November 4, 2013

Obamacare Vs. ‘Scam Insurance’ Comparison of the Day (110413)

Filed under: Health Care,Scams,Taxes & Government — Tom @ 12:03 pm

Obamacare defenders have taken to calling the individual insurance plans terminated because they couldn’t survive the strict rules for grandfathering “substandard” policies. One particularly fevered troll at one of my NewsBusters posts called them “scam insurance.”

Well, here’s a comparison of Obamacare and “scam insurance coverage” detailed in an Associated Press report this weekend:

The Griffins, who live near Philadelphia on the Delaware border, pay $770 monthly for their soon-to-be-terminated health care plan with a $2,500 deductible. The cheapest plan they found on their state insurance exchange was a so-called bronze plan charging a $1,275 monthly premium with deductibles totaling $12,700. It covers only providers in Pennsylvania, so the couple wouldn’t be able to see the doctors in Delaware whom they’ve used for more than a decade.

So the Griffins will have to pay over $10,000 more out of their own pockets before any insurance coverage kicks in (other than a couple of things like annual physicals, perhaps). And to be able to do even that, they’ll have to pay $6,060 more per year ($505 monthly difference times 12).

I think we all know which policy of the two is the real “scam insurance.”


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