In Dave Hart’s Dec.12 “commentary” on my letter of Dec. 4 calling for the repeal of Obamacare, he said that I “provided no other information” other than the $480-per-month premium of my old policy versus the $1,150-per-month premium of a Covered California policy. He goes on to say that “the fine print in a policy that cheap needs some checking” and the blanket statement that “these low-cost policies offer no guarantees on the maximum out-of-pocket payments.”
Apparently, Hart does not have to shop for insurance.
As I said in my letter, $480 per month covered my wife and me with the “virtually same policy by the same insurer” (Anthem Blue Cross) now costing $1,150 on the exchange — a premium increase of $8,000 per year. That seemed complete and concise to me.
Expanding further, the types of coverage were identical in my side-by-side comparison — same policy. And the maximum out-of-pocket comparison for one year is $12,700 Obamacare Bronze plan and $17,000 “old policy.” Including premiums for the year, if something serious happened to my wife and me, the totals out of pocket are $25,500 Obamacare Bronze plan versus $22,760 my old policy — virtually the same policy.
Needing more in premiums, the insurance companies knocked down the back-end deductible and boosted the front-end premium for Obamacare. My wife and I are very infrequent users of medical care, so $480 for that policy worked for us. An additional $8,000-per-year premium puts it out of reach.
Apparently, it is hard for Hart to believe a good policy (such as the Obamacare Bronze plan) could be “that cheap.” It was last year.
So far, the self-insureds are the only ones implemented on and feeling the pain. In spite of how “wonderful” and “affordable” ACA is, the president delayed the implementation for large employers for a year. Then he did the same for small employers. Seeing the writing on the wall for insurance premium increases for 2015, he moved back the unveiling of those insurance rates until 10 days after the 2014 election to protect his party. These are ominous signs for how costly in dollars (premiums and taxes and debt) this is all going to come out.
While not letting us in on his insurance situation, Hart feels comfortable waiting a year to pass judgment, and thinks so should we. There is plenty of data, not including my situation, to show that Obamacare should be repealed and some other solution found.