I’m so old I can remember these lowlifes telling stories of cancelled plans were just anecdotal tales and that you’d be saving up to $2,500 a year under the joys of ObamaCare. Well on the last day to sign up for this mess and with popularity numbers at an all-time low, now they admit that was all BS. Thanks, Obama!
In a rare moment of candor, the Obama administration has acknowledged that the so-called Affordable Care Act is making insurance less affordable for millions of Americans.
The Centers for Medicare and Medicaid Services the other night issued a press release that outlines new options for the nearly 5 million Americans who have received cancellation notices from their health insurers. Not surprisingly, these Americans are “finding other coverage options to be more expensive than their cancelled plans or policies,” CMS explains.
Courtesy of the administration ad hoc announcement, these 5 million Americans—regardless of their age—may now enroll in Obamacare-compliant catastrophic plans, which were previously limited to people younger than 30 years old. But these plans aren’t cheap, in part because they must still provide preventive services—such as contraception, sterilization, and abortifacients—at no cost to the policyholder. Indeed, a 26-year-old in Milwaukee faces a $1,983 premium for the least expensive catastrophic plan. And in Philadelphia, the cheapest catastrophic plan for a 29-year-old carries a $2,189 premium.
Because the administration’s has only now widened the eligibility requirements for catastrophic plans, we do not know how much these plans will cost for Americans over 30 years old. California’s state-run exchange website, which is among the more user-friendly Obamacare exchange websites, lists only bronze, silver, gold, and platinum prices for individuals 30 and older. Likewise, eHealthInsurance.com, which lets consumers compare off-exchange Obamacare-compliant plans, lists no catastrophic plans for the over-30 demographic.
Supposedly the notorious liar Obama will be signing up today. Sure he will.