No plain insurance plans anymore under BammyCare. Just rerouted medical payment plans with insurance tacked on.
After I was laid off in ‘97 I got a catastrophic care plan. It cost $1,100 and only covered me if I went into the hospital for an operation or broken bone, etc. It did not cover drugs or office visits, unless they were related to hospitalization. It was a great buy. I spent 20 minutes in surgery for a hernia and the bill was $16,000. But because I had insurance there was a “courtesy” reduction of $4,000 right off the top. Then the insurance company negotiated the price down to $8,000 of which I paid my $2,500 deductible. I feel the whole thing was worth the $2,500 I paid but no more. I was in the hospital building a total of 4 hours but under “care” for less than an hour. The whole problem is the law insists that hospitals fix everything for free. Most of the emergency room visits are people living for free off the system. I watch these people and they’re alcoholics and drug users and their families that are being enabled by the government to indulge their disease and sponge off the rest of us. Obmacare institutionalizes this enabling to the highest degree imaginable.
I can’t wait to see commercials and news stories that show Obama saying,
“if you like your plan, you can keep it”
“your insurance premium will go down by as much as 400%”
“the affordable care act will not increase the deficit”
These actually write themselves, but the right will do nothing about it.
Catastrophic coverage is insurance; everything else is a socialized pre-payment plan. Taken together, the two components make up what we commonly call “health insurance.”
It is also important to realize that government interference so distorts the market that there is another important component to this which I call “club membership.” The pricing of medical services is dramatically dependent on which club (Blue Cross, Medicare, etc) you belong to.
This means that if you are uninsured, you are not in a pricing club. If you’re on the dole and have no assets, then it doesn’t matter. But, if you have some assets, you are charged exorbitantly—you are looted in the most predatory and government supported fashion. We’re talking 50 dollar aspirins, quintuple charges on all tests and procedures. You can see this yourself by looking on your insurance statement and seeing the list charges and the amount the insurance company actually pays.
Even the negotiated amount is inflated from the true cost, because it has to carry all of those who don’t pay at all.
People like these kind of plans because it gives them, as the individual, more control over their healthcare spending.
Obama hates them for the same reason.
I had a low premium/high deductible plan until 2012. Then it became a high premium/high deductible plan. From $3500/yr -$5000 deductible to $12,500/yr - still $5000 deductible. I ask why and the answer is always ACA. (Had previous cancer diagnosis 9 years ago, but no claims after treatment)
Somebody better be getting low cost plans because I’M paying for them.
Obamacare will give this guy his wish, out of pocket caps are being dropped for 2014. He can buy Obamacare and spend lots of money on care too.
If these people voted for Sen. Claire Mccaskill (D-MO) they are getting what they voted for, and they should contact her about their lousy insurance situation. Every Democrat voted for ObamaCare. Don’t let the weasels fool you.
How did they vote?
But they are getting free contraceptives.
Bttt
Obamacare is going to open the market for (illegal) off-shore health insurance.
Pay the small fine/tax, but get superior coverage for less money from insurance companies based in Belize.
ping
Like the...
* Plans College Kids could buy on Campus...
* The McDonald's" Plans....
* Catholic and other faith based plans that don't want Abortion Contraceptive type items in their plans.
This is the One Size fits all mentality. They could have created a structure where HSA's could have been made available to everybody, across state lines and change line 29 on the 1040 to allow anyone to deduct their medical, not just small businesses or get it through your employer.
Instead they went the control route, socialist control.
Worse? Like GM It is the utter distruction of CONTRACT LAW, these are Contracts, that have been eliminated by Federal Fiat. The destruction of Contract Law the last five years is the thing that eveyone misses that Obama and his evil minions have accomplished.