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Are You an ObamaCare Sucker?

Obamacare lies
Yesterday marked the official “deadline” for signing-up for ObamaCare. Did you rush around to get signed-up and comply with the law? 

If you did, you’ve been played for a sucker not only because – by executive fiat – President Obama has once again simply refused to enforce the “settled law of the land” and extended the deadline, you’re also going to pay more, a lot more, for your insurance next year.

A million or so Americans have signed-up, and we suspect many are like Adrienne Matzen, 29, an actor in Chicago who's mostly been without insurance since she turned 21, who told Associated Press Medical Writer Carla K. Johnson, "I am so deeply clueless about all of this."

Though she needs regular care for asthma and a thyroid condition, she says she's looking for a low monthly premium because she makes less than $20,000 a year. 

If you are a young healthy working American, once again, you’ve been played for a sucker by your government, because you are going to subsidize Ms. Matzen’s medical care, and her choice to work at a job that pays less than $20,000.

As AP explains it, the new federal and state health insurance exchanges “offer policies ranked as bronze, silver, gold and platinum. The bronze options have the lowest monthly premiums but high deductibles – the amount the policyholder must pay before the insurer picks up any of the cost of medical care.” 

"The real big surprise was how much out-of-pocket would be required for our family," David Winebrenner, 46, a financial adviser in Lebanon, Ky., told AP his deductible topped $12,000 for a family of six for a silver plan he was considering. The monthly premium: $1,400. 

On average, a bronze plan's deductible is more than $4,300, according to an analysis of marketplace plans in 19 states by Avalere Health AP cites in its reporting. “A consumer who upgrades to a silver plan could reduce the deductible to about $2,500. A top-of-the-line platinum plan has the lowest average deductible: $167.”

Comprehensive data on premiums isn't available, but in one example, a 30-year-old in Chicago would pay an average of $222 per month for a bronze plan, $279 for a silver or $338 for a platinum – a spread of more than 50%.

Subsidies aren't available for individuals making more than $45,960, so the clueless Ms. Matzen is OK there, but here’s how even those getting an ObamaCare subsidy are suckers.

When you need health care, not health insurance, it is not the insurance premium, but the total cost of delivering the health care services through your insurance policy that counts, and a person making less than $20,000 a year is unlikely to be able to pay a $4,300 deductible. 

Hospitals are now worried that those who, as the AP’s Carla K. Johnson put it, “rack up uncovered medical bills next year won't be able to pay them, perpetuating one of the problems the new health care system is supposed to solve.”

So if you bought Obama’s line that your insurance premium would go down, you’re a sucker; if you rushed around to get signed-up before the deadline you’re a sucker, because there are no deadlines in the law except the ones Obama keeps in his head; if you thought your total cost of health care would go down, you’re a sucker; if you run a hospital and thought ObamaCare would lower the number of non-paying uninsured patients you are forced to serve you’re a sucker; if you go to a hospital you’re a sucker because you will still be subsidizing those who can’t pay their deductible; if you’re a healthy middle class worker you’re a sucker because you are subsidizing those with pre-conditions and the aged; if you are a taxpayer you are a sucker, because you are subsidizing the life and career choices of many who could pay their way, but choose not to; and, if you voted for Obama because you thought you could make all the above problems go away and keep your insurance and your doctor you’re the biggest sucker of all.

Are you an ObamaCare sucker? Click here to take our Obamacare quick poll and tell us about your experience with ObamaCare in the comments area below.

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