Premiums and Deductibles and Co-Pays, Oh My!

by: the Common Constitutionalist

 

Think health insurance is expensive now? Wait until it’s free!

Well, we’re still waiting.

Everyone has been talking about Obamacare’s expensive premiums. That many plans have people seeing premium increases of 50 – 100 – 150% and more.

To be sure, folks are already beginning to suffer from monthly premium sticker shock. That is, the few that  have been able to get into the system to purchase a plan.

 But what will really effect the public’s bottom line is the astronomical deductibles and co-pays that will be forced on us. It’s pay me now, pay me later…just pay up!

 Nationwide,  deductibles on the least expensive Bronze Obamacare plans can be as high as almost $13,000. Couple that with co-pays of up to 40%.

Don’t get sick and don’t get hurt!

Glossary for those who are unfamiliar with the terms:

Deductible: the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment.

Co-pay: a fixed amount required by a health insurer to be paid by the insured for each outpatient visit or drug prescription. read more