It doesn't appear Obamacare is going to be fixed any time soon, if at all. When the GOP has a majority house, senate and the white house and they can't even agree with each other, we aren't getting anywhere with anything. I don't know why that surprises me.
$6132 a year for insurance (for one) with a $5550 deductible is outrageous. DH and I are seriously considering dropping it, paying the fine (it would be about $2000) and putting the rest in our own bank account. I heard a statistic the other day that 12 million people aren't buying insurance and are opting to pay the fine instead. I don't blame them. In fact, I know a couple of them and they aren't young folks, either.
Another thing I kept hearing on the tv the last couple of weeks is "people are just opting to not have insurance and just use the ER, where they then won't have to pay for their medical"......WHAT?! I don't think so. If I take my DH to the ER, and he doesn't have medical insurance, you can damn well bet they are going to send me a bill AND expect me to pay it! Where the heck is this "news" coming from? I've heard it numerous times, even from the president's press secretary.
The fact that we would owe medical bills is the only thing that has kept me paying this exorbitant rate for extremely crappy insurance (lowest priced Bronze Plan available). All's he's getting out of it is catastrophic insurance. Honestly, if it goes up again for next year (and of course it will) we probably will just not have health insurance anymore for him. If I was paying $511 a month for decent insurance with a low deductible, I'd be ok with it, but it's not even close to that, not to mention prescription coverage stinks too. Plus, with the Bronze plan, it only covers 60%. We're still going to have to cough up 40%, on top the the deductible - so if something major happens, we're going to owe a ton of money anyway......so it really doesn't make much difference in the grand scheme of things whether we have insurance or not, it seems. If we have it and have a big emergency or illness, we're going to owe way more than we can afford (apparently even a broken ankle can cost up to $117,000) - if we don't have insurance and have a big emergency or illness we're still going to have way more than we can afford.
We'll just start taking that monthly premium and putting it in a savings account for medical bills. If something major happens - well then the provider will get what we've saved up, along with a $500 a month payment until it's paid off, I guess. So, 10 million people who couldn't afford health insurance now have it (for free, or cheap) and 12 million now don't have it, because they can't afford it now. Ridiculous. I'll have to do more research, but I read that if you have insurance for at least 9 months out of the year, you don't have to pay the penalty. We should know by late October/early November what the 2018 rates will be. We could cancel it then, if we decide and possibly at least not have to pay the penalty for 2017. Maybe by 2018 something new will be in place.
As I was writing this blog out, I read a post that Cindi over at ThriftyatSixty recently made about the cost of healthcare. As always, she has a great perspective on things.