Bad Apple Insurers or Bad Apple President?

Right before Halloween, President Obama lashed out at what he called “bad apple insurers.”

“One of the things health reform was designed to do was to help not only the uninsured but also the under-insured,” Obama said. “And there are a number of Americans, fewer than 5 percent of Americans, who’ve got cut-rate plans that don’t offer real financial protection in the event of a serious illness or an accident.

“Remember, before the Affordable Care Act, these bad apple insurers had free rein every single year to limit the care that you received or used minor pre-existing conditions to jack up your premiums or bill you into bankruptcy.”

One would surmise that Obamacare would somehow put these “bad apple insurers” out of business. Of course, no such thing happened because the statement is a blatant lie.

I’ve purchased my own insurance for the last ten or so years, even though I was offered insurance by my employer. I didn’t want to have my insurance connected with my job.

What you say? How was this possible before Obamacare? Anyone with half a brain could call up any number of insurance agents in the Yellow Pages and ask for a quote. It was that easy.

I’ve bought policies from a handful of insurers in California, including Aetna and Anthem Blue Cross. I bought catastrophic plans with clearly defined monetary limits. These limits weren’t hidden but were clearly outlined. These “bad apple insurers” are still operating in California.

Like a lot of people, I was happy with the plan. The biggest jump in my rates occurred when Obamacare outlawed catastrophic plans. Instead of the usual 10% or so increase, I’m facing an almost 100% increase in rates.

The Obamacare plan has a deductible that’s more than twice that I previously had. It also has a $120 co-pay for urgent care visits. I’m healthy and visit the doctor so seldom that I only use urgent care facilities. Guess what? There’s a high-end urgent care center in my neighborhood that only charges $70 a visit.

So, with Obamacare, I would get a deductible that’s twice as large with a co-pay that’s worthless. Thanks, Obama!

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