I did research on the topic of availing this household of the "cheap ObamaCare policies" in 2010, shortly after ObamaCare was thrust upon our nation by Congress and the Obama administration. At that point in time, Mr. AOW was paying $584/month, and I, in the same age bracket, was paying $256/month for our separate private policies. The difference in those premiums is attributable to Mr. AOW's having pre-existing conditions even before his stroke [We have had health insurance all of our married lives, some 40 years], whereas I do not have any pre-existing conditions. Each of our policies at that time had an in-network deductible of $2500/year with a maximum of $5000/year in-network out of pocket. No prescription coverage whatsoever was included.
Those ever-touted-by-the-Left "cheap" health insurance policies" mandated by ObamaCare and subsidized by the government in 2010 went begging, that is, people were not signing up. It's easy to understand why if one considers the above.
So, how do those "cheap ObamaCare" policies scheduled to go in force in 2014 work? Below the fold is what I have gleaned so far about taking preemptive action in advance of 2014.
1. One has to be without ANY health insurance for at least a full six months before applying. One cannot just drop the policy that one already has and sign on! Furthermore, one may enjoy health that is fine and dandy one minute but a distant memory the next. Think of what can happen at any age if one has a horrific car accident!
2. These policies have a minimum of $2500 deductible right off the top, with a sliding scale thereafter: usually 70-30 or 80-20. Usually there is an out-of-pocket maximum around $6000.
3. These policies typically offer no prescription coverage. The best work-around is joining a pharmacy club such as Walgreen's offers.
Now, on to ObamaCare regulations taking effect in 2014 and a personal example.
I know someone who makes, at best, $14,000/year before taxes. Her employer does not provide health insurance. She can find no other work; besides, she is nearly sixty years old. Her rent is $700/month, with utilities extra. Her car, a requirement for her employment at this company, is paid for but aging and, therefore, goes into the repair shop for the occasional pricey repair. She has not taken any kind of vacation in at least fifteen years. Clearly, she cannot afford to buy health insurance right now!
ObamaCare will help her, right?
Maybe. But how much?
See THIS CHART and THIS CHART. My friend's best-case ObamaCare scenario based on current figures: an annual insurance premium of $650, with a maximum annual deductible of $2000 for the single individual How is she going to manage that annual deductible if "the bad thing" happens?
Interactive calculator: What does the Supreme Court's health-care ruling mean for me?
DO THE MATH!
There are many such individuals and couples all over the United States in a similar plight!
As for the underlying principle of ObamaCare, it is this:
OBAMA: TAXING EVERYTHING YOU DO AND EVERYTHING YOU DON'T DOWhat will another four years of the Obama regime bring?
Please watch (hat tip):
Here is the reality that may touch YOU: 75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K a Year (Video)
Vote accordingly in November 2012.