How the Affordable Care Act becomes unaffordable
Even Obamacare coverage with reasonably priced monthly premiums can quickly turn into a financial burden.
The Affordable Care Act implies a promise in its very name, suggesting health care coverage will be within reach of all Americans' pocketbooks.
But new details about some states' insurance exchanges are raising doubts about the overall affordability of what are supposed to be budget-friendly plans.
Many consumers have focused on the monthly premiums insurers will charge, regardless of whether you're sick or seeking treatment.
Some plans are actually rolling in with lower premiums than forecast. California's midlevel silver category of coverage, for instance, will offer rates ranging from $304 to $335 per month.
But monthly premiums alone don't illustrate the entire cost of coverage, especially when plans carry high deductibles. For California's silver level, enrollees will also face a $2,000 deductible, as well as $45 fees for visiting a primary care doctor and $250 for an emergency room visit, CNNMoney reports.
That means silver-level enrollees could face annual costs of more than $6,100, based on their meeting the deductible, paying monthly rates and visiting the doctor and ER once a year.
That's not likely to win over skeptics -- and much of the country is populated with citizens already concerned about the impact of Obamacare, which goes into effect in 2014.
Fifty-four percent of Americans oppose the law. That's little changed from 2010, when President Barack Obama signed the legislation.
The government will offer subsidies to help pay premiums for people earning up to four times the federal poverty level, and it will provide additional help for lower-earning families and individuals to cover out-of-pocket expenses.
"The hardest question is will it be a good deal and will consumers be able to afford it," Marian Mulkey, the director of the health reform initiative at the California Healthcare Foundation, told CNNMoney. "The jury is still out. It depends on their circumstances."
Follow Aimee Picchi on Twitter at @aimeepicchi.
"If you like the healthcare plan that you have now, you will be able to keep it and will not have to change your healthcare insurance"--------Politician Barry Obama politicking in 2010 and 2011.
"Let's just pass it (Obama-Care) and then we will see what is in the law then"-------Ignorant Democratic Congress Woman Nancy Pelosi polliticking among her constituents in 2010.
"Obama-Care is Bull $HlT Care"-----Road to Perdition 2013
Don't worry people. Remember what Barry Obama promised-----"If you like the healthcare plan that you have now, you can keep it and won't have to change your health insurance."
Previous referencwes to ACA being a thinly disguised vote buying scheme is 100% accurate, as is Dodd Frank, Immigration reform, birth control subsidies etc etc. I can not think of a single piece of legislation in the past 8-10 yearsthat wasnt passed to gain votes. A subtle but definite move to push out into the future unpopular provisions of Obamacare is underway to avoid supporters, mostlly dems, from losing elections in huge numbers.
Factually, once the lawyers, tort reform, were exempted from the bill there was NEVER going to be anything resembling reform. Watch the democrats try to distance themselves from the ACA and the president while campaigning. They probably can win anyway since we have an electorate that mostly think Bengazi is a mixed drink and the recent administration scandals are OK since they arent affected-they think. Please vote, and throw all the incumbents out ofoffice thats possible.
The article was sort of a let down. I mean by God if your going to convince people they do not need health care, we should have bolder reasons than annual deductibles and emergency room fees. These people who make under 80 thou have seen friends go to hospitals and be made painless in an empty room with no heroics to keep them alive. They were tough and said their goodbyes to relatives and friends and slipped away no muss and fuss. Why can't we make it a great privilege to just slip away quietly. That's it!! I died like a great person tough.
Copyright © 2014 Microsoft. All rights reserved.
[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
More Market News
These hot movers could rise by double digits in coming months.
MUST-SEE ON MSN
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'