Completely agree with this. I had AETNA for many years, last year I got a notice saying they were dropping everyone in my state, I was paying 800 a month, I got in touch with an insurance agent and she hooked me up with Obamacare and I'm now paying 270 a month. The insurance I have actually costs much more than that, but I was able to fudge some numbers which qualified me for a big discount
It is not a discount. It is an advance premium tax credit. I disagree that it is ObamaCare's fault that Aetna dropped you! ObamaCare helped make insurance affordable for you again.
You are not even bitter that Aetna dropped you-they were most likely caught in a death spiral. Premiums were not enough to pay the claims - so they raise the premiums and they lose some healthy customers who switch - raise the premiums some more and more healthy people switch. They were left with a block of business they could not manage and they were losing money on. So, they wanted out.
The individual market is so much harder to prosper at than the group market because of adverse selection. Individuals only want insurance when they are sick or injured because they do not have an employer paying for it. They will buy it if it is affordable and within reason to their income. Without ObamaCare you could have found new insurance but it would have likely cost a more correct scientific rate of ?1200 or so ??? You would need a 6 figure job to afford that kind of a premium.
So, people blame ObamaCare for rising premiums. ObamaCare is helping people get health care and get their medical bills paid. Why health care costs so much is very dependant on how much providers charge. Nobody seems to be mad at them? If their services go up 10% a year there is no way the insurance companies can pay the claims unless they raise their premiums 10%, also.
I apologize in advance if my comments sound abrasive. That is not my intent. Healthcare insurance sales is my profession and I do not know where individual America would be without these advance premium tax credit subsidies.