Betsy McCaughey, who knows as much about Obamacare as anyone who wasn’t involved in writing it, offers a preview of the new disasters about to unfold as the health care law kicks in. If the law were a disaster film, her article could serve as the trailer for part 2.
She expects a wave of premium defaults, and explains why even the AMA, a big proponent of the law, is worried:
First-time insurance purchasers, especially those living paycheck to paycheck, will be shocked by ObamaCare’s high deductibles, about $3,000 for the silver plan (the most commonly selected) and $5,000 for the bronze plan (the most affordable).
Basically, you’ll have to pay thousands out of pocket for appointments, tests and prescriptions until you reach your deductible.Millennials who heard Obama say on “Between Two Ferns” that they can buy a health plan for the price of a cellphone contract won’t be laughing when they realize what the $5,000 deductible means. (It’s like a cellphone contract that makes you pay $5 a text for your first thousand texts.) Rather than pay thousands out of pocket for care while also paying premiums, some will quit paying premiums.Makes perfect sense to me. The billion dollars or so of Obamacare advertising, marketing, and promotion neglected to mention that you would need to lay out several thousand dollars each year before you could collect a dime in benefits. Misleading advertising?Then there are the premium hikes coming our way:
Consumers reeling from ObamaCare premium shock are in for another jolt when the 2015 rates come out.Overall, consumers had to pay far more for individual plans this year. In some states (Delaware and New Hampshire), rates went up 90 percent
(Excerpt) Read more at americanthinker.com ...
