Does the Obama team understand the relationship between premiums and deductibles?
Another day and more evidence that the framers of ObamaCare did not really understand what they voted for.
Also, you get the feeling that the ObamaCare project was all about politics without regard for any economic considerations, such as the relationship between premiums and deductibles.
We are also hearing about "sticker shock" in Oregon and Illinois.
This is from a TV report in Oregon:
"Some customers of Regence Blue Cross Blue Shield, one of Oregon's largest insurance providers, say that's exactly what's happening.
They say they are finding their health care plans are dramatically changing under the Affordable Care Act.
"Policy holders are seeing almost double their monthly premiums," said a KATU viewer named Larry in an email. He said his wife's premium will increase by $300 under the Affordable Care Act.
Cover Oregon spokesman Michael Cox says most insurance plans that focus on lower premiums and higher deductibles will be replaced by plans with lower deductibles and higher benefits."
This is more on deductibles and premium from The Chicago Tribune:
"Those who have managed to browse the marketplace have often been hit by sticker shock.
Take Adam Weldzius, a nurse practitioner and single father from Carpentersville.
He sought the same level of coverage on the exchange as he and his 7-year-old daughter have now, with the same insurer and the same network of doctors and hospitals.
At best, Weldzius found, his monthly premium of $233 would more than double.
If he chose a plan priced at the same level, the annual deductible would be $12,700, more than three times his current $3,500 deductible."
Who read this law? Was the public lied to when we were told that the Affordable Health Care Act would be affordable?
Did anyone understand that there is a relationship between deductibles and premiums? In other words, was anyone told that this plan would be more affordable because deductibles would be significantly higher than what most families currently have?
Obama Care is starting to smell like a perfect storm of deception and incompetence.
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