Archive for March, 2010
Who’s the ATM Machine for Obamacare?
Saturday, March 27th, 2010
Based on what I’ve been reading, the type of healthcare plan I prefer when I’m consulting would be outlawed under Obamacare. The last catastrophic coverage plan I had, an HDHC from Blue Cross, cost me approximately $1450.00 per year. This plan would not fall under the acceptable plan guidelines of Obamacare, so once the mandate kicks in holders of such plans would be fined by the I.R.S. to the tune of 2.5% of taxable income. The alternative would be to purchase a plan that falls within the minimum plan guidelines, (e.g. a “bronze plan”) which the CBO estimates would cost around $5000.00 per year. Similarily, families that use such plans would also see their premiums rise, to around $13,000.00 per year. According to eInsurance, an HDHC plan for a family of three currently runs around $4500.00 per year.
