I thought that everything that the Democrats promise was free? Or at least, that only greedy rich employers would pay for it all.
Cindy Vinson and Tom Waschura are big believers in the Affordable Care Act. They vote independent and are proud to say they helped elect and re-elect President Barack Obama.
Yet, like many other Bay Area residents who pay for their own medical insurance, they were floored last week when they opened their bills: Their policies were being replaced with pricier plans that conform to all the requirements of the new health care law.
Vinson, of San Jose, will pay $1,800 more a year for an individual policy, while Waschura, of Portola Valley, will cough up almost $10,000 more for insurance for his family of four.
[...]As state- and federal-run health insurance exchanges debuted across the country offering a range of prices for different tiers of insurance coverage, the new online marketplaces — which represent the centerpiece of Obamacare — could greatly benefit more than 40 million Americans who now lack coverage. But an additional 16 million — who buy individual health insurance policies on the open market — are finding out that their plans may not comply with the new law, which requires 10 essential benefits such as maternity care, mental health care and prescription drug coverage.
In California, 1.9 million people buy plans on the open market, according to officials with Covered California, the state’s new health insurance exchange. And many of them are steaming mad.
“There’s going to be a number of people surprised” by their bills, said Jonathan Wu, a co-founder of ValuePenguin, a consumer finance website. “The upper-middle class are the people who are essentially being asked to foot the bill, and that’s true across the country.”
But what about covering pre-exisitng conditions? Isn’t that free at least?
Even those who don’t qualify for the tax subsidies could see their rates drop because Obamacare doesn’t allow insurers to charge people more if they have pre-existing conditions such as diabetes and cancer, he said.
[...]But people with no pre-existing conditions like Vinson, a 60-year-old retired teacher, and Waschura, a 52-year-old self-employed engineer, are making up the difference.
“I was laughing at Boehner — until the mail came today,” Waschura said, referring to House Speaker John Boehner, who is leading the Republican charge to defund Obamacare.
“I really don’t like the Republican tactics, but at least now I can understand why they are so pissed about this. When you take $10,000 out of my family’s pocket each year, that’s otherwise disposable income or retirement savings that will not be going into our local economy.”
Both Vinson and Waschura have adjusted gross incomes greater than four times the federal poverty level — the cutoff for a tax credit. And while both said they anticipated their rates would go up, they didn’t realize they would rise so much.
“Of course, I want people to have health care,” Vinson said. “I just didn’t realize I would be the one who was going to pay for it personally.”
This is especially bad for young male Obama supporters, who are basically being forced to pay for things they will never use in order to pay for the votes that Obama bought to win the election. (Which is all that wealth redistribution is – it’s vote buying)
Young men will be the biggest losers in the transition to Obamacare, according to a new report by the actuarial and consulting firm Milliman. The report estimates that males as a whole will see an 11 percent increase in insurance premiums, while females as a whole will see a nine percent decrease. Men under 40 will face insurance hikes of 18 to 31 percent; females under 40 will benefit from 13 to 19 percent decreases.
But here’s the real kicker: premiums for young men ages 25-36 could increase by more than 50 percent, and females 25-29 will face a 4 percent increase. In other words, if you’re young, you lose. If you’re a man, you lose. If you’re a young man, you really lose.
Recent news about Obamacare premium costs has tended to focus on whether the premiums will go up or down on average. What this data shows is that these broader national or state averages hide scarier changes in the group-by-group breakdowns. Young people are already the hardest hit by the recession and by the plethora of other entitlement programs that subsidize the boomers. Young men, in particular, are especially hurt by some of the country’s current economic shifts. Passing a law that forces them to shoulder an even greater economic burden and then spending tons of money to convince them to sign up for this raw deal is both cruel and irresponsible.
Oh well, it’s not like young men needed the money for anything. Like marriage and fatherhood. In any case, I am sure that they’ll continue to marry and have children the same as they did before if we just get pastors to tell them to “man up”.