Obamacare Extortion

obamacare
US News: So far, my personal experience with the Affordable Care Act brings one word consistently to mind: Extortion. So when politicians and beltway operatives say things like “Obamacare is the law and people need to accept that,” I’m bitterly disappointed. I’m angry and I know that the person uttering those words has probably never written a personal check for his or her health insurance premiums.
As someone who does pay for her own premiums, I like to think we can do better than suffer the type of extortion that I am experiencing as a self-employed American.
In 2015, my husband and I (both of us are self-employed) will pay $733 each month for our “Bronze” level health insurance plan. Yes, Bronze is the lowest (and the cheapest) of three levels of Affordable-Care-Act-qualified plans.
Our family deductible is $11,000. That’s very high. Here’s a reminder of what a deductible is, courtesy of healthcare.gov:

Deductible: The amount you owe for health care services your health insurance or plan covers before your health insurance or plan begins to pay. For example, if your deductible is $1,000, your plan won’t pay anything until you’ve met your $1,000 deductible for covered health care services subject to the deductible. The deductible may not apply to all services.

Before the Affordable Care Act, there was an inverse relationship between deductibles and premiums. If you, as an individual, wanted a low premium (say $100 or $200 a month), you chose a high deductible (usually around $10,000) plan. If you wanted a low deductible (like the enviable $1,000 mentioned on healthcare.gov), you paid more for your premiums.
Now the relationship between premiums and deductibles has changed. Because the health care law requires all health insurance plans to meet unnecessarily high standards — with benefits exceeding what many people want or need — high-deductible plans also come with high monthly premiums. It’s a bitter pill for the self employed in particular because we also do not have the benefit of buying insurance as a group (where economies of scale and risk pools can lead to more reasonable premiums).
In other words, individuals who bought their own insurance used to be able to choose to the Motel 6 of plans; now they have to choose a Hilton.
It’s fairly likely that my husband and I won’t ever meet our $11,000 deductible. We’ll pay the “Hilton” price of $733 each month (that’s $8,796 for the year) to comply with a law that forces us to purchase health insurance, but we’ll also pay out-of-pocket for our health-care costs with the exception of a few basics (i.e. an annual physical).
Not a great deal, right? Not “affordable.” And also not a choice. It’s the law. If we chose to go uninsured and pay out of pocket for doctor’s visits and medication, we’d be in violation of federal law. We’d be forced to pay a fine.
Pay up or become a lawbreaker. It’s a serious threat, which feels a lot like extortion.
I believe in the importance of having insurance, of protecting myself against worst-case-scenarios. It’s why homeowners’ insurance and car insurance make sense. But each of those cost me and my husband less than $1,000 per year.
Health insurance, of course, isn’t like most insurance. We shouldn’t even call it insurance, honestly. It’s more like a payment plan — where we give our hard-earned money to a big company so that they can then pay our very personal health care bills (an inherently creepy system if you think about it).
And that’s what gold level insurance plans do. They have low or no deductibles, so in exchange for a high monthly premium, your big insurance company will pay for all your medical needs. How lovely — especially if someone else (your employer or the government) pays your premiums.
But those of us in bronze? Not so much. Our payments keep Uncle Sam away; they don’t buy us much else.
This is what the Affordable Care Act’s individual mandate feels like to every self-employed person in America. We’re being forced to buy something that is very expensive — so expensive that it may not be in our economic best interest to purchase it. But we have to.
So don’t tell us this law can’t be repealed or significantly improved. The self-employed and small business owners (who employ half the nation’s private sector workforce) need to have hope — hope that someday we will feel something other than forced and fleeced when we buy health insurance.
obama-finger
DCG

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0 responses to “Obamacare Extortion

  1. Good grief, I bet you feel special now. This is ridiculous. So how much a month is the gold plan? Does it total more than your monthly as well as the 11,000?
    Rest assured, after age 72 expect little to no allowances. A Dr. In Denver stood on the Capital steps and read the bill. Don’t expect mammagrams or even cancer treatment, but hey, we will be paying for the illegals. So I guess we could ask for a tax deduction, since we will all basically be supporting them.

     
  2. Terrific article, DCG! You nailed it!
    And this will be the end of Obama and the Democrats and RINOs. By one means or another, it will be their end. And why? Because virtually everyone gets shafted, even their own base. Only the thugs make out (like in Zimbabwe), and they are few in number. Never mind their boasts that 30 years from now people of European descent will be the minority in America. A lot of big things happen in six years, so thirty years cannot be predicted. And I know a lot of Colombians and Brazilians who are far more Christian and conservative than any of our presumptive rulers among the DemoRINOcrats.

     
  3. DCG, you have presented an outstanding article. There is no doubt that it was formulated to cripple those of the middle class. We still have as many un-insured, but now it is the people who work and produce, rather than the people who lay around and feast on other peoples labor and production. I feel such a disdain for those who: a) forced this crap on us OR b) did not do their due diligence and actually read the bill and judge what the ramifications would be.

     
  4. So if someone doesn’t BUY the forced insurance,the PENALIZE him by attaching his TAX returns (because a PENALTY would be unconstitutional)? What if he decides to stop paying his TAXES,too? If EVERYONE being screwed by this system stopped playing their game,would they not have to stop it? Close down the IRS,end the FED. Repeal ACA.
    It’s absolutely INSANE that you have to pay THEM $1,466.00/month for the privilege of PAYING FOR ALL YOUR OWN MEDICAL. (I’m disabled,so they haven’t done anything to me yet,but I expect them to change the rules to get a slice of me in the future. As it stands,I survive okay on my $1054/mo.,but if anything increases I’ll be back in the red.) I don’t see how ANYONE can afford this ACA BS. If they twist the law to get me roped in,I’m going to sell my house for enough to pay off the mortgage and buy a used RV and just move into a cheap park Maybe I’ll run for a political office-I think I could speak pretty well for the “low income but trying” people.

     
  5. Reblogged this on Red State Zone.

     
  6. I don’t get it [scratch head]. Didn’t Obama promise that when the UnAffordable Care Act is passed, our health insurance premiums will go down? /sarc

    Just another one of his lies that the MSM refuse to report.

     
  7. This bill was designed to destroy the middle class and any chance of economic activity from recovering. Then when the GOP won the Senate, they came out and said they would not try to overturn the Affordable Care Act.
    Make no mistake about it: The aims of this law are eugenic. They cannot kill us outright (yet). So they will kill us economically first. This law forces everyone to accept ridiculously high premiums and deductibles. But that’s not all: Doctors and nurses will leave their professions, hospitals and clinics will close, and services will disappear: If you think you’re going to be able to get an ambulance in a rural area on a weekend of late night, think again.
    There used to be a word for screw-jobs like this: Communism. Think Communism. And eugenics.

     

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