A Millennial’s Take on His Obamacare Plan

I didn’t discover this post until today, but Millennial Moolah posted back in April about Why and How I Am Quitting My Obamacare Plan.

Key bits:

  • “So I’m not trashing this law for the folks who appreciate the benefits they have under it. Rather, I’m saying that the ACA has made healthcare so burdensome and expensive for young, healthy folks like me that it’s impossible to have a functioning insurance market while it exists.”
  • “So rationally, millennials over 26 with less than $10,000 in assets and more than $40,000 of income really don’t benefit at all from the Affordable Care Act. Most of my friends who work for small business, bars, restaurants, and other employers who don’t offer health insurance choose to forgo it entirely and pay the penalty.”

But read it all. He gets into details and numbers.

The Recovering Doctor

Someone recently asked me why I believe that health care should not be “free”. I tried to explain to him that making healthcare “free”‘ actually makes healthcare more expensive; What product or service provided by the government isn’t ridiculously expensive? (Think about the $50 rivets, $1000 toilets, etc. ). And who pays for that? The tax payer of course! We pay for it one way or another. When we pay for it directly, everyone wins…especially the doctor himself. And being a consumer of healthcare, don’t you want your doctor to be able to think with a clear mind? I, for one, do not want to be treated by a doctor who feels hog tied by the government, who is overworked and underpaid, to care for my health.

This story written by Dr. Rob Lambert tells the story of a Doctor who freed himself from our third party payment system successfully.  We need more docs to join the direct pay movement.  Not only does this movement improve quality and make healthcare affordable and accessible to consumers, but it is also changing the landscape of employer sponsored benefits in the self-insured realm, and Benefits Consulants across the USA are catching on.  If you are a direct paying consumer of healthcare or an employer with a self-insured healthcare plan, reach out to your benefit adviser for more information.

Lynne Erickson of Erickson Financial Services, the author of this article, is a benefit consultant in Colorado Springs, Colorado.