Great video explaining another reason why most everyone will be losing the health insurance, no matter how much you like it:
[youtube]http://youtu.be/p9BJ6bL0a-M[/youtube]
What it comes down to is this. The bill that the democrats came up with, and voted for, says that all health insurance must fit within four different “bands”. Each band is based upon the percent of covered benefits it will pay for. Now take a look at the table below and tell me if you can find the problem:
Six percent between each band is in no mans land.
Suppose you are in a Bronze plan with an actuarial value of 58%. Then, a year from now, because of price changes, technology changes, or some other kind of change, your plan suddenly covers 60% 64% of expected expenses. That’s good for you, right? Wrong. Because your plan no longer fits into one of the metallic corridors, it’s no longer a valid plan – despite the fact that it has become a better plan!
Now let’s suppose you have a really good plan – a plan that pays 98% of expected health care costs. Given the large number of Democrat’s who believe that health insurance should pay almost every medical bill, you would think that the law passed by a Democratic Congress without a single Republican vote would strongly encourage such a plan. If you’re inclined to think that, you are mistaken, however.
Any plan that pays more than 92% of expected health care costs for the average enrollee is illegal under Obamacare.
So the message is…we’re all screwed.
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