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Coming in January: Obamacare rate shock part two
#1
Quote:Coming in January: Obamacare rate shock part two

Media reports about the Affordable Care Act have been dominated by two themes lately: The ongoing glitches with Healthcare.gov and the “rate shock” that some consumers now face after insurance companies canceled their policies.

But come January, a second rate shock may hit and could produce more bad news for Obamacare.

That’s when millions of Americans who select health insurance plans on the new marketplaces may realize that their new insurance plans don’t pay the bills right away. They come with high deductibles and co-pays.

In recent weeks, many people have focused on the monthly cost of buying a health insurance plan in the insurance marketplace. What I’m talking about is different: The out-of-pocket costs they may face when they go to use that new policy.

The president has promised to deliver affordable care to all Americans who want it. But the notion of what’s affordable may well be in the eye of the beholder.

Many low-income people who haven’t had insurance before will qualify for subsidies to lower their monthly insurance premiums and reduce their out-of-pocket costs. And some with current policies will find that their new ones are indeed more affordable.

But many won’t. Those on both the left and the right side of the political spectrum — and in between — acknowledge this may surprise consumers.

“So many people may feel they have a grip on their premium costs and think they have reasonable coverage only to encounter unpleasant surprises in the form of deductibles, copayments, and coinsurance amounts,” health care consultant Kip Piper told me in an email.

Consider a family of four making $59,000 a year. They will have to pay $400 a month toward their insurance premium, after receiving a subsidy, said industry consultant Robert Laszewski.

“But then, they will get a plan with a $2,000 deductible and hefty co-pays,” he wrote in an email. “The Democrats that say everything is going to be OK really need to go on one of the open exchanges and take a hard look at what consumers will see.”

It goes without saying that the Affordable Care Act reshapes the insurance landscape. It prohibits insurers from discriminating against those with pre-existing conditions and requires insurers to spend a minimum amount on health costs vs. marketing and profit.

Beyond that, the act provides subsidies to working-class consumers. Earlier this month, the New York Times boasted that up to 7 million people could qualify for “free” policies under the law. That’s going to cost about $1 trillion over the next decade.

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#2
SURPRISE!
The law? The law is a human institution...
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#3
Yep if you think it's bad now just wait till January. But then again it's exactly as planned
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"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#4
Supposedly the Democrats put an ultimatum on Obama to fix this disaster to where all these people won't lose their health plans...but "Democrats putting an ultimatum on Obama" sounds about as unbelievable as Bigfoot or the Loch Ness Monster, with the probability of actually getting positive change being less than the probability of seeing one of the above.
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#5
RugerGirl;125448 Wrote:Supposedly the Democrats put an ultimatum on Obama to fix this disaster to where all these people won't lose their health plans...but "Democrats putting an ultimatum on Obama" sounds about as unbelievable as Bigfoot or the Loch Ness Monster, with the probability of actually getting positive change being less than the probability of seeing one of the above.

It doesn't matter, people will still vote for these assholes regardless. Most people don't even follow politics, but at least Kim Kardashian and Kanye West are getting married, am I right? Rolleyes
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#6
But the dictator came out and changed the law on his own, He's such a nice dictator. He cares about the working man and his money...

(PUKE)
Mikelets456, proud to be a member of pa2a.org since Dec 2012.
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