Let’s look at the actual impact of Obamacare

| September 3, 2013


My wife, age 60, has a high-deductible policy with Humana. She got a letter today from Humana outlining the exact impact of Obamacare on her insurance coverage. In essence, she has a choice of converting over to an ACA-compliant policy now, or continuing with her current policy until the end of 2014 (at which point she will no longer have a choice and will have to convert over). Here are her options:

Option A – Current Policy Option B – ACA-compliant
Policy Name: HumanaOne Copay /80% Humana Natl Prefered Bronze
Provider Offering/Network Humana/ChoiceCare Network PPO National POS – Open Access
In-network deductible $5000 ind/$15000 fam $4850 ind/$9700 fam
In-network coinsurance We pay: 80%/You pay: 20% We pay 80%/You pay 20%
In-network office visits: 6 visits after copay; $35 PCP/$60 specialist; then 80% after deductible 3/$55/$55/$45/$80
Separate prescription deductible $700 $1500
In-network coinsurance out-of-pocket limit $3500 ind/$7000 fam $6350 ind/$12700 fam
Health savings account qualified No No
Essential Health Benefits No Yes
Monthly premium $451.04 $759.92 [68% increase]

The letter goes on to say (emphasis mine):

If you policy premium increases, you should know this isn’t unique to Humana — premium increases generally will occur industry-wide. Increases aren’t based on your individual claims or changes in health status. Many other factors go in to your premium, including:

  • ACA compliance, including the addition of the new essential health benefits

  • Increase costs of medical care

  • Your age and where you live

All I can say is: thank you, President Obama & Congressional Democrats.

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Category: 2014 Election, Creeping socialism, Healthcare Reform, Idiot Congresspersons, Main, Obama Administration

About the Author ()

Webster is Principal and Founder at Bruce F. Webster & Associates, as well as a Partner at Ironwood Experts. He works with organizations to help them with troubled or failed information technology (IT) projects. He has also worked in several dozen legal cases as a consultant and as a testifying expert, both in the United States and Japan. He can be reached at bwebster@bfwa.com, or you can follow him on Twitter as @bfwebster.