When Obama unveiled his overhaul of the U.S. healthcare system, many nicknamed it “Obamacare” in order to tie the legislation to the controversial president. The most damning name available, however, may just be it's official title, The Affordable Care Act, because nothing could be more ironic, or further from the truth.
Don't take my word for it, here's a testimonial from Breitbart.
Before ObamaCare came along, I was paying $170 a month for a single-person catastrophic health care plan. My deductible was $10,000 a year. At the time, I was healthy, around 40 years-old, didn’t smoke, didn’t drink, didn’t use illegal drugs, and had my weight under control. After repeatedly promising to lower my health care costs by more than $2,000 a year, under his “Affordable” Care Act, my premiums have nearly tripled.
Today, I am 49 year-old non-smoker, non-drinker living at a healthy weight, and during this current enrollment period, the cheapest ObamaCare premium I could find costs a whopping $450 a month, with a $6600 annual deductible.
That is $450 a month right out of my pocket. Barring an unforeseen catastrophe for a guy who never leaves his house, there is no realistic scenario where I will even come close to hitting that deductible.
For the last 3 years, I have been paying 100% of my medical expenses out-of-pocket. I’m no hypochondriac but I do take my health seriously. I don’t skimp on check-ups, or tests, or anything. Even so, my annual medical expenses run around $3000.
In other words, if I buy this crummy plan, on top of that $3000, for no valid or responsible reason, I’ll be paying an addition $5400 a year for an ObamaCare plan I will never ever use. That is $5400 right out of my pocket. Lost money that could go into my retirement or towards my mortgage or to turn my Amazon wishlist into reality (well, part of it).
This report may not be surprising, but that makes it no less important. While many citizens silently curse the amounts they now have to pay, the publication of these stories must happen so that there is an urge to fix the problem.