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. Pelosis sudden bout of amnesia isnt 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....
Its 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. Its 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. Its 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 ...
Suggest reading the entire article.
Costs going up. Quality going down.
Heckuva job Barry...
ObamaCare:
High cost, low service health insurance with a gun to your head forcing you to buy it.
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.
“Progress”
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”.
Totally unexpected /s
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.
Precisely! Too bad there's apparently a bunch of LIVs that can't figure this out.
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.
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.
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.
It would be better for me to pay cash for medical care in Mexico.
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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.
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