Posted on 11/2/2013, 2:36:59 PM by markomalley
Dean Griffin liked the health insurance he purchased for himself and his wife three years ago and thought he'd be able to keep the plan even after the federal Affordable Care Act took effect.
But the 64-year-old recently received a letter notifying him the plan was being canceled because it didn't cover certain benefits required under the law.
The Griffins, who live near Philadelphia, pay $770 monthly for their soon-to-be-terminated health care plan with a $2,500 deductible. The cheapest plan they found on their state insurance exchange was a so-called bronze plan charging a $1,275 monthly premium with deductibles totaling $12,700. It covers only providers in Pennsylvania, so the couple, who live near Delaware, won't be able to see doctors they've used for more than a decade.
"We're buying insurance that we will never use and can't possibly ever benefit from. We're basically passing on a benefit to other people who are not otherwise able to buy basic insurance," said Griffin, who is retired from running an information technology company.
The Griffins are among millions of people nationwide who buy individual insurance policies and are receiving notices that those policies are being discontinued because they don't meet the higher benefit requirements of the new law.
They can buy different policies directly from insurers for 2014 or sign up for plans on state insurance exchanges. While lower-income people could see lower costs because of government subsidies, many in the middle class may get rude awakenings when they access the websites and realize they'll have to pay significantly more.
(Excerpt) Read more at news.yahoo.com ...
hey can buy different policies directly from insurers for 2014 or sign up for plans on state insurance exchanges. While lower-income people could see lower costs because of government subsidies, many in the middle class may get rude awakenings when they access the websites and realize they’ll have to pay significantly more.
This is exactly the kind of person who should be paying the "penalty" to the IRS instead of buying the insurance. It's one thing to see your monthly premiums escalate from $770 to $1,275 for an inferior insurance policy. But when you already know in advance that you'll never use the policy, what kind of moron would pay the $1,275 every month rather than a couple of hundred dollars for the entire year in "penalties"?
I said something similar on another thread a few days ago.
We (working people) required to buy insurance by law but still have to pay for health services out of pocket or pay a fine and still pay for health care out of pocket.
Soon it will cost you money to work and everyone will sit at home and live of the government. Of course then we will all starve to death, freeze in the dark or both.
Ayn Rand was a modern day prophet.
The war on the middle-class continues. On to amnesty.
Keep letting idiots vote.
This is just the tip of the iceberg
Now you’re underemployed AND paying more for insurance. Let the good times roll. Welcome to the ever shrinking middle class.
“We’re buying insurance that we will never use and can’t possibly ever benefit from. We’re basically passing on a benefit to other people who are not otherwise able to buy basic insurance,”
That was the plan all along. To force working/middle-class people to directly subsidize healthcare for others.
You used to pay a few hundred dollars a year for policy with a deductable that high.
To me, this begs the question of how insurance policies are priced in the first place. Why are premiums escalating so much? Is there so much new regulation, new requirements for mental health and maternity and other things, that policies end up costing more? But then, Obama had said that premiums would decline an average of $2500 per family. Where did he get this number? Was there a study? Did somebody do a spreadsheet and come up with that? Was there an error in the formula? Did Obama just make it up?
the federal Unaffordable Sucker Act
Really? Is your post serious or are you making a feeble attempt at humor?
I am making a feeble attempt at humor.
Also, pointing out some of the questions that would have been asked if a Republican president had proposed some government program which was so far out of bounds, in terms of costs, impacts, etc. which had been predicted.
He pulled it out of his butt-erball turkey !
It sounded nice ,it had a normalcy bias about it , and he used poetic license !
And you thought this guy only had charisma ...?
Read the Federal Registry (Official Government Document )where expenses and budgetary concerns were released, but not known, since 2010 .
They need to have a policy of some kind just not topped with the bunch of ‘essential’ service that will never be used including pediatric care.
Sorry , I didn’t realize it was an attempt at humor.
I find little humor in RICO by government !
Who did you vote for? (if the answer is Skippy, you can begin the laughter)
It always perplexed me that the US government would push for mandatory health care coverage even after Fukushima. Cancer rates will definitely go up in the US. Now it seems clear what they were doing, increasing the costs of healthcare to handle the added cancer health costs. That seems to be their plan.
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