I already knew that my insurance was going to triple in cost under Obamacare. But some people had no idea until they hit the exchanges just how bad Obamacare was going to be for their personal finances.
Note that the word that keeps reappearing in these posts on Obamacare's Facebook page is "frightening."
On Thursday, the government's official Obamacare Facebook page was riddled with people expressing sticker shock over the government's high cost premiums after struggling for hours to wade through the technical failures vexing Obamacare exchanges all across the country.
"I am so disappointed," wrote one woman. "These prices are outrageous and there are huge deductibles. No one can afford this!" The comment received 169 "likes."
"There is NO WAY I can afford it," said one commenter after using the Kaiser Subsidy Calculator. "Heck right now I couldn't afford an extra 10$ [sic] a month...and oh apparently I make to [sic] much at 8.55/hour to get subsidies."
Another person shared a link found on the federal government's main Obamacare page listing premium estimates for small business employers:
The information is not very complete as I don't see anything about deductible or other detailed info, but it does given an actual price as to the "Premium." It is VERY SCARY!! For example, my insurance plan right now for my spouse and I costs $545 a month with 100% coverage after my $2500 deductible. We are both 32 years old. When I looked at this site for 80% coverage it says it will be $954.78 a month!!!! So compare my old Plan: 100% coverage for $545 a month To New Plan: 80% Coverage for $945 a month. This is only only an estimate but it is VERY Scary for me to see this kind of increase in rates and reduction in benefits!
A single mother of two said she is in school and working full-time while living "75% below the poverty level." She said she was shocked to learn she did not qualify for a healthcare subsidy. "Are you F'ing kidding me????" she wrote on the government's Obamacare Facebook page. "Where the HELL am I supposed to get $3,000 more a year to pay for this 'bronze' health insurance plan!?!??? And I DO NOT EVEN WANT INSURANCE to begin with!! This is frightening," she wrote.
Amid scores of comments expressing frustration with technical failures, one woman said she is "just amazed you could even get to the point of seeing pricing" and that she had been trying to access the system for three days to no avail.
To be completely accurate, some of those claiming they are not eligible for subsidies may be eligible for Medicaid's expanded program. And if they live in a state that didn't pick up the Medicaid expansion, someone making $8.50 an hour is almost certainly eligible for a large subsidy.
But this points up the monumental technical problems being experienced by everyone. If someone who is living "75% below the poverty line" is being told she's not eligible for a subsidy, you can imagine what other kinds of false information is being disseminated by those sites.
The Obamacare site is down for the weekend, apparently so that they can try and fix the glitches that have plagued the system. But this is just the beginning. Think of all the stuff that's been delayed - employer mandate, income verification, and a host of other issues that will also eventually have to be incorporated into this system. There will be plenty of other opportunities for technical nightmares to occur once the entire Obamacare infrastructure is up and running.