Back during the 2008 election campaign and in the lead up to the passing of the Affordable Care Act, it was constantly fed to the American people by supporters of the law that the average American would save $2600 per year due to the passage of health care reform.
Another famous claim—later shown to be demonstrably false—was that if you liked your current policy that you could keep it.
As most recall, at the end of 2013 the President unilaterally altered the law to delay implementation of certain requirements of the law, including one that allowed “inferior” policies to be renewed for one more year.
We have all heard horror stories of people with cancer losing their policies or massive price increases.
While I never disbelieved the accounts, I never personally knew anyone caught in the crosshairs, so to speak.
Well, this week, it proved to be me in the crosshairs.
I received a notice from my insurance company informing me that my policy was non-compliant with the diktats of our government and thus was being cancelled.
The company was happy to sell me new, government-sanctioned coverage.
The catch? My rates are to go up $399 per month or 54% from what they are now. Maybe I am not average. Or maybe we weren’t told the truth.
About the Author:
Title: Health Care Cost