The Affordable Care Act is coming into play for 2014 when the law goes into full effect. Unless you are an Obama crony and have been exempted. I am not and must abide by the laws as they are written. Fortunately for 2014, I can still get health insurance though my employer.
Every year, with inflation, I accept a slight increase in the cost of this health insurance. There is dental insurance, vision insurance and medical insurance. And this year, since it is the “open enrollment” period I find myself looking at this coming costs for 2014.
Across the board of all 3 insurance sets. Deductibles have increased as have out of pocket costs for co-pays and any other expenses the consumer has to pay that the insurance will not cover.
But here are the numbers for those that want to know just how the increases break down, many thanks to the “Affordable Care Act”.
My vision insurance has an 8% increase in cost per month of coverage. My dental insurance has a 23% increase in cost per month of coverage. And my medical insurance has a 109% increase in cost per month of coverage. Plus the increase in the deductible and the increase in co-pays.
So overall, my insurance costs have gone up by 97%.
Tell me, how is this supposed to be “affordable” again? I’m confused.