Affordable care ain’t all that affordable after all:
Obamacare is a tightening noose around the U.S. economy. Sure it has expanded subsidies for some, but it has also sucked the wind out of America’s consumer economy – helping stop any hope of a recovery. Also a recent report from the Commonwealth Fund revealed that Obamacare’s “expanded coverage” isn’t all it was cracked up to be.
Specifically, the report found that a whopping 31 million Americans are “underinsured” – i.e. not protected against soaring medical costs (notably deductibles and out-of-pocket expenses). That population has more than doubled since 2003 – and is only going to expand further.
“The steady growth in the proliferation and size of deductibles threatens to increase underinsurance in the years ahead,” the report’s authors noted.
What ♡bamaCare!!! gives with one hand — premium subsidies — it takes away with the other in the form of unaffordable deductibles and copays. A family of four on ♡bamaCare!!! can expect to pay five figures out of their own pocket before insurance kicks in — which is why I keep reminding people that ♡bamaCare!!! is catastrophic coverage at Cadillac prices.
The irony of course is that ♡bamaCare!!! made catastrophic plans illegal for anyone but young adults who for whatever reason aren’t still on their parents’ plan.
Anyway, TANSTAAFL always gets the last laugh — only in this case, the laugh is on those whom Obama and the Democrats had promised to help.