Tuesday, October 08, 2013
Who could have seen this coming?
Michael Yount of Charlotte, N.C., is one such unhappy customer. He and his wife, retired and in their late 50s, have been buying their own health insurance from Blue Cross and Blue Shield (BCBS) in North Carolina, paying about $380 a month with an $11,000 deductible. BCBS is offering them a new plan for three times the cost, $1,124.50 a month, still with an $11,000 deductible.Want your top political issues explained? Get customized DC Decoder updates.“We are an insurance company’s dream,” Mr. Yount tells the Monitor. “We pay our bills, we hardly ever get sick, no prescription drugs. And now this.”Reluctantly, he says, they plan to drop out of formal health insurance, pay the penalty, and “self-insure.”“No question, there’s risk there,” Yount says. “The question is, how much are you willing to pay someone else to mitigate that risk?”He also understands that the law is meant to help those who have not been able to buy insurance because of preexisting conditions. But he objects to how it’s being done.“If the only way to get it to them is forcibly taking it from everybody else, how is that any better?” Yount says. “I’m struggling with what is the greater evil and injustice. I don’t think it’s any more right to take it from one person forcibly. It’s coercion.”
Just keep repeating: "law of the land."