Tags: Obamacare | employer | insurance | copay

CNNMoney: Obamacare Enrollees Pay More Than Those With Employer Insurance Do

By    |   Friday, 13 February 2015 10:44 AM

Americans who buy their healthcare insurance through the Obamacare health insurance exchanges appear to pay more for physician care and medication than do those who have insurance through their employers.

That's what CNNMoney found in a comparison of reports by the Kaiser Family Foundation and Health Research & Education Trust. They analyzed rates for Obamacare exchanges in 2015 and for employer plans in 2014.

More than 7.75 million people have enrolled in private health insurance through the Obamacare federal website as of Feb. 6.

"Deductibles, copayments and drug payments are higher under the average Obamacare silver-level plans — the most popular — than employer policies," writes Tami Luhby of CNNMoney.

"To be sure, having Obamacare coverage is often better than being uninsured, especially if you rack up big bills through a major illness or accident."

Obamacare enrollees have complained about high deductibles. When it comes to copays, "employers have been raising their co-pays in recent years, but those in Obamacare plans are still higher," Luhby says.

"Whatever plan they have, consumers should brace for higher out-of-pocket costs in the future," as employers and insurers seek to cut costs, she says.

Elisabeth Rosenthal of The New York Times says Obamacare has its pluses, but plenty of minuses too.

"The Affordable Care Act has erased some of the more egregious practices of the American health insurance system that left patients bankrupt or losing homes to pay bills. Insurers can no longer deny coverage to those with pre­existing conditions, for example," she writes.

"But by endorsing and expanding the complex new policies promoted by the healthcare industry, the law may in some ways be undermining its signature promise: healthcare that is accessible and affordable for all."
Obamacare brought with it "complex new health insurance products featuring legions of out-of-pocket co-insurance fees, high deductibles and narrow provider networks," Rosenthal says.

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Americans who buy their healthcare insurance through the Obamacare health insurance exchanges appear to pay more for physician care and medication than do those who have insurance through their employers.
Obamacare, employer, insurance, copay
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2015-44-13
Friday, 13 February 2015 10:44 AM
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