Posted on 12/08/2013 5:48:10 PM PST by tobyhill
The Affordable Care Act has dramatically increased the cost of buying a health insurance plan on the individual market in California, Texas, Florida, New York, Illinois, Georgia, and North Carolina, states that account for more than half of America’s uninsured adults, according to a study by Sector & Sovereign, a sell-side firm that focuses on advising investors what sectors to put their money in.
Worse, the firm argued in a note earlier this week, the increases in cost are most substantial for the young.
According to S&S, the average deductible – the amount of money you spend out of pocket before your health insurance kicks in– for plans purchased by a 21-year old man in 2013 was $3,649, bought at an average monthly premium of $144. To purchase a plan with the same deductible now, a 21-year-old would have to pay $261, an 81% increase.
(Excerpt) Read more at forbes.com ...
MOST AWESOME! Thanks for providing the health sherpa link.
And they did it in a few days. Just goes to show how really screwed up healthcare.gov was/is.
Yeah, it may be crappy coverage, but at least it’s overpriced.
The feral government has no need to be constrained by reality. If they don't have enough money for something, it merely means they haven't raised taxes enough yet.
She’s being “allowed” to buy Sandra Fluke’s birth control.
Can’t slip anything by those steely-eyed journolists at “Forbes”. This has been evident since October and entirely predictable since Obamacare was first proposed.
Welcome to reality!
“For a 64-year-old man, the cost of a plan with a $3,494 deductible increased 64% to $806.”
For a healthy 64 year old, that means they are $9672 plus have $3494 deductible. That’s $13,166.
Hell, they’d be better off saving the cash and having about $150k in the bank by 74. Or hidden in gold bars with a way to get surgery in Thailand.
“Young employed people will avoid this like the plague, damning obamacare to oblivion. Everybody at Free Republic saw this coming. “
Exactly what you’d expect from someone who never ran a lemonade stand. And yes, we all saw this coming. Even better, wait till Doctors aren’t paid and start dropping out. Saw that coming too.
Hannity recently had two PROFESSIONAL web site developers on his TV show. He asked them both how much they might have charged to construct a secure web site that functioned as necessary from the git go: Their TOP figure was around $10 million!!
That's much more than one well respected US IT firm offered to do the project for: THEY'D HAVE DONE IT FOR FREE!!
Compare those to the estimated $1 BILLION this SOB has shuttled to his cronies for this turkey and I think even the most devoted obozo worshiper can grasp the magnitude of the CORRUPTION in this on-going CRIMINAL ENTERPRISE!!! (Well that's almost certainly an overstatement...)
QUESTION: WHERE THE HELL IS CONGRESS IN ALL OF THIS?
ANSWER: On their computers checking their numbered Swiss accounts to be certain the proper amount was deposited!!!!
IF THIS DOESN'T P.I.S.S. Y.O.U. O.F.F. you aren't paying attention and you're certainly too stupid to vote.
We need an angry electoral tsunami to sweep the parasites on the regular, COMMON SENSE citizens who have READ and UNDERSTAND the CONSTITUTION!! Anything short of that and we're TOAST!!
Those don’t seem right, too low. The highest priced bronze plan is over $200 a mnth less than what shows for us on CoveredCa.
The actual rates an individual pays vary by where he is.
The Weekly Standard link I posted explains the average calculation, and the healthsherpa link gives a very easy calculator (including subsidies) for actual rates by specific zip code.
I'm not aware of any mistakes in the numbers, which is not to say there aren't any. If you get a different rate from the healthsherpa calculation than what you've actually been quoted in real life, then of course there's a problem somewhere.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.