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And how is that not exactly what some people needed to meet their insurance needs?
Like I said, I and many other people I know needed only inexpensive catastrophic plans while self-funding routine medical care (which wouldn't meet Obamacare plan deductibles anyway) that costs MUCH less than Obamacare premiums.
Because those were rip-off policies -- pretending to give someone coverage which it actually did not. This is from Consumer Reports(Junk health insurance
Stingy plans may be worse than none at all)
Quote:
It might seem to be health insurance, if you don’t look too closely, and most people don’t. The premiums are surprisingly affordable. And so millions of unemployed people, service industry workers, and those taken in by fast-talking telemarketers sign up. They may think they’re insured—until they have a medical problem and find out that their coverage is as skimpy as a hospital gown.
A lot of these discussions are like the ones I had earlier in life about Whole life insurance.
Agents tried to push me to term coverage, lower cost great coverage etc. etc.
Now I have a backstop of whole life coverage and unlike a lot of people my age do not have that worry about using pension, 401K or IRA funds.. My family is protected and I have piece of mind.
Because those were rip-off policies -- pretending to give someone coverage which it actually did not.
An inexpensive catastrophic plan is exactly that. It pays medical expenses for a catastrophic injury/illness. People who buy them KNOW that, and self-fund routine medical care. You'd have to assume people are stupid to assert what you have. Not everyone is stupid. MANY of us have done our research and purchased exactly the kind of insurance we needed.
How very telling that you think you and the Dems need to cater to the stupid...
Not all true, for some perhaps. In my situation before the ACA (pre-existing condition) our medical bills amounted to a 6 figure debt. So, in our case if the ACA was around at the time we would not have come close to bankruptcy. However, since the creation of the ACA deductibles have increased almost 70% in the past 5 years. To me the ACA is more like catastrophic coverage with a high monthly premium.
Many high deductible plans were around prior to the ACA, and many states offered high deductible plans for those with pre-existing conditions that were actually a much better deal than you can get under obama care. Reality is that studies have shown the average household would struggle to come up with $400 to cover an unexpected expense, yet a high premium insurance plan that really only covers catastrophic incidences is going to protect the average person? Reality is these plans are not there to make things better for the average consumer, they were a money grab by those that backed the politicians with a plan to force us into government healthcare eventually.
An inexpensive catastrophic plan is exactly that. It pays medical expenses for a catastrophic injury/illness. People who buy them KNOW that, and self-fund routine medical care. You'd have to assume people are stupid to assert what you have. Not everyone is stupid. MANY of us have done our research and purchased exactly the kind of insurance we needed.
How very telling that you think you and the Dems need to cater to the stupid...
An inexpensive catastrophic plan is exactly that. It pays medical expenses for a catastrophic injury/illness. People who buy them KNOW that, and self-fund routine medical care. You'd have to assume people are stupid to assert what you have. Not everyone is stupid. MANY of us have done our research and purchased exactly the kind of insurance we needed.
How very telling that you think you and the Dems need to cater to the stupid...
Hence the lowest cost highest deductible policies in the Healthcare exchanges. They are their for those who wish to buy them.
The benefit is that certain areas of healthcare are covered fully. No longer an issue to those who self funded. They can take advantage of those benefits or sit back on their PC's and complain.
Many high deductible plans were around prior to the ACA, and many states offered high deductible plans for those with pre-existing conditions that were actually a much better deal than you can get under obama care. Reality is that studies have shown the average household would struggle to come up with $400 to cover an unexpected expense, yet a high premium insurance plan that really only covers catastrophic incidences is going to protect the average person? Reality is these plans are not there to make things better for the average consumer, they were a money grab by those that backed the politicians with a plan to force us into government healthcare eventually.
There was one plan we could have picked up in our state, that was HIPAA coverage at $2600 per-month coverage with a 10 month grace period. Paying out of pocket for her care on top of paying that premium for 10 months with no benefit from it was not an option. There was light at the end of the 2.5 year long tunnel.
Hence the lowest cost highest deductible policies in the Healthcare exchanges.
The premiums are way too high for what one gets.
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