the cost of the ACA

Started Oct 9, 2013 | Discussions thread
rwbaron Forum Pro • Posts: 11,740
Re: didnt you hear Dave?

edwardaneal wrote:

edwardaneal wrote:

Chato wrote:

edwardaneal wrote:

In the past many people used medical savings plans / 125 plans provided by their employer to cover the cost of deductibles and other out of pocket medical expenses not covered by insurance.

prior to 2013 an employee could contribute as much as they wanted to these plans with pre tax dollars and then use these pre tax dollars when needed for medical costs

effective 1/1/2013 the ACA capped the amount an employee can contribute annually to one of these plans at $2,500

so now if your out of pocket costs and deductibles exceed 2500 dollars you no longer can pay these costs with pre tax dollars

considering the fact that the lowest cost plans are the ones with the highest deductibles and also the ones with the highest out of pocket expenses this directly impacts those employees who make the least and needed the medical savings plan the most

But even the cheapest plan offered under Romney Care caps your out of pocket expenses at 6K. So if you need a heart transplant the maximum that it can cost is 6K, even if it's "Bronze" Plan.

Obama delayed the out of pocket caps to 2015?

what about the poor guy who isnt smart enough to delay their heart attack until after they really enforce the cap?

out of pocket cap delayed

oh and as a side note 6k is a great deal of money to a guy who works at walmart and I am sure they would much rather be able to pay that with pre tax dollars like they could have before the ACA

Well, if he worked at Walmart and had a heart attack chances are good that he wouldn't have had any insurance coverage prior to the ACA.  In that case he either mortgaged his and his families future (if he was upstanding), died or did what most do which is to just visit the closest ER where they would most likely not turn him away and perform the necessary surgery.  The hospital would then spread the cost among those of us with insurance forcing the insured to pay for his procedure through higher premiums.  Tell me how that is fair and how that demonstrates the "personal responsibility" that so many Republicans like to preach.

Seems to me that in this case $6K, though probably a lot of money for a Walmart worker, would be a bargain to both him and those of us responsible enough to carry health insurance.


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