Even President Obama’s cheerleaders in the media are unable to ignore the unfolding disaster known as Obamacare. I’m not talking about the website disaster, which at some point can be fixed. What they’re noticing is that many Americans, mostly the middle class, are finding out that the cost health insurance is skyrocketing as a direct result of Obamacare.
The LA Times ran a big story about how the cost of health insurance is going up for many Californians.
“This is when the actual sticker shock comes into play for people,” said Gerald Kominski, director of the UCLA Center for Health Policy Research. “There are winners and losers under the Affordable Care Act.”
Fullerton resident Jennifer Harris thought she had a great deal, paying $98 a month for an individual plan through Health Net Inc. She got a rude surprise this month when the company said it would cancel her policy at the end of this year. Her current plan does not conform with the new federal rules, which require more generous levels of coverage.
Now Harris, a self-employed lawyer, must shop for replacement insurance. The cheapest plan she has found will cost her $238 a month. She and her husband don’t qualify for federal premium subsidies because they earn too much money, about $80,000 a year combined.
“It doesn’t seem right to make the middle class pay so much more in order to give health insurance to everybody else,” said Harris, who is three months pregnant. “This increase is simply not affordable.” (Read More)
That’s socialism for you. But hey, it’s not like people weren’t warned. Too bad the media didn’t listen to conservatives before they passed this mess so we could find out what’s in it.
Even Politico is getting in on the action of actually reporting the news.
President Barack Obama has said it again and again: Obamacare is more than just a website. And he’s right — the Affordable Care Act’s benefits aren’t limited to healthcare.gov.
Neither are its hangups. …
Consumers are suffering from sticker shock; a major cross-section of previously insured Americans are finding out that their plans are changing to conform with Obamacare even though the president promised they wouldn’t; evidence of customer satisfaction is anecdotal; and there’s still no guarantee that the young “invincibles,” who must make up 20 percent to 30 percent of the pool to make the exchanges work, will actually enroll. …
Despite assurances from the White House, insurers are sending out cancellation notices by the tens of thousands in states around the country. That’s because a bunch of carriers are discontinuing the plans they sold in the individual market. Sure, some are offering to transition the people over into their new exchange plans — but it is, at a minimum, inconvenient. For some, it’s more than that: there are people happy with the cheaper, leaner coverage they have now and don’t want to shell out for the expanded benefits. Now they have to.
The few people who made it through the website are seeing their options for the first time, and some are not happy about what they’re seeing. Those with lower incomes are eligible for substantial subsidies, but middle income folks making 400 percent of poverty or more don’t get a thing, and the new insurance market rules are driving their premiums way up — in some cases doubling them, or more. (Read More)
One doesn’t need to be an actuary or an accountant to do a cost/benefit analysis. How many young, healthy Americans are just going to opt out because the cost of insurance is now too high? Without those young, healthy Americans “paying their fair share” the whole thing is going to come crumbling down, which is probably by design.
Update: In related news, CBS told the story of a Florida woman whose health premium is now going to be ten times higher.