… wait until you see what lies ahead with Obamacare implementation. Grace-Marie Turner of the Galen Institute offers that warning in a National Review Online column.
[E]ventually, software can be fixed. Obamacare’s epic policy flaws can’t.
The problems increasingly are going to be up close and personal, as people see for themselves the impact it has on their lives and pocketbooks. The top ten debacles to come:
1. Deductible shock: When consumers finally do get onto the Healthcare.gov website, they are in for a new kind of sticker shock. Avik Roy of the Manhattan Institute has exposed the high cost of Obamacare premiums — the next price shock will be the whopping cost of the deductibles. …
… 2. Will people pay? When people see they have to pay several hundred dollars a month for a plan with this huge deductible, will they pay the premiums? Many will find it hard to fit the cost into already-strained family budgets.
The Congressional Budget Office expects 7 million people to enroll in health insurance through the exchanges by 2014, and it needs about 2.7 million of them to be “young healthies” who will enroll, and pay premiums that are higher than their age or health status would warrant because of the law’s regulations. Enough Americans may enroll, but will they keep up with their premiums month after month? A key date will be April 1, when people who enroll by December will be dropped from their plans if they haven’t paid the premiums. If they default, they will be forced to pay the penalty.
3. Attracting the sickest: Sicker Americans, with high health costs, are the ones most determined to get through the Healthcare.gov website to enroll. If they dominate enrollment, premiums will have to rise in 2015, discouraging even more young healthies from applying in the future. The industry calls this a “death spiral.”
Read the entire column to find a disturbing top-10 list of potential Obamacare disasters.
