Turns out, people don’t like paying Cadillac prices for what turn out to be catastrophic plans:
A new poll from The Associated Press-NORC Center for Public Affairs Research may help explain why President Barack Obama faces such strong headwinds in trying to persuade the public that his health care law is working to hold costs down.
The poll found the biggest financial concerns were among people with so-called high-deductible plans that require patients to pay a significant share of their medical bills each year before insurance kicks in.
Such plans already represented a growing share of employer-sponsored coverage. And now, they’re also the mainstay of the new health insurance exchanges created by Obama’s law.
Edward Frank of Reynoldsville, Pennsylvania, said he bought a plan with a $6,000 deductible last year through HealthCare.gov. That’s in the high range, since deductibles for popular silver plans on the insurance exchanges average about $3,100— still a lot.
“Unless you get desperately ill and in the hospital for weeks, it’s going to cost you more to have this plan and pay the premiums than to pay the bill just outright,” said Frank, who ended up paying $4,000 of his own money this spring for treatment of shoulder pain.
That Means It’s Working™