We’re among the families that don’t have health insurance, but by choice. We’ve run the numbers. It just doesn’t make sense for us. The most affordable plan we can get has a $10k deductible and runs $240/mo for a family of 3. That’s $2880 per year.
We recently had an ER visit for our daughter due to a broken arm:
Yea, pretty bad. Total cost after the ER Bill, ER Doc Bill, X-Ray Tech, 5 Visits to Cook’s came to ~ $4200.
Now how is this a case against Obamacare? It’s still cheaper to pay out of pocket and the new annual FINE for not having insurance than it is to pay for insurance AND the deductible AND co-payment. In order for it to be a break even situation, our medical bills have to be in excess of about $15k annually.
When Obamacare goes into full effect next year, the annual premiums will most likely go up to about $6k annually thanks to the pre-existing conditions clause.
The best thing out of Obamacare IS the pre-existing conditions, however, the rest of it does more harm than good. There is a clause restricting the difference between the highest amount insurers can charge and the least amount. What does that mean? If an elder person (60) in good health would currently be charged $300/mo for decent coverage and a young person (also in good health), would be charged $60/mo now, that would be a violation. The law dictates that the most an insurer can charge the oldest person is no more than double that of the youngest. So either they are going to lower the elder person to $120/mo (yea right) or they are raising the rate on the younger person to $150/mo for no other reason than Obamacare.
There is also a provision for funding that charges medical device companies 2.9% of sales annually. Some would say that’s great, get the big rich medical companies to pay out more! Well, from what I’ve seen thus far, those medical companies have shelved R&D projects, laid off staff, and cut investment spending. There are R&D projects out there right now that would have massive positive effects and save people millions of dollars, that have now been shelved or killed because of Obamacare.
Or how about the mandatory health insurance for full time employees for employers with more than 50 full time employees? There is a Denny’s Franchise owner that owns 10 locations. He’s had to cut his front line staff to below 30 hours a week and impose a 5% surcharge to all tickets to cover the costs. He’s just being greedy right? Well, had he kept the front line staff at 30+ hours he would of had to pay out an extra $75k/annually PER LOCATION AND increase all menu prices by at least 25% to cover the costs. With the increase in costs his business would suffer thus he’d have to lay off employees thus creating a loop that could eventually lead to having to close down locations.
Or how about the reduced Medicare/Medicaid paybacks to doctors and increased paperwork and restrictions that go along with it? Doctors have stopped accepting patients with Medicare/Medicaid because they can no longer afford to take care of them. Others have decided to close down completely while a few have sold to hospitals to let them deal with it. Few have decided to keep accepting them.
Bottom line, if Obama truly wanted to cut health care costs, he should of went after the real problem instead of creating one that will help bring about the next recession. For example, does it really cost a hospital $140 for a urine based pregnancy test when I can get a 2 pack of the leading brand for $15.00? Or $6,000 for 5 hours in an ER Room?