My son in law works in the Boston area for the Dutch company ING, one of the largest companies in the world.
ING owns several Insurance companies amongst other things.
His rate went from $350/month to $750/month and his deductible went from $2,000 to $5,000. -Tom
I simply do not know how some people can absorb that cost, and go so meekly to the slaughter, he must have a hefty take home salary, but still
apparently Obama is deluded and thinks everyone except his peeps has a lot of extra money they don’t need
Good Lord! My company owns many insurance companies as well, but NOT HEALTH CARE related. Fire/Home/Auto/major marine/bail bonds, etc. What I have noticed is we are currently buying up many, small insurance companies and they are letting almost all of the workers go, but we get the extra work with no new employees. Not complaining though. I stay very, busy and have a job w/ good insurance. Good enough these days.
The plans I am seeing are not only more expensive, the coverage has changed from traditional policies. The basic physical is covered up front, however if you have to see the doctor for any other reason, you must meet the deductible first before the doctor co pay applies. Same for drugs, you have to meet the deductible before co pays apply . When you add in the cost of insurance plus the deductible, most will pay 10 thousand or more before co pays and maximum out of pocket kicks in. Whoever dreamed up these plans must have been working with the Insurance companies, because they are gonna make a killing.
That sounds pretty typical. If anything, the deductibles aren't as bad as others I have heard.
In any case, that translates to an added yearly cost of from $6,000-$9000 depending on how much medical care he uses. That's like another mortgage or fancy car payment, no?... except you aren't building equity in anything except Obama voters.
I guess he's not one of those legions of lucky people who are saving an "average" of $2500 on his health care, is he? We haven't heard much from those people yet, but I'm sure they are out there, right?
Thanks, Mr Obama! - GDNMF