If You Like Your Worthless Health Insurance, You Can Keep It

March 5, 2014

By Karen

Obama’s doing such a good job himself of walking back the requirements of his Affordable Care Act, Republicans don’t need to waste any more time trying to repeal it.

Now Obama’s letting people continue to keep policies that don’t meet minimum ACA coverage requirements — possibly for as long as 3 more years. Why? To make it appear he wasn’t lying when he stupidly said, “If you like the insurance you have, you can keep it.”

Here’s the problem with that: Those policies are cheap because they were sold to people who either 1) Think they’ll never get sick, or 2) Didn’t understand how little insurance they were buying.

I’m talking about those hapless schmucks we see on the news occasionally after something catastrophic happens to them and they find themselves bankrupted by medical bills because their el cheapo insurance won’t pay their claims.

Insurers make damn sure their policy documents are so voluminous and opaquely worded that the average consumer needs a Ph.D. in insurance jargon and unlimited time and patience to wade through all the conditions and exclusions.

That’s precisely why insurers need to be kicked out of the healthcare equation in favor of a simpler system. But I digress…

Letting people keep garbage health insurance does them no favors. It just keeps shoveling ill-gotten gains into insurers’ pockets. Between high deductibles and copays and avoidance of the “no-cost” preventive care mandated by the ACA, these premiums must be mostly gravy for insurers because little gets paid out in claims.

On a personal note, Anthem showed me a wisp of mercy to keep me out of the exchange on my March renewal, raising my premium from $392 a month to $413.75, a modest 5.5% increase. But since 2011, they’ve raised my premium 66%.

My policy has a $2,250 deductible, but meets ACA requirements (which Anthem has used to justify hitting me with 15% and 20% yearly hikes since the ACA first passed donkey’s years ago).

I haven’t done 2013 taxes yet, so I don’t know if I can qualify for a subsidized policy on Healthcare.gov. But even if I do, I’m afraid to take advantage of any savings and lose the dubious security of my current policy.

At the lengths he’s taking to protect insurer profits at the cost of people getting better access to medical care, Obama seems poised to pull the rug out from under himself and gut the ACA. That means insurers will once again have free rein to continue raping and pillaging the American healthcare system.

I hate the policy I have, but Obama’s made me afraid not to keep it.


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