Skip to comments.$175 premium for a young, healthy student? Thanks, Obamacare!
Posted on 10/03/2013 7:06:00 PM PDT by markomalley
American media outlets were finally able to track down a mythical creature a person who actually signed up for the Obamacare exchanges online.
But that person, Chad Henderson, admitted to the Washington Post that the premium for the plan he enrolled in was $175. Ouch! Wasnt Obamacare supposed to lower premiums?
Hendersons going to pay a $175 premium and he wont even receive vision or dental insurance. He has contacts, so not having vision insurance is kind of a bum deal.
Henderson, as far as we know a healthy, 21-year-old college student at Chattanooga State Community College who lives in Flintstone, Ga., and works part-time at a day-care center, did not qualify for tax credits to purchase insurance, according to the Post.
Without Obamacare, Henderson could have received health insurance for as little as $44.72 on eHealthInsurance.com, according to Michael F. Cannon of the Cato Institute.
I cant yet say whether Chads $175 premium is the lowest-cost plan available to him through the Obamacare Exchange, Cannon said. [Im in the process of researching that, and itll probably take a few hours.] But its probably close.
Thanks to Obamacares community-rating price controls that take effect in 2014, Hendersons cheapest plan option on eHealthInsurance jumped up to $190.23.
So it appears that Obamacare quadrupled Chads premiums, and Enroll America thinks this is a success story, Cannon said.
One of the main reasons health insurance prices are going up under Obamacare is because of the one-size-fits-all insurance plans required by the health care law.
During a congressional hearing in August, Rep. Mike Pompeo, R-Kan., asked Marilyn Tavenner of the Centers for Medicare and Medicaid Services whether President Obama's promise that if you like your health care plan, you can keep your health care plan was true.
It is true, Tavenner said, but added that it was true under the assumption that your insurance is true insurance that provides coverage.
Tavenner claimed that insurance that was not true was insurance that didnt include coverage for things like hospitalization or cancer treatment.
My niece is a new nurse here in CA and is calling Obamacare a disaster. All her friends are having their old insurance stop and all the new ones cost 200% more.
Back in the 60s when I was that age, nobody gave a rip about “heath insurance”.
I’m speculating the epidemic (never mentioned in the MSM) of expensive and difficult to cure STDs is why the healthcare meme resonates with young folks now.
If this kid thinks that money is going to be spent on his healthcare he’s an idiot.
What I want to know, which nobody in Washington is explaining right now, is the IRS going to snatch money out of my bank account if I don’t sign up for the Obamacare clusterf*ck?
I run a small, very small business and I have a part time assistant. She is also a full time student and mother of two. Her kids are covered under our state’s plan so she has gone without health insurance for 8 years. She uses a free clinic occasionally and when she is sick, pays her doctor and pharmacist... yes, just pays them. She is worried that her free clinic will shut down and is thinking she may have to get Obamacare. She’s thinking that she’s better off just paying the fine. I’m telling her that she can sign up anytime, i.e., if her clinic shuts down. Does that sound like good advice? p.s., she really hates the O.
Who did he vote for? It means a lot.
Hmmm... I have a letter here that says that vision and dental coverage are now mandatory.
I've seen a few stories indicating obamacare won't cover some cancer treatments -- so it's not "true" insurance and will be forbidden?
You already know the answer to that question...
Well, you’ll have to ask a Democrat in Washington because NO Republicans Voted for Obamacare.
You’ll get a saner response asking your Dog. Just saying.
Already got our bill today from Kaiser(My sister, Mom, and I are all Kaiser members) my Mom’s bill per month jumped 80 bucks, while mine went up 50 and my sister the same amount..gee and according to the media that never lies we were told repeatedly that Obamacare LOWERED costs..could it be..that they LIED..nah can’t be
It will hit the young people when they turn 28 and have to get off the parents’ health plan. Then they’ll realize they’re paying a potential car payment every month into manadatory health ins.
The premiums only part of the story. If a person selects a low cost plan the deductibles are enormous, typically in the thousands. And if you want a low deductible, then you will need to pay more in premiums and co-pays.
In all likelihood, people on exchanges with high deductibles and co-pays will be paying up front with their own money at the time of service at clinics and hospitals. It is simply too expensive for hospitals and clinics to pursue collection on lower income people that are expected to sign up for the exchange. The people on exchanges will also find limited provider networks which will force many to seek care care at out of network clinics for cash.
Of course, a lot of people on the exchanges will end up in the ER and rack up the bills.
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3x the premium, so he can subsidize others like a good comrade should!
//commie mode off
It turns out Hendersons knowledge of OFA (Organizing For Action) was not the result of his astuteness or political acumen. According to his LinkedIn profile, he is a current OFA volunteer. Maybe those many media outlets who spoke with him will make note of this seemingly relevant fact.
and the yearly deductible is....
above the median avg heatcare costs per year for his age bracket.
meaning he’ll pay for it monthly... then when the time comes, he’ll pay for it entirely out of pocket
This guy works part time at a daycare center and he can afford $175 a month? I doubt it.
Isn’t it fascinating how people are willing to look like fools defending obama. =
I know some nurses who worship obama and praised obamacare. I don’t speak to them anymore. I got tired of being called a dummy. But I’d sure like to see their faces when they see their new premiums. hee hee
Where in the H do folks in DC think that people at home are going to come up with all of this money for health insurance? Most folks live from pay check to pay check.
Everything I’ve read says all the IRS can do is keep your refund. This will be another blow to America. More and more people will claim more dependents so they won’t have refunds coming. That means the government will have a lot less money coming in every quarter. It was probably all planed this way. Another bomb to destroy the country.
I’ve read today that people have to pay the first premium when they register. Most people don’t have insurance because they don’t have money for the first premium.
