My math (or hearing) must be off.I thought I heard “$2,500 a year savings”.
Oh, you heard right. Only, the message was totally bogus.
But with repeal of the individual mandate, which included the payment of an escalating scale of fines to the IRS in lieu of providing proof of medical coverage, it becomes an easy choice to drop medical insurance coverage altogether and just pay out of pocket as you go, but only for the most pressing of medical problems. The extraordinarily high deductibles in these plans meant that essentially, there was no coverage whatsoever until the spend-down had reached catastrophic levels, and there was no provision for a health savings account to substitute for or mitigate the spend-down out of current income.
My math (or hearing) must be off.I thought I heard “$2,500 a year savings”.
= = = = = = = = = = = =
That is a pull a number out of the sky figure.
The ONLY ones saving anything are those that aren’t paying for it.
I figure if things would have ‘stayed the course’, in a couple of years the ‘havenots’ would be demanding the 2500 in cash to themselves.
And under the plan, somewhere in the 3,000,000 (give or take a page or two) pages is probably a clause legalizing it.
I doubt ANYONE alive today will read the ENTIRE BILL in their lifetime.