The more we learn about ObamaCare, the most distasteful it becomes.

In the radical Leftist blog,  The Daily Kos,  the Progressive geniuses  publishing that very large Left Wing daily,  attempt to justify ObamaCare on the grounds that it will save folks from bankruptcy when previously insured Americans (before ObamaCare) were paying for “poor quality insurance” (according to Obama) . An excerpt is given below,  in the “after notes.”

 

The article fails to mention that premiums, under ObamaCare, often triple;  co-pays double,  and deductibles are raised to between $5,000 and $12,000 per year.  For many.  Obama takes away a $400 per month policy with a 20% co-pay provision and a $2500 annual deductible and replaces it with an $800 per month policy,  a 50% co-pay requirement and a $12,000 annual deductible.  For many,  these ObamaCare policy will drive many into bankruptcy,  if they can afford to pay for the policies to start with. 

Understand that most of my middle class friends can not afford $12,000 worth of medical bills per year,  and certain not if they had to come up with that much money two, three,  ten, years in a row.  ObamaCare does nothing for these people.  

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After notes:  The Daily Kos excerpt:

We often hear politicians say that tens of millions of families are one bad diagnosis away from bankruptcy.

For once, they are not exaggerating.

Nearly 2 million people are expected to become bankrupt this year due to unpaid medical bills.  Without the Affordable Care Act, that would mean that 15% of the country would have declared bankruptcy in the next decade.

Based on 2007 estimates, medical-debt driven bankruptcies account for more than 60% of all personal bankruptcies.    Based upon the trends noted in 2007 compared to 2001,that percentage is likely even higher today.  

Some of those were people who had no insurance.  Whether it was because they did not bother, or could not afford it, or were excluded, is difficult to know.

But, 75% of these bankruptcies were people who actually had insurance.   Their problem is that it was not very good insurance, and so it did not cover enough of their expenses.   Moreover, there was no cap on the amount the individual would have to pay.