And I’ve read that subsidies come in the form of tax rebates. This is probably why we’re not hearing the success stories of all the “millions” the feds say signed up.
It’s 26. And their parents are going to have to pay premiums that are priced accordingly. A 25 years old kid living in the basement is not a good credit risk. The premiums will be high. And, it says they can be on their parent’s insurance. But it doesn’t say how much the premium will be. Nor does it address what if the parents’ employer drops their insurance.
Enjoy your new pregnancy benefits, Chad. Don’t forget your free abortion, too.
And Chad gets free condoms, too. Or do they only give them out to Flukes?
I think in the bill it explains completely that IRS will NOT take money out of your bank account.With this in mind I would have to answer....uh...yes they will.
Next comes the death panels to further decrease usage so money can be spent for more votes.
That has been an issue with me all along. Yeah, thanks for telling me you will pay me back some AT THE END OF THE YEAR! Most people are doing good to have enough gas to get back forth to work. If they have it.
Henderson might also want to find out what his annual deductible is. I keep hearing the $5000 figure. If that is the case, if Henderson is healthy, he is never going to meet his deductible and has now lost roughly $2000/year of his disposable income.
How you like your change now, kid? Whoops...they’re taking the change now too. Sorry, Comrade.
As noted elsewhere, they don’t mention the deductible/out-of-pocket cap for the plan he’s on. Since he is likely aiming to be on the smallest-premium plan, the deductible is probably more than $8000 a year, which for all intents and purposes means that he’ll never hit the annual cap unless he’s really sick or injured, and will never actually touch his insurance. He’ll pay for his yearly checkups and sick-visits out-of-pocket (at no-doubt-inflated rates), meaning a total expense of probably close to $3000 a year. On a part-time daycare worker paycheck.
Our ‘affordable care’ would cost us $1,659 monthly if we signed up, no decuctbles, no nothing and probably no doctor if this crap continues.
No, it isn't, because she can sign up for an exchange plan (subsidized) only during Open Enrollment Periods.
The current OEP is now through March and, starting in 2014, will be October through December. But to get coverage starting Jan. 1st, you have to have enrolled by December 15th in most states.
If your state has Expanded Medicaid there is a good chance she would qualify for that.
Most "free" clinics are getting large grants; I know ours did. They will be trying to persuade people to enroll through the exchanges but will be treating them in the meantime.
It’s catastrophic insurance. That’s it. It has nothing to do with routine health care at all.
The "silver" plan I'm looking into has a deductible of $1,500 individual / $3,000 family.
The counterpart gold plan is half of that, $750 individual / $1,500 family.
Henderson's plan may be bronze level which actually is $5,000 individual / $10,000 family and the 40% coinsurance would really kill you if the death panels don't. Silver is a much better value.
He’s a potted plant —
Wow! That is too good! Should have expected this.
Any plan that covers routine health care isn't an insurance policy at all. It's a pre-paid medical plan, and the premiums for young people are very high because they're also pre-paying the medical costs for older people in the same insurance pool. It's sort of like being 25 years old and buying a life insurance policy based on the actuarial tables of a 70 year-old man.
And that is why the dems will fold... The republicans will say in nov.... take a look at your insurance.... The democrats did this too you and it Is YOUR fault. Now you can fix it.
Give this guy a year and come back and interview him and see if he’s still paying for it
No need to wait for the end of the year for the subsidies, if that's what you're talking about. They are applied "up-front" in the month the premium is due, unless you request otherwise.
Sounds like that’s what everyone is getting, then. My own costs, according to the Kaiser calculator, for myself, wife, and one child, is something like 9 grand a year for the “silver” level plan, with a $13,000 out-of-pocket cap, and they didn’t lay out what percentage of the cost after the cap I would be responsible for. It’s really unlikely I’ll ever come close to that cap in a normal year, and if I ever do need the insurance, I’m going to be out >$25,000 that year. Right now, the total billed “cost” to have a baby is something like $30,000 for a 3-day stay with normal delivery. A caesarian would probably kick that even higher. Before this Obamination, a friend of mine on a “normal” employer insurance policy had a total out-of-pocket of $500 for his kid’s birth.
Assuming the calculator is even vaguely correct, I’ll have to hit that $13,000 cap, then maybe 20% of the amount above the cap, for another $6000 easy (for 20% that $30,000 delivery bill), plus my yearly $9000. That’s supposed to be “affordable”. Even if the “out of pocket” is a hard cap, to include percentage of cost above some deductible level, I’ll still be out that $25 grand for what used to be a “normal” life event.
Oh, and thanks to all the onerous new regs and requirements in ACA, I’m almost certain my wife won’t get the kind of personal attention from her OB/GYN that patients could get in the past, since the OB/GYN will now be reduced to assembly-line status if we even are allowed to use one (and not some PA).
the folks in washdc don’t care. especially the dems. keep in mind, the model they’ve been following for years is... get someone on welfare and dems gain a voter
Sorry, no sympathy from me. I just cannot relate to anyone still living with their parents till age 28....Sorry,just didn’t happen in my generation.
“I know some nurses who worship obama and praised obamacare. I dont speak to them anymore. I got tired of being called a dummy. But Id sure like to see their faces when they see their new premiums. hee hee”
I’d love to see the reactions of the teachers I knew in the past, but it isn’t worth talking to them. They’re still furious that Governor Christie won’t pay them $250K per year to work 180 days...
$200 for a disposable face shield when a similar face shield is $12 at the local hardware store.
They’re all ga-ga over O-care since it removes what’s left free market competition and gets 100% participation paying for those $200 pieces of plastic.
If “health care costs are out of control” then why don’t they regulate the industry instead of consumers?
Because Big Med, like Big Pharma is a racket and most politicians are on the take.
He’s a fraud. 5-star ZeroBot.