RomneyCare’s insurance requirement a preview of ObamaCare

This is something those of us watching the debate over ObamaCare need to pay attention to. Your health insurance, though it may suit you and your family, may eventually need to be changed once minimum requirements once statutory and/or regulatory requirements take effect. If Massachusetts is the model for ObamaCare, then be prepared for higher insurance premiums and stricter regulation of insurance plans or a hefty tax. Take it from Massachusetts resident, Wendy Williams:

For the first two years of the mandate, our IBM health insurance was seen as acceptable in the eyes of the state. This year the rules changed. The state requires that health plans cap out-of-pocket expenses for individuals (not including monthly premiums) at $2,000 a year. Our plan’s cap is $2,500.

Ten years ago, we had excellent coverage through a more gold-plated plan. But we found that it was no longer worth paying the premiums and scaled back to a more modest policy. Today, we pay about $300 a month for catastrophic care. If we went with the next step up in plans offered to us by IBM, our monthly premium would increase to $800. We simply don’t need to pay that kind of money for the amount of health care we actually consume.

Nonetheless, we now owe the state an extra $1,000. Ironically, that’s about the extra amount we would pay out-of-pocket under our current plan if both of us actually fell ill in the same year.
[…]
So we are sticking with our plan and paying the tax. But what bothers me most is that a similar health-care mandate is being proposed in Washington, and some of the same promises that were made here are being made again—such as that the mandate will never hit middle-class folks with a new tax. When asked about the mandate, Maine Republican Sen. Olympia Snowe said recently, according to the New York Times, “It surprises me that we would have these high-level penalties on average Americans.”

This will be a feature of ObamaCare, not only the individual mandate, but a dictate from the state telling you what insurance coverage you must have.


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