| | | >> I don't know what i-node's situation is, but there are many people all across the nation reporting higher premiums, higher copays, and less coverage overall.
I don't mind explaining my situation. I had great insurance before Obamacare and it was expensive with a high deductible, however, it had a nice feature in that all my medications, some of which are expensive, were paid without any deductible. So, my insurance was roughly $1,200 a month and typically went up a small amount each year (maybe $50 in a typical year). The plan was "grandfathered", which meant that I was not required to change to an exchange plan, as my plan would not be cancelled -- as long as I didn't change the deductible or they didn't materially change the benefits.
So, I made the decision to stay with my plan. MId year last year, I was notified that the cost of my plan would increase from $1,200/month to over $1,700/month. At which point I considered whether it might be necessary for me to change plans. On investigating this, I found that I would have no other option if I dropped my coverage but to join Obamacare's exchange plan which would, indeed be cheaper.
It would be cheaper because other people would be paying part of my cost. Younger, healthier people are being overcharged and that money is going to pay for older, less healthy people like myself.
That is a subsidy. Anyway you look at it. And I do not want to be subsidized because I've never accepted handouts from anyone and don't plan to start now.
Al is fine with accepting handouts. I'm not. So, that's what happened. |
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