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Discriminatory practices of the Affordable Care Act

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The National Association of Insurance Commissioners, and the Center for Insurance Policy and Research made available for public review a series of questions and answers concerning the Affordable Care Act (ACA), which was apparently missed by those of us who are concerned about federal and economic discrimination in this country.

The following excerpt was taken from the National Association of Insurance Commissioners web page, www.naic.org/index_health_reform_faq.htw.

“Will insurers be able to charge me more because of my age?
Yes, though they may not charge older individuals a premium that is more than 300% of the premium charged a younger individual. Currently, rates can vary based on age as much as 700% in some cases. In addition, insurers may not vary rates based on health, claims, genetic information, or any other health-related factors. Insurers may only vary rates in a state by age (within limits), tobacco use, geography, and the number of family members covered.”

So, 300% is the minimum increase that a person facing retirement will need to pay to be protected? Sounds more like extortion to me. The current administration is completely forgetting that most of the baby boomers who survived Viet Nam, Richard Nixon not to mention Jimmy Carter, have been paying for decades into the Social Security System and Medicare in order to secure assistance for us in retirement.

Now simply because you were born between 1945 and 1962 you face the real potential of being forced to pay 300% more for your health insurance than someone born in 1963. This is discrimination in its most blatant form.

Here is the next question that blew me away:

“How will my out-of-pocket costs be impacted?
All plans sold or renewed in 2014, must limit the out-of-pocket exposure of consumers to approximately $6,000 for individual and $12,000 for families. These limits will be indexed to average premium growth in future years. In addition, the deductible for plans in the small group market will be limited to $2,000 for individuals and $4,000 for families in 2014, also indexed to average premium growth in future years.

Also, all plans must design their cost-sharing (deductibles, copays, and coinsurance) to fit into specific levels of coverage. The levels of coverage are defined as follows:
• Bronze Level – The plan must cover 60% of expected costs for the average individual
• Silver Level – The plan must cover 70% of expected costs for the average individual
• Gold Level – The plan must cover 80% of expected costs for the average individual
• Platinum Level – The plan must cover 90% of expected costs for the average individual.”

The Bronze Level plan was recommended for my family, a $12,000 deductible per year, indeed. The insurance carriers which designed and agreed to this plan reserve the right to increase the premium year by year, which every clear thinking insurance executive will agree with.

I will pay whatever penalty is going to be leveled rather than to submit to my government’s economic discrimination.

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