Posts Tagged ‘SC Exchanges’

How Government Is Actually Making Health Care Less Affordable

If you research Obamacare exchanges in most states, for example, in the state of South Carolina, you’ll find that if you make around 13k per year, you can find a fully subsidized plan, such as the bronze plan available to SC residents. One might think this is a good thing, but think again. With a $5000+ deductible, plus a 40% co-pay, those who live from paycheck to paycheck still won’t be able to afford the average cost of a doctor visit. You will have a piece of paper in your hand that says you have insurance, but if you make $300 per week and have Obamacare, you’re still on the hook for a $150 doctor visit. Matter of fact, you would have to visit the doctor 33 times during the year before Obamacare kicks in, and then you’d still be on the hook for 40% of the cost. The unemployed, or those who make less than 100% of the poverty level, are not eligible for ANY subsidies. They will remain without health insurance.

Who exactly does this help? It certainly doesn’t help those who can’t afford to purchase insurance. It basically becomes a very expensive catastrophic policy, one which will require the policy holder to pay the first $5000+ of health care costs and 40% thereafter.

Obamacare doesn’t really help those who can’t afford insurance. All it does is transfer money from the U.S. Treasury directly into the coffers of the insurance and pharmaceutical companies, the same companies who were instrumental in writing the law.

It’s a big scam folks!

Combine this with all of the negative effects that go along with the law, such as forcing citizens to purchase a service they might not want or need, privacy implications, pushing folks out of their current insurance plans and onto the exchanges, the limiting of hours by employers to 29 per week, along with the detrimental effect it will have on the jobs’ market, it becomes pretty clear that Obamacare has been a huge disaster. What is also abundantly clear is that it does not deliver the benefits as promised.

The entire impetus for Obamacare was to make health insurance more affordable and allow those who cannot afford health insurance to be able to obtain it. Clearly, this law fails miserably in achieving that goal. Obamacare should be repealed now. It needs to replaced with a system that actually works (like personal Health Savings Accounts), before it does anymore damage to our health care system, and to our economy.