hang onto it. Our insurance tripled in cost when we had to switch to Obamacare last year, but at least we found that Assurant Health had decided to offer ACA-compliant policies in Texas, and Assurant offers a decent network. This year, Assurant has dropped out, so in November we get to find out if we have a choice between two other companies, or maybe one, and certainly no broad network. High premiums, high deductibles, no network: it's the affordable future! Keep voting Democrat.
I am taking the summer off. Why work? The ACA compliant policies were unaffordable without a subsidy, and I have to make sure we don't make to much money. A dime over the "cliff", and we would have to pay another $12,000-thats $12,000 profit I have to make, just to break even.
What I can't understand, though, is why these benevolent policies don't stimulate the economy the way they're supposed to.
Well, they certainly have proven unexpectedly efficient in bending the cost curve. The wrong way, but still: efficiency in a government program is a rare bird.
Efficiency may be rare, but unintended consequence are rife.
Although with the question of intent in mind, one wonders if "unintended" is applicable.
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