I’ve been covering ObamaCare since before it was even passed. Along the way I’ve documented numerous ObamaCare-related insurance cancellations and rate hikes. But now I have a special insurance rate hike to report on: my own.
Yes, my monthly rate will be going up by $100, a hefty 27.33% hike.
Background: As a contractor, I currently pay for my own health insurance. I have a Humana HMO Platinum Plan for myself only, with a fairly low deductible and solid prescription drug coverage (I’m not on any truly budget-busting medication, but I am on one slightly pricey one that essentially makes the pricier plan more cost effective than the cheaper ones.) I bought my plan through the private insurance market and not the ObamaCare website. (And the children’s dental is on there only because it was a buck more and I didn’t want to go through the bother of the paperwork hoops necessary to get it taken off.)
It’s not that I’ve never seen an insurance hike before, but before ObamaCare I never experienced one so breathtaking. Judging from results, ObamaCare seems designed to fatten both the bottom lines of insurance companies and to force people on affordable plans that Democrats disapprove of onto Medicaid.
I think I may have gotten my hike notice early only because I’m on a private, non-employer plan. If you’re on an employer-covered plan, there’s a good chance your rate hikes will be coming down the pike after the election…
Tags: ObamaCare