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|User Info||If You're Older Than 40 And Reading This...; entered at 2015-06-04 11:02:50|
Registered: 2014-08-27 NM
I agree that we are going to hit the wall much sooner than 20 years from now. As you know, Health Care Service Corp (Blue Cross Blue Shield NM) just filed for a 51% premium hike for all their health insurance groups encompassing individual and small business PPO policies in 2016. They *also* gutted the out of network coverage, in many cases increasing the co-insurance amount from 0% to 50% *after* the deductible. For their more popular Bronze Plan, they are hiking the annual out of network deductible from $12K/$25K to $15K/$45K. Effectively, out of network health coverage for individual families is going bye-bye.|
Looking at their filing showing the increase, the problem is obvious. If you needed $500,000 heart surgery due to a pre-exisiting condition and previously could not afford to pay the bill, Obamacare was a godsend. You signed up for individual "insurance" where you could not be turned away. You gleefully paid your $12K individual deductible and then you received $500K of medical care. The BCBS pool to pay for these cases in the State of New Mexico was roughly 33,000 people. The insurer's answer to pay this bill: put the screws to everyone --hard.
The pool of uninsured individuals is going to explode next year. I might be one of them.