PeakNation™, next time a dead-head liberal tries to claim Obamacare is the “free-market solution” just ask them this riddle: where else in the free market will you end up paying more when a good you use becomes cheaper? But that is exactly the new reality that happens in the world of Obamacare. As Ed Sealover at The Denver Business Journal writes:
To illustrate that, Connect for Health officials noted that the average share of costs of plans that subsidized individuals bore themselves in 2014 was $161.79 per month.
If that individual were to keep their current plan for 2015, their average costs after financial assistance will be $287.01 a month — a bump of 77 percent of their contribution levels, Benshoof noted. [the Peak’s emphasis]
Which means, wait for it, wait for it:
In other words, if you like your plan you can keep it — if you’re willing to pay more. [the Peak’s emphasis]
Damn you Sealover, first you report on business news better than us, and now you’re showing you can be snarkier than us… #ThanksObama.
So, get this: First, Obamacare takes away the plan you liked despite President Obama and Sen. Mark Udall claiming it wouldn’t. Then, you find a plan through Obamacare that you might not like as much, but find it will suffice, only to be told a year later to keep that plan the premiums you pay will go up by 77%.
Obamacare: Where every year brings a new crappier health plan until we are all on Medicaid #ThanksObama.
And, it’s not like this is affecting only a small slice of the market. A full 60% of Obamacare enrollees receive subsidies for Obamacare.
While many will argue that this is all the result of one health insurance company trying to capture a larger portion of the market, we need only point to the disaster that very same strategy resulted in up in Minnesota. PreferredOne captured 60% of the Minnesota Obamacare market by offering some of the cheapest plans, only to realize that its position was unsustainable, forcing it to pull completely out of the Obamacare market in 2015. #ThanksObama #ThanksUdall
To recap: If you liked your plan in 2013, it got cancelled. If you like your plan in 2014, the price went up. At this rate, if you like your plan in 2015, expect Nancy Pelosi to stop by your house and personally waterboard you if you want to keep it in 2016.