My health insurance policy, which is an actual “insurance” policy that insures me against catastrophic medical costs but leaves me with responsibility for day to day expenses, just became illegal. Over the last couple of years, I have documented my learning curve as, for the first time, I actually had an incentive to shop around for medical care, or to push back on doctors when I thought they are calling for too many tests and procedures. I have learned a lot about saving money, but all of this education is now for naught, as I will now be required to buy a pre-paid medical policy that leaves very little of the decision-making to my family and provides zero incentives for me to be cost conscious. Apparently, the operators of the US Postal Service and US military procurement felt they were better qualified to manage these cost/value trade-offs than I am.
via coyoteblog.com
No wonder they didn’t want that quote written in the bill. It was never and will never be true.
If you like your plan, there’s no guarantee you can keep it, and I’d hazard a guess that most of you who like your plans will either end up changing or losing them.
Of course you won’t believe me until it happens to you. That’s fine. I can wait.