More on Obamacare
By Joe Harrison
I hope this will be the last thing I have to write on this subject, after all, I do believe it's going to be such a massive failure that it will eventually all be moot. After spending 15 years in the insurance industry, there are some issues I've noticed which have not been addressed, I mean other than the fact that the Administration out and out lied to us and has continued to do so...I don't think anyone is really surprised by that.
First of all, one of the big selling points on the program is that insurance companies do not cover pre-existing conditions and the Affordable Care Act will. This simply is not true, most insurance policies do cover pre-existing conditions, however, they generally have a waiting period. Depending on the policy and the State it's issued in, it may be six months, it may even be a year; there's a good reason for that, its called good business. Allow me to elaborate.
As things are at the moment, most of us will be faced with going on the exchange and getting insurance or remaining without insurance and paying the penalty tax. For sure the penalty tax is going to be much less than the cost of the insurance. Why pay the money for the insurance? The administration would tell you that you need it in case you have a major illness. OK, I get that, but if I'm diagnosed with a major illness, I can just sign up then and be covered, there are no pre-existing restrictions to prevent it, in the meantime, I can just save that money.
For those of you who are lower income and can get coverage at a much lower rate, let me clue you in to something, the coverage carries high deductibles that you have to pay out of pocket before the insurance kicks in. If you are bringing in 12 grand per year and you have a 5 grand deductible, can you really afford to go to the doctor? Of course not. Unless you are getting Medicaid, the program will not help you either.
I can use myself as an example. Last year when I was involved in a very bad accident, I had good insurance, much better than anything offered by the ACA, the deductibles were lower, the premiums were lower and the coverage was higher, right now I am over 100 thousand dollars in debt in medical bills. I can only imagine how big that number would be if I was in ACA.
I don't know why these facts have not been made available to us all, but that is the bottom line. I will repeat myself by saying that the best course of action would be to NOT enroll in the program, save that money; if something major happens and you need coverage, enroll in the program then and file your claim, they can't deny it according to the law of the land....well, at least that's what they are saying now anyway.
If all of us stick together on this plan, the ACA will die a miserable death. That's my plan, I don't know about yours.