Monday, November 8, 2010

How Obamacare Screwed our Family

In my prior post, I received a response that indicated that Obamacare does not go into force until 2004. While it will not be fully implemented until that time, many of its costly mandates are being phased in. Because of these mandates, we are going to give up our current plan (with my wife's employer) for a different plan (with my employer). This was necessary because the cost of health insurance went up dramatically.

More importantly, the cost went up to provide benefits of marginal value to my family. For example, her plan had a $3m lifetime limit. With Obamacare, there is no limit on the plan. While it might seem like an important benefit, the $3m limit was already so large as to be unreal. Another "benefit" under Obamacare, "free" preventive care visits. In addition to raising the price of the plan, they raised the copay and co-insurance for other services. Of course, the deductible went up as well.

Simply put, we will be paying more money in 2011 for a plan with higher copays, coinsurance, and deductibles.

Sadly, my Congressman managed to eek out his reelection.

Saturday, November 6, 2010

Obamacare Screws My Family

This week, my company announced our benefit options for 2011. Simply put, the benefits went up, but the cost to employees and the company went up more. Our old plan fit our needs. Thanks Democrats! Glad you lost.