Posted on 11/19/2015 7:45:20 PM PST by Lorianne
The New York Times reported this weekend, even the words “affordable†and “care†have turned out to be untrue as well. The sharp rise in premiums has garnered the most headlines in the first three open-enrollment seasons of Obamacare, but equally if not more pernicious has been the increase in deductibles. As Eric Pianin explained for The Fiscal Times on Monday, deductibles have increased an average of 11 percent on Bronze level plans for 2016, intended to be the most affordable of all options, and now average over $5700. For Silver level, deductibles rose 6 percent and now average over $3100.
Consumers have to pay both the premium and then thousands of dollars for care out of their own pocket before insurance takes effect.
When the media focused on skyrocketing premiums (rightly so, considering the large serial increases for health insurance on the individual exchanges since the introduction of the Affordable Care Act) its advocates defended the system by pointing out that many on the exchanges qualified for subsidies to absorb the costs. For instance, Obama himself promised, “Most Americans will find an option that costs less than $75 a month,†and HHS Secretary Sylvia Burwell claimed that 80 percent of Americans would pay no more than $100 in premiums after the subsidies.
Those claims may be true, but those subsidies don’t just fall out of the trees; they come from higher taxes on providers and manufacturers, and eventually out of the pockets of consumers, as do all business taxes. However, that defense doesn’t work on deductibles, which insurance companies were forced to raise when the state and federal governments tried to squeeze premium increases for the exploding demand down to a dull roar.
(Excerpt) Read more at finance.yahoo.com ...
RomneyCARE, ObamaCARE, and HillaryCARE are beloved
by the EXEMPT in Congress ... who made money
on the “laws” they cruelly imposed on others.
This act, ACA, Obamacare is sufficient proof government need not be here to help.
I wonder how many HUNDREDS of MILLIONS.
Administering CommieCare is like herding cats through a maze of angry dogs!
What!!! You mean Obama lied to us?? Yes...again.
I got caught in the Obama care trap.
My plan has been cancelled and what is offered is ridiculously
expensive and inadequate.
Major catastrophe insurance at full coverage prices.
I think that’s what Obama said? Right?
ObamaCare was supposed to fail, it was intended to pave the way for Single-Payer.
I am paying for what they claim is full coverage, but it reality it would only be useful in a major medical emergency. But hey, I save that pesky $20 co-pay for a routine appointment.
Many of the 30 million who were uninsured pre-Obamacare are still uninsured under Obamacare.
It was and is a scam from start to finish.
Well - It is affordable for Obama and Nanny Piglosi.
If a private insurance company pulled this crap, everyone from the CEO to the janitor would be behind bars.
ObamaCare was implemented to fund Medicaid at the barrel of a gun.
Now back to our regular program.
“Bronze level plans for 2016, intended to be the most affordable of all options, and now average over $5700.”
Yet your HSA Contribution is still a maximum of $6750 regardless of the number of family members.
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