Just an update from The Wise I.
A Facebook friend posted a screen capture of his premium BEFORE Obamacare and the one after.
So I did some studying, says The Wise I, who, in a former life, was an ersatz payroll/benefit manager.
His premium HAD BEEN, I round off, around $300 a month. His NEW premium was about $1,000 a month.
Of course, as Obama is hastened to add, the fellow was eligible for a subsidy which would have reduced his monthly premium down to around $300 a month.
But here’s what else they don’t tell you.
Never mind the $12,000 a year premium pricetag that this company offered, he had, get this....a $2,500 deductible!
He had a $1,000 deductible on prescriptions!
He had a co-pay of 30% and don’t forget this includes the HOSPITAL BILL. 30% of a big hospital bill is huge.
Now it did have a cap on out of pocket expenses for a year, something around $5,000, although I hasten to add I’ve been hearing stories that the cap, a requirement of Obamacare as it passed, might be removed. Those caps are important, more on this later.
So this fellow has to pay $1200 a year for the premium, after his subsidy runs out, I get this. BUT he will have to pay almost $5,000 regardless of the subsidy, before he gets any coverage!
My husband and I both had a heatlh crisis one year with him going into the hospital for almost two months...a brain infection of all things. I had a heart bypass.
The hospitals bills for both of us came to half a million, I’m not making this up.
Our health insurance at the time was through husband’s job, a private insurer, which wasn’t the best insurance in the world; it had high deductibles and that sort of thing but it had the most wonderful cap on out of pocket expenses of around $3,500, which did go up for the couple of years later that we had the plan, but that cap was precious.
Whatever, I could sleep at night cause without that cap I’d have had to pay 20$ of that half million hospital bill (our copay at the time was 20%) which would have been $100,000, figure it out, and they would have made me pay it.
This thing is going to destroy our economy and cause the dumb people who think this thing is free to riot in the streets.
As an added editorial, then I shall shut up, this is why the House Repubs did the right thing. They are on record as fighting this thing tooth and nail and no media screeching is ever going to overcome the horrible way all of us are going to suffer for this.
The Repubs will be the heroes, except the RINOS of course.
Some hospitals are asking that the deductible be paid up front before major care. Imagine a 28 year old coughing up $5,000 to get health care. 80% or more wont be able to scape up this money.
Extremely well put the entire comment. It is the deductibles that have to be paid to get the benefit— NO MATTER what the subsidy for the premium is.
Living proof this is NOT about coverage but re-distribution— because who IS going to pay for the subsidy? Us? The dems continue to borrow from china or wherever to fund the subsidies and the other giveaways. It is unsustainable and intended to fail, or break the financial system, and hence the US system of govt. and way of life. THAT is the goal— despite all delusional democrat libs belief in the 100 year dream. We are not Europe- and Europe would not pay for this either— and doesn’t now.
Footnote: If I understand correctly, the premium subsidy will be taxed as income...