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Death spiral? Short-term health plans grow as cheap alternative to ObamaCare
foxnews ^ | Oct. 29, 2014 | Maxim Lott

Posted on 10/29/2014 3:14:53 PM PDT by PROCON

A fast-growing, short-term alternative to ObamaCare that allows customers to get cheap, one-year policies could put the government-subsidized plan into a death spiral.

The plans, the only ones allowed for sale outside of ObamaCare exchanges, generally cost less than half of what similar ObamaCare policies cost, and are increasing in popularity as uninsured Americans learn they are required to get health coverage. The catch -- that the policies only last for a year -- is not much of a deterrent, given that customers can always sign up for ObamaCare if their short-term coverage is not renewed.

“Applications rose 30 percent compared to last year,” eHealthInsurance.com Enrollment Specialist Carrie McLean told FoxNews.com.

Other providers said they also see rapid growth in the plans, which have a typical monthly premium of just over $100, compared to traditional plans that cost an average of $271.

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


TOPICS: Culture/Society; Government; News/Current Events
KEYWORDS: 0carenightmare; healthinsurance; obamacare; shorttermhealthcare; shorttermhealthplans; shorttermpolicies
It'll be interesting, maybe even ironic, if the capitalistic, free market system is the death knell for 0bamacare.
1 posted on 10/29/2014 3:14:53 PM PDT by PROCON
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To: PROCON

Obama will just EO them into Gitmo.


2 posted on 10/29/2014 3:19:41 PM PDT by stephenjohnbanker (The only people in the world who fear Obama are American citizens. KILL THE BILL!)
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To: stephenjohnbanker

LOL, good point!


3 posted on 10/29/2014 3:20:30 PM PDT by PROCON (Ask Yourself This..Are You More Likely to be Infected or Beheaded Today Than You Were 6 Years Ago?)
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To: PROCON
...as uninsured Americans learn they are required to get health coverage.

It amazes me that Americans are willing to submit to a fascist dictat like that in any way shape or form.

4 posted on 10/29/2014 3:48:55 PM PDT by TigersEye (ISIS is the tip of the spear. The spear is Islam.)
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To: PROCON

nanananana hey hey good bye


5 posted on 10/29/2014 3:53:38 PM PDT by yldstrk (My heroes have always been cowboys)
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To: yldstrk

But, but, it’s settled law, just ask John Roberts.


6 posted on 10/29/2014 3:56:33 PM PDT by PROCON (Ask Yourself This..Are You More Likely to be Infected or Beheaded Today Than You Were 6 Years Ago?)
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To: GreyFriar

ping for Selso


7 posted on 10/29/2014 4:15:29 PM PDT by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
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To: PROCON

Thanks so much for posting this. My son is going from a traditional job to independent contractor status right about now. This sounds terrific. Won’t it be great if Obamacare (unintentionally of course) makes the health care scenario way way better for consumers???? Perhaps America CAN withstand this onslaught of socialism creatively.


8 posted on 10/29/2014 5:08:54 PM PDT by Persevero (Come on 2016)
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To: PROCON

Anyone else interested in this subject, also look into Psalm 23 ministries and/or I think Good Samaritan - they are approved alternatives to Obamacare but they are Christian ministries so you must subscribe to a set of standards like not getting drunk, etc.


9 posted on 10/29/2014 5:10:30 PM PDT by Persevero (Come on 2016)
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To: PROCON

$100 a month is not “cheap.”


10 posted on 10/29/2014 9:52:16 PM PDT by ViLaLuz (2 Chronicles 7:14)
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