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.
The reality is Obuma lied about all aspects of it because he doesn't know what was in the bill, ever !
THAT'S what you get when a community organizer becomes Papa Doc of the USA
"it won't cost you one dime more"
"The average family will SAVE $2,500 per year
"Keep your DR, too"
"Keep your plan, too"
"No Death panels"
The people who signed off on it NEVER read it or understood it , INCLUDING Papa Doc but you and only you "understand" it ?
What part of 140% projected increases do you NOT understand ?
"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."
NO one should ever hear , die , we don't care . Maybe if it was your wife you would think otherwise ?
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.
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