As bad as the above cartoon is, I would be happy if it depicted our Obamacare situation. Our health insurance reality is worse. I’m offering this analysis as background which lead our decision to use the Obamacare exemption which requires us to be on foreign soil for a period of 330 days. Yes, we are Obamacare Escapees, Bon Voyage……..
What if, over a period of 4 years, the US Government raised fuel taxes causing gasoline to increase from $3.50 to $12.32 a gallon and called this the Affordable Petroleum Act? Percentage wise, this is exactly what has happened to my Affordable Care Act insurance premiums since I retired in 2011.
When I retired four years ago, my company-provided retirement health insurance premiums were $425 a month for a $10,000 deductible family plan, no vision, prescription or dental benefits included. After four years of The Affordable Care Act, (ACA) my monthly premium has escalated to $1,079.17 a month. This would be like the price of gasoline increasing from $2.50 to $6.35 and calling this government benefit the “Affordable Petroleum Act.”