Previous to the implementation of Obama's "Health Care" plan, I had an HMO. I paid a copay of $55.00 when I went to the doctor for my lab work and check up every three months. The HMO paid the $450 for the visit.
Under the HRA, I won't pay a copayment when I go to the doctor now. I will pay the $450.00 for the lab work and check up, and I will pay the $55.00 as well but it won't be called a copayment, now it is just part of the bill. So I don't pay a copayment but now instead of $55.00 for the visit, my cost will be $505.00.
The lady at Blue Cross told me not to worry though, because after I have paid $10,000 in up front costs, this plan will pay 65% of any remaining costs in a one year period. If that's her idea of good news, I'd hate to hear the bad news.
She was all fluttery about the state putting money in our account. The web page said $400 a year, but in fact it is $200.00. I told her that was a joke, it won't even pay half of my first 3 month doctor visit.
What it boils down to is that I have to pay $500 a month for no insurance.
Now, as to medicine. My HMO paid for my medicine, usually all of it but I have two prescriptions that are over $100.00 each and I had to pay $20.00 for them.
This new plan will not pay for any of my medicine until the $10,000 out of pocket expense has been met. So I have in effect lost my insurance for my medicine.
The HMO paid for Emergency Room visits. This is important because of my daughter. My new plan pays nothing for anything until we meet the 10,000 up front expense.
So, basically, my not so good HMO has been cancelled, and the new "plan" is no insurance at all. The HMO was a tremendous rip off with it's copayments, coinsurance, deductible and plan limits. But at least it paid something once in awhile for my huge premiums. This new "plan" is going to cost me Six Thousand dollars a year and as far as I can see, in an average year, it isn't going to pay one red cent in benefits. So where is my $6000 going to?