Obamacare: 7 Things We Know Now

[steve2470]

http://www.webmd.com/health-insurance/20140319/7-things-about-obamacare

*heavily edited*

1. The March 31 Deadline Is Firm

2. You May Be an Exception to the Rules

3. Can You Keep Your Old Insurance? Maybe Not

4. Those Penalties Can Add Up

5. Premiums May Not Tell the Whole Story

6. You May Fall Through the Medicaid Gap

7. Dental Coverage Isn't Guaranteed, Except for Kids

[canoeist52]

1. Ha! Number 5 is the reason why the insurance companies need to be ditched.

"But why are deductibles so high, rising into thousands of dollars a year in some cases?

"An insurance company needs to collect more money in terms of premiums than it expects to pay out," Bowblis says. "One way to make sure this happens is to either have low premiums and high cost sharing, or high premiums and low cost sharing." The Obama administration pushed for lower premiums, he says. "But low premiums equal high deductibles.""

So what actual benefit do they provide??