The Obamacare open enrollment period has come and gone, and like most Americans, you most likely got a raw deal. There were, after all, only two ways you could have received a good deal:
- You got a government subsidy
- You had a pre-exsiting condition
Sure, if you received a subsidy you’re probably thinking you made out pretty well, but it’s not the subsidy recipients that this post is intended for. For anyone who didn’t get a subsidy, this post is meant to demonstrate what will happen with the increase over a longer period of time, for an average man. Please leave your politics at the door. This post is about simple math.
Our case study
In our case study, we are going to use the real figures and premiums for a client we quoted health insurance for in 2013, before Obamacare, and then in 2014, after Obamacare became the only option. The client was a 33-year old male, living in Ohio, a man whom we’ll refer to as ‘Average Joe’ in this post. We shopped health insurance rates for Average Joe in 2013 and in 2014. We compared the cheapest plan available to him pre-Obamacare with that which was available to him post-Obamacare. This blog shows what he could have done with the extra money, had he not been forced to pay more for health insurance.