Barack Obama and Nancy Pelosi continue to lie to the American people by telling them that the Affordable Care Act has been very successful. Pelosi especially continues to spread the fabrication that millions of Americans have more affordable healthcare insurance with greater access to treatment and doctors. Many reports indicate that the number of uninsured Americans is higher now than before Obamacare went into effect and that the number of uninsured is steadily climbing.
But even if the claims of more people being insured were true, that doesn’t mean that they are better off under Obamacare. Even if the false claims were true that Americans have access to more doctors and better treatment, that still doesn’t mean that they are better off under Obamacare.
For those that do have an exchange provided healthcare policy, the real question is how well are they covered? Jonathan Cohn explains:
“But an equally important question is what kind of insurance you have — and that includes whether your policy leaves you exposed to large, potentially crippling out-of-pocket expenses. The answer makes a big difference.”
“A big co-payment might discourage you from filling a prescription to treat a serious condition, or from seeing a specialist whose attention you need. If you get sick and end up in the hospital, a high deductible could leave you owing many thousands of dollars, forcing you into financial distress.”
“You wouldn’t be uninsured, but you would be underinsured.”
“You’d also have lots of company.”
“Recently released data, including two brand new surveys, suggests that millions of Americans with insurance are in just that situation. And while there would almost certainly be more of these people if the Affordable Care Act were not in place, those who still face high medical bills are disproportionately poor and sick — in other words, the very people who most need the protection that health insurance is supposed to provide.”
Yet, Obamacare was sold to the public as a means of providing healthcare insurance to the poor and sick at an affordable price. But all of the studies and reports over the past year and half indicate that the poor and sick are still the ones that are mostly uninsured. Now we see that the poor and sick that do have coverage through an Obamacare exchange program are still at risk of financial distress or ruin due to the high out-of-pocket costs.
The only people that can afford to pay the higher priced premiums for the gold and platinum policies with lower deductible and better coverage are the wealthier people. The average middle and lower class people often can’t afford anything better than a bronze or silver tier policy which has higher deductibles and then only pays for 60% to 70% of covered expenses after the deductible has been met.
Take for example, the cheapest policy my wife and I could obtain. It was a bronze plan with a $4,000 deductible and then would only pay 60% of covered expenses, all for the low affordable price of $816 a month. If one of us needed surgery for any reason and ran up $10,000 in medical bills, we would be responsible for paying $6,400 of that bill on top of our monthly premium which would add up to $9,792 a year.
To begin with, we can’t afford to $816 out of our monthly budget for anything. If we could, it would almost make more sense to put that into savings instead of purchasing a healthcare plan that would leave us paying most of the bill anyway. With insurance, we would pay a total of $16,192 for insurance and the surgery where without insurance we would only pay $10,000.
Hence, Obamacare only works for the rich and healthy people, not for the poor and sick people as it was intended to help. Doesn’t quite fit with Obama’s plans on wealth redistribution, unless he really meant that what little the middle and lower class has is redistributed to the wealthier like himself.