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So a fifty-something couple with health trouble can "go for the ACA gold" at a cost of $1,961.44 monthly, and get a nice low $500 deductible and an out of pocket maximum of $7,000 for the couple. So on an annual basis, add up your $23,500 in premiums plus your $7,000 in out of pocket costs and you get total health outlays of $30,500. And this is not Health Savings Account compliant so there are no breaks on costs.
What is getting cancelled January 1 costs me $1,010 monthly with an out of pocket maximum for the couple of $6,000. On an annual basis, about $18,000 total health outlays, worst case. And that is HSA compliant so there was a tax break on out-of-pocket.
Follow closely: $30,500 in costs is WORSE than $18,000 in costs. Ask someone who knows arithmetic if you do not believe me.
What state and what's the lifetime cap on your current policy?
The killer with individual policies has always been the insurer's right to not renew if the insured party was diagnosed with a situation they would rather not insure.
You do realize that a $10 million lifetime cap is a "non ACA compliant cap," don't you? You gonna blow through that in a heartbeat?
I wish people would stop acting like the 85% of us that had insurance before ACA and liked it just fine are like children who could not possibly understand the complexities.
Reputable insurers have always met their obligations on claims. Most people had no trouble with insurance pre-ACA. Were there unaddressed problems and issues and things that needed fixing? YES. Obamacare will turn out to be one of the failures on the road to eventual success. Let's admit it and get on down the road.
The majority of soon to be former individual policies were sub prime. Many assumed all insurance was alike and only later learned they were seriously underinsured.
I am always delighted to find common ground with anyone. Seems we both believe ACA is nothing more than a step to something else.
The majority of soon to be former individual policies were sub prime. Many assumed all insurance was alike and only later learned they were seriously underinsured.
Just like some people assume government can reduce the cost.
Mom, is it taxpayer money paying you to post here?
I was JUST about to post something similar. I have never seen someone so vehemently defend that which even other members of their own party can admit is a colossal failure. It is truly astounding.
We probably could debate a definition of "abuse" till the cows come home. I think most reasonable folk can agree that it minimally includes fraud, no?
Welfare benefits are all operated at the state level. Some states put more resources into preventing and detecting fraud than others.
Nothing short of a communistic approach towards reproduction will prevent people from having children they cannot afford. I am personally cool with this. How about you?
I disagree with that. Give people a box of food, and cut off all cash assistance. Cut off free daycare to non working moms- leave only preK programs to help get kids ready for school. Take away Obamaphones.
When the only benefit to having a child is a little more milk, cheese and fruit in your box, many people will stop having "unplanned" children.
People on welfare are having children at a much higher rate than people who pay their on way. So it's time to change the system.
I was JUST about to post something similar. I have never seen someone so vehemently defend that which even other members of their own party can admit is a colossal failure. It is truly astounding.
Even CBS gets it now...it is amazing.
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