We have maintained from the very beginning that Obamacare is a deeply and fundamentally crony program. It was passed using parliamentary tricks without even 1 vote from the GOP. It was written in conjunction with the the pharmaceutical and insurance lobbies. It was and is a giant adventure into political Boneheadistan and now many people are stuck with the system.
Super high deductibles and IRS fines are the order of the day for many middle and working class Americans. Yet another hassle. Yet another expense.
There is some solace in knowing that Obamacare is fairly steadily dying on the vine. But it’ll do plenty of damage before the program is totally dead. (If it is ever completely killed.)
It should be noted that the current high deductible plans which define Obamacare were available long before anyone heard of Obamacare. Nothing’s changed for many folks except they now have the IRS lurking over their shoulder and they’ve been roped into the federal bureaucracy. Often at higher cost.
While a greater number of Americans having health insurance is a good thing when it comes to protecting against unexpected catastrophic events or extended hospital stays, it doesn’t tell you anything about two very important variables: 1) How much does it cost? 2) What kind of access does it provide? As usual, the devil is in the details.
We’ve all seen headlines about higher monthly premiums, but that’s just the tip of iceberg. Once you’ve paid your premium, you’re far from off the hook. Another one-two punch of deductibles, copays and out of pocket maximums appear which can collectively run into the thousands if not tens of thousands of dollars for families.
Meanwhile, it appears insurance companies may have recognized the politically toxic nature of higher premiums, so their focus has turned to deductibles as the most efficient way to suck more money from the public for no comparable increase in service.