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The Hidden Cost Chickens in Obamacare Coming Home to Roost [Read this]
American Thinker ^ | May 30,2104 | Brian C Joondeph

Posted on 05/30/2014 3:15:12 PM PDT by upchuck

...One of the selling points of Obamacare was the lowering of health insurance costs. Nancy Pelosi promised, “Everybody will have lower rates.” President Obama was more specific, telling us that his signature program would “Bring down premiums by $2,500 for the typical family.” A year later, however, Mrs. Pelosi, in the face of rising premiums for many, forgot her promise of the previous year, "I don't remember saying that everybody in the country would have a lower premium."

Mrs. Pelosi’s sudden bout of amnesia isn’t surprising. Health insurance premiums rose up to 56 percent under Obamacare and some of her constituents in California are paying over $2600 per month in premiums.

Premiums are just the opening salvo for consumers paying for health care....

It’s the hidden costs that will thin your wallet. Copays, deductibles, and coinsurance to be specific. Insurance behemoth Cigna reassures us that these added costs, “All work together to help reduce your medical expenses and protect your finances.”

The copayment is a fixed amount, typically between $20-40, that you pay each time you access the healthcare system – physician visit, x-ray, laboratory, etc.

Coinsurance can take a bigger bite out of your wallet. It’s not a fixed cost, but instead a percentage of your bill. Once you meet your deductible, you may still have to pay anywhere from 10 to 30 percent of your medical bill based on your policy coinsurance percentage.

The largest hit on your wallet, however, is the deductible. It’s this amount that you pay in full before insurance pays anything. Family deductibles range from $6000 to $10,000 for the most popular silver and bronze Obamacare plans. Until meeting the deductible, you might as well be uninsured, paying cash for your medical care.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Crime/Corruption; Culture/Society; Government; News/Current Events
KEYWORDS: obamacare; obamalies; pelosilies
This excerpt edited fairly severely to meet the rules.

Suggest reading the entire article.

1 posted on 05/30/2014 3:15:12 PM PDT by upchuck
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To: upchuck

Costs going up. Quality going down.

Heckuva job Barry...


2 posted on 05/30/2014 3:18:49 PM PDT by tips up (Living is easy with eyes closed, misunderstanding all you see.)
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To: upchuck

ObamaCare:

High cost, low service health insurance with a gun to your head forcing you to buy it.


3 posted on 05/30/2014 3:19:20 PM PDT by headstamp 2 (What would Scooby do?)
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To: upchuck

In the private market, high deductible plans come with lower costs and with higher maximum limits. It’s the best most efficient way to insure.

With government, high deductibles come with high prices and lower maximums. It’s bass ackwards. Its gummint.


4 posted on 05/30/2014 3:21:30 PM PDT by C. Edmund Wright (Do NOT suffer fools gladly┬ůand message boards are full contact arenas)
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To: headstamp 2

“Progress”


5 posted on 05/30/2014 3:24:28 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: upchuck

There was nothing in Obamacare to reduce costs.

Obamacare had only one goal, shift the costs on to someone else.

All the fools that voted for it thought they’d be passing their expenses on to someone else. Many are now finding out they are the “someone else”.


6 posted on 05/30/2014 3:26:12 PM PDT by DB
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To: upchuck

Totally unexpected /s


7 posted on 05/30/2014 3:26:17 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: upchuck

How could anybody call a policy with a $6,000 to $10,000 deductible and monthly premiums over $350 affordable? If I get dumped into 0bama’s exchange I will pay the fine and not buy 0bamacare, as will most people with any common sense. It would be better for me to pay cash for medical care in Mexico.


8 posted on 05/30/2014 3:31:11 PM PDT by forgotten man
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To: C. Edmund Wright
It’s bass ackwards. Its gummint.

Precisely! Too bad there's apparently a bunch of LIVs that can't figure this out.

9 posted on 05/30/2014 3:39:36 PM PDT by upchuck (Support ABLE, the Anybody But Lindsey Effort. Yes, we are the ABLE!!)
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To: upchuck

Why a bunch of American’ts let Zero and the DemRats skate by on the lies that they would receive up to $2500 premium reductions when the opposite has occurred is beyond stunning? What if one purchased an airline ticket at a discount price but when getting to the terminal check in are forced to pony up a bunch more unexpected ‘fees’ before boarding the flight? The analogy is not so far fetched.


10 posted on 05/30/2014 3:47:21 PM PDT by tflabo (Truth or Tyranny)
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11 posted on 05/30/2014 3:49:54 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: upchuck
As if all this isn't bad enough, then you get a big fat bill from the IRS because that subsidy everyone is so initially happy about was calculated incorrectly or something changed in your status. Surprise!

Are ObamaCare's Tax Credits Harmless? The Little Understood Dark Side Of The Subsidies

Republicans have by and large ignored the tax credit issue unless talking about the budget implications. Perhaps the silence is due to the fact that Congress has voted to change ObamaCare twice to increase the financial risk that families could face when they take the credit.

Since the enactment of ACA, these limits have been amended twice: first under the Medicare and Medicaid Extenders Act of 2010 (P.L. 111-309), and then under the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayment Act of 2011 (P.L. 112-9). Congress changed the payback protection to vanish at the 400% poverty level and increased the payback amounts at 200% and 300% FPL from what they had been before.

The result will be surprise bills from the IRS in the mail come tax time 2015, in the order of a couple hundred dollars all the way up to full value of any subsidy received if a family crosses the 400% FPL threshold. (This could be $10,000-$12,000 for a family of four, as an example.) Just a few dollars of extra income could result in thousands of back taxes to be paid.

12 posted on 05/30/2014 4:16:30 PM PDT by Qiviut (Obama: A Caesar at home & a Chamberlain abroad, dividing the country & uniting the world against us.)
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To: forgotten man

Depends on your age and likelihood of getting something bad.

Having had 2 surgeries and 39 radiation shots for cancer, I can tell you 6 to 10 grand is like the sales tax on the totals.


13 posted on 05/30/2014 4:21:32 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: forgotten man

It would be better for me to pay cash for medical care in Mexico.

************************

Just make sure you didn’t leave the BB gun in the trunk when you go [/sarc]. Seriously, a lot of care can be paid for by cash before insurance companies ever pay a dime under Obamacare ... assuming you can even find a doctor/hospital who will take Ocare. When you go without insurance and pay cash, the financial risk of something catastrophic happening is still there, but that is part of the freedom to make your own choices.


14 posted on 05/30/2014 4:23:17 PM PDT by Qiviut (Obama: A Caesar at home & a Chamberlain abroad, dividing the country & uniting the world against us.)
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