“I can go bankrupt at 40 percent as easily as 100 percent.”
One or two or three stories may be anecdotal – but this is starting to turn into a flood and we have only Obama and Democrats to thank for this. They designed it, they legislated it, they passed it, they regulated it, they did illegal changes (via E.O.s to it), they ran it. And not one Republican voted for it and they ALL ran on getting rid of it (but they’ve proven, as a Party, they can’t get the job done when it really counts). RedDiaperBaby and Jeemo have tried to deflect, discombobulate, and blame everyone except those that did the deeds (er, Democrats) and deny that the stories about the cost of individual plans for those that make too much to qualify for everyone else to pay their bill (e.g., subsidies from the Government).
So, here’s a few more – that hit more to home because they are from NH (and I know some of them as well). Once again, let’s watch RDB and Jeemo try to plug up the Obamacare dike that’s leaking like a sieve. From the Union Leader (emphasis mine, reformatted):
Sticker shock hits NH health insurance buyers
Small business owners and middle-class individuals buying health insurance in New Hampshire have been warned for months that soaring premiums were in the offing for 2018. But once the open enrollment period began earlier this month and they took to “shopping” for the limited options on the Obamacare exchange, the numbers were still eye-popping. Most said they learned that even if they lowered the quality of their health care coverage — raised deductibles, introduced coinsurance payments they would have to make — none of it did much to soften the blow.
Scott Spradling of Manchester, a former WMUR political director, runs his own media/consulting company with his wife, Tracy Caruso, an ex-talk show host on WZID-FM. “I will be spending $24,000 on insurance next year for my family. That is a 50 percent increase,” said Spradling. “This doesn’t include deductibles or copays. What the proverbial hell is going on with health care? Decision makers, if you are listening: fix this.”
Jay Surdukowski of Concord said as a healthy 38-year-old lawyer, it’s hard to accept having to pay this much for insurance he rarely uses. “I’m up 68 percent in a Harvard Pilgrim Gold plan which I don’t use, knock on wood,” Surdukowski said. “It’s like a third mortgage.”
And there’s Alicia Preston of Hampton, who runs her own Seacoast consulting business and has decided she can no longer afford to carry insurance. “I simply didn’t renew my insurance. In addition to the much higher deductible it went to, I had to pay a 40 percent co-pay,” Preston said. “I can go bankrupt at 40 percent as easily as 100 percent.”
David McConville, a retired business executive from Amherst, said he knows many associates in their late 50s and early 60s who are gambling they will remain healthy until they can qualify for Medicare. “That is very dangerous because the older you get, the more complications there are,” McConville said. “We were seeing the cost curve of health care going up and up, and to me the Affordable Care Act is the rocket ship that has taken costs into outer space.”
Obamacare. It will go down as a classic example of what F.A. Hayek called the hubris of knowledge – that a relatively few number of people believed they knew everything they needed to know to make decisions about an entire industry serving 100s of millions of people and not screw it up.
Congratulations – you’ve learned that those few people CANNOT EVER make the right decisions for those millions making decisions for themselves – the crowd is smarter, especially when it is a matter of their own matter and those few is dealing with other peoples’ money.
Yet RDB and Jeemo stubbornly hold these are one-offs. It shows how greedy they are in continuing to desire that Government control the healthcare industry and it’s changing the insurance industry to yet another Government pay-as-you-go program.