November 1st – ACA Enrollment Day

I think I understand why they selected the day after Halloween as the enrollment day for Obamacare. After being visited by all the ghouls and goblins at your doorstep, you probably have a higher tolerance for scary shit. If not, you can always self-medicate with candy.

I wrote about this topic back in 2010 and again in 2013, during my angrier days, so my position has always been clear. I was very critical of it and said why in these two posts: Health Care Reform &  HCR: Why Do I Have A Problem With This, but I wasn’t alone on this topic. A lot of folks, including Dr. Barbara Bellar were also critical. Turns out, we weren’t wrong.

Now, I am one of the lucky ones, as I have coverage through my former employer, so this really doesn’t impact me. However, I thought I would share this comparison with you because it is pretty telling. I’m not going to get into the minutia, because that’s just stupid. Numbers speak for themselves.

From 2010 – 2015, I had BC / BS EPO. I had moved out of New York, so I needed a plan that would give me nationwide coverage. With this plan there were ZERO deductibles, just a co-pay. I went to whatever Dr. I wanted and any facility / hospital I wanted. The monthly price in the beginning was just under a $1k ($12,000 annually) a month. This covered EVERYONE in my family. In 2015 that monthly amount had gone up to just over $1,400 ($17,000 annually) and we were notified to expect an increase. Obviously I don’t have thousands of dollars to waste every year, so we switched back to our old insurance.

Now I pay only a few hundred, but the problem is that it is NYC based medical, everything is out of pocket and I have substantial deductibles. I guess if anything major happens it will be cheaper to fly back to NY to get it taken care of.

Today, just for a laugh, we decided to check out the awesome plans available to us through the ACA.

I would suggest that you grab that leftover bowl of candy and a drink, preferably a (strong) alcoholic one, as you continue to read.

Remember the plan I had back in 2010 – 2015. I assume, based on coverage, that it would be considered either a Gold or Platinum plan. That is important to remember.

After we entered ALL the pertinent information we were happily notified that we had several plans to select from. For the sake of this post, I’m going to stick with the cheapest plan (Bronze) and not bore you with the rest.

Long Story Short: For the incredibly low rate of only $1,800 a month ($21,600.00 annually), my family can enjoy the amazing benefits of medical insurance, which will all be covered, AFTER we meet our annual family deductible of only $14,000.00.

Seriously?

I have to get a job making over $35,000.00 a year just to pay for my medical insurance?

WTF?

I’m sorry, but you mean I could go back to my old (Gold / Platinum) plan, see who I want, when I want, with a minimal ($15.00) co-pay and pay thousands less than the Obamacare (Bronze) plan with a ZERO annual deductible……… ???

Are you people in D.C. smoking Crack ???

This is what you get kids, when your elected representatives don’t read something before they sign it into law. It is the reason that 70% of Americans want this repealed. You were lied to.

I can’t wait to see how they spin this one.