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Finding out what’s in it: The purchase of short-term health plans outside of Obamacare is sky-rocketing as citizens scramble to avoid the law’s high costs.
A fast-growing, short-term alternative to ObamaCare that allows customers to get cheap, one-year policies could put the government-subsidized plan into a death spiral. The plans, the only ones allowed for sale outside of ObamaCare exchanges, generally cost less than half of what similar ObamaCare policies cost, and are increasing in popularity as uninsured Americans learn they are required to get health coverage. The catch — that the policies only last for a year — is not much of a deterrent, given that customers can always sign up for ObamaCare if their short-term coverage is not renewed.
“Applications rose 30 percent compared to last year,” eHealthInsurance.com Enrollment Specialist Carrie McLean told FoxNews.com. Other providers said they also see rapid growth in the plans, which have a typical monthly premium of just over $100, compared to traditional plans that cost an average of $271.
The irony here is that when Obamacare caused the cancellation of hundreds of thousands if not millions of health plans that people liked, wanted, and could afford, Obama and the Democrats claimed that those plans were cheap and bad plans that those people shouldn’t have liked or purchased in the first place. The Democrats knew better, and because they cared, they passed Obamacare to force everyone off those plans. Now, because Obamacare plans are so expensive many simply can’t afford them, people are buying these short-term health plans, which are exactly like the kind of garbage health plans that the Democrats claimed Obamacare had eliminated.
Thank you Barack Obama and the Democratic Party. Your wisdom knows no bounds!
Note also that when government creates a situation where needed products or goods are no longer affordable, some form of black market in those products or goods is going to appear, no matter what. This is an example of that.