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Remember When You Could Buy Health Insurance.. Without Getting Any?

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November 10, 2013 – Comments (13)

It was only as recently as 2009 that you could purchase a healthcare policy that purported to provide funding for your healthcare expenses, yet would cap their risk at $1000 per year. And that would have been a great policy if nothing cost you more than $1000 per year.

And while Obamacare is still the worst possible solution to the thievery which came before it, it is still better than what private insurers provided for your money before it.

Now that private insurers no longer have freedom from criminal charges to charge money and make promises that are not kept, I'm thinking thats a freedom they can do without.

Here is a reminder from 2009 of how criminal health insurance was, before Obamacare.

 http://www.consumerreports.org/cro/2012/05/hazardous-health-plans/index.htm 

Personally, I would feel a lot better about Obamacare if every elected Congressman and Senator and President were required to pay for the "bronze" level plan and restricted from spending anything out of their pocket beyond what it covered in order to align their interests with the people who work hard for low pay.

Best wishes,

Steven 

13 Comments – Post Your Own

#1) On November 10, 2013 at 1:36 PM, awallejr (79.62) wrote:

I had a very good policy. It was a HMO which pretty much covered everything after my low deductibles. My prescriptions were free as long as it was generic.  I can't get comparable now thanks to ACA required minimums. 

I was hoping that I would see better prices through competition, but the required minimums raised the bar higher.  Many "minimums" I personally could have done without. I want to throw tomatoes at people who say "well we forced you to get a better policy."  That is nothing but paternalistic arrogance which will now cost me several thousands more per year.

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#2) On November 10, 2013 at 1:37 PM, Mega (99.97) wrote:

I really don't understand why it's the President's fault that insurers are dropping people and increasing rates.

It's stupid, they are destroying their own shareholder value by threatening to drop coverage instead of offering updated plans. Newsflash: plan changes and price increases happened every single year before Obamacare.

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#3) On November 10, 2013 at 3:12 PM, awallejr (79.62) wrote:

Mega they have no choice.  ACA put a minimum set of conditions which all plans must have now, aside from certain "grandfathered" plans.  Since mine was an individual plan they had to cancel it and offer new policies in its place which now will cost me at least a few thousand more just for features I will never ever need like pediatric dental. 

Sorry but the President lied at least to me.

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#4) On November 10, 2013 at 3:54 PM, Mega (99.97) wrote:

So your insurance company is using this opportunity to make a higher profit margin off your policy. If your blame is directed entirely at Obama, some of it is misdirected.

Also now that we have standardized marketplaces, competition should increase the efficiency of the market (reducing prices) over the next few years.

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#5) On November 10, 2013 at 6:36 PM, devoish (96.49) wrote:

awallejr,

because private health insurers were so involved in writing Obamacare I cannot imagine that the coverage in the Obamacare plans is all that great, which is why I would like to see our Congressmen and women dependent upon it, and nothing more.

Unlike so many people that were robbed by private insurance, I am glad you were fortunate enough not to find out if your coverage was missing something you needed before Obamacare made it more comprehensive.

I am also glad for you that you are in a position to not need subsidies. 

Good health and,

Best wishes,

Steven 

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#6) On November 10, 2013 at 7:10 PM, awallejr (79.62) wrote:

Now I and millions like me have to pay more than a FIFTY PERCENT increase when we were told NOTHING would change.  So please spare me the sarcasm. 

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#7) On November 10, 2013 at 8:11 PM, devoish (96.49) wrote:

I was not being sarcastic. I am glad for you that your health plan did not fail you, and I am glad for you that you did not need subsidies.

Best wishes,

Steven 

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#8) On November 10, 2013 at 8:29 PM, awallejr (79.62) wrote:

Except now I can't keep it.  I was all for giving ACA a chance.  See here:

http://caps.fool.com/Blogs/obamacare-and-misinformation/877722

But one thing you should know by now what ticks me off more than anything and that is when someone is being disingenuous. The guy stood on stage and lied to me and millions of others over and over.  Fine he apologized but it still is going to cost me.

I now have to make a choice, pay about $3,000 more for close to what I had or actually take a LOUSIER policy. It didn't take being a rocket scientist to find the policy I took.  I went to an insurance exchange and compared.  I now have to go to a different one (at least the NY one works) and every single one (yes Mega, EVERY SINGLE ONE) costs me more by THOUSANDS.

It would have been nice to have had that information BEFORE 2012 elections.

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#9) On November 11, 2013 at 8:33 AM, drgroup (69.30) wrote:

Let me see if I get this right. All of the insurance companies aided Obama in drafting the aca. As such, they were so stupid that they wrote the law with the purpose of causing millions of policy holders to loose coverage and by extension; loosing premiums. I don't think you have to got to Worten School of Business to realize this is ridiculous.

Obama and his team knew exactly what they were enacting; a system that would collapse under private control and set up the need for the gov to step in to establish themselves as single payer. Hard to rationalize they don't give a hoot about you or anyone else's healthcare. It is about control and enslaving, nothing else....

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#10) On November 11, 2013 at 11:03 AM, awallejr (79.62) wrote:

LOL.  Took a "Devoish" thread to get me and dr on the same side.  Now where is Chris Graley heheh.

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#11) On November 11, 2013 at 1:11 PM, Mary953 (77.97) wrote:

Awallejr, I have spent the day reading and studying (including TMF blogs.)  I guess you should make that you, dr, and me all on the same side.  I am pretty much 'immune' to all this due to my advanced age and decrepity (lol) but I have kids and grandkids that will be hard hit.

It is about control and enslaving, nothing else....

Afraid so, dr, afraid so. 

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#12) On November 11, 2013 at 5:06 PM, drgroup (69.30) wrote:

Awal... you give me hope. Not all is lost when you and I can agree on such a powerful issue. Glad I finally learned something. (chuckle)

Mary... you and I must be cut from the same clothe. We seem to agree on most issues. When you speak up it is good for me because you state my thoughts and saves my finger tips. Hard for me to see these blurred letters on theses keys...

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#13) On November 11, 2013 at 5:50 PM, Mary953 (77.97) wrote:

dr, I hate to burst any bubbles here, but on a librarian, the eyes are the first to go.  My reading glasses have gone from 125's to 325's and just kept on climbing as I get older.  I am up to 825's now.  I have noticed though that we end up on the same side of a LOT of issues across the spectrum.

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