It’s costing me a fortune.
First, there’s the extra $3,000 per year I’ll have to pay for my mom’s insurance.
Then there’s the havoc Obamacare is wreaking on my insurance.
I have very good insurance from my employer. Until last year, I didn’t have to pay a single cent in deductibles or co-pays. I could see any doctor I wanted, and get any prescription drugs they prescribed.
But Obamacare imposes a 40% tax on the value by which such “cadillac” insurance plans exceed $10,200. This is done to discourage such plans, thus bringing down health costs overall. The intention is that, if you really like your insurance, Obamacare is going to make damn sure you don’t get to keep it.
To prepare for this tax to hit in 2018, formerly-generous employers like mine have started introducing co-pays and deductibles where there weren’t any before. I now have a $1,500 deductible and co-pays of 10% after that, until a total out-of-pocket maximum of $2,500 per year.
So Obamacare costs me personally an extra $5,500 a year – $3,000 more for my mom’s insurance and $2,500 for mine.
How much will it cost you?