BEFORE Obamacare, that is up until December 31, 2010, the family deductible for my company-paid medical coverage was $300…and it had been $300 for years.
AFTER Obamacare, that is on January 1, 2011, the family deductible for my company-paid medical coverage went up to $2,800. You can do the math. And because my company is self-insured, it was a take it or leave it situation. Other self-insured companies ALSO can raise their coverage rates WITHOUT waiting for 2014…and this has nothing to do with insurance companies, but rather with self-insured companies that foot the bill for their own internal insurance plans.
This fact is ignored by ignoramuses who shout: “Your rates won’t go up until 2014 when the law takes effect.” That’s BS. No self-insured company is required to wait until 2014 to raise what they charge for their internal health-coverage plans.
Obama LIED when he said that if I liked the plan I currently had, I’d be able to keep it. He was WRONG. Instead, my company canceled the plan I liked and in its place substituted the aforementioned high-deductible plan.
Obama LIED when he said his plan would “bend the cost curve downward.” What he really meant was: “Bend over and face downward.”.