Medical Journal Editorial Blasts Obamacare for Increasing Underinsurance-
▻http://www.nakedcapitalism.com/2013/04/medical-journal-editorial-blasts-obamacare-for-increasing-underinsu
... the real problem is that (...) lower-income people will (...) presumably only be able to afford the lowest tier plans, which are bronze plans. And bronze plans are terrible. They are designed so that the insurance covers only 60% of costs. The insured is expected to pick up 40%. And this is inadequate.
62% of bankruptcies in 2007 had medical bills as a contributing factor. Only 22% of those individuals were uninsured. And Obamacare-style coverage does nothing to lower this risk. The Massachusetts health care program, whose bronze plans are more generous, designed to cover 70% of medical expenses as opposed to Obamacare’s 60%, did not reduce medical bankruptcies.
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And in parallel, a stealth plan to weaken Medicare and force more low-income people into these lousy private plans is underway:
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▻http://org.salsalabs.com/o/307/images/JGIM%20Underinsurance%20Proofs%20Un-Corrected%281%29.pdf