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Response to proud2BlibKansan (Original post)

Mon Nov 26, 2012, 01:18 PM

61. "Medical Bankruptcy" is a term almost unknown in civilized countries,

but will still be Big Business here in the US even after all the provisions on the ACA are enacted.

....Maybe even Bigger Business when those MILLIONS on The Exchange try to convert their mandated "Bronze" Policies into actual Health Care and discover they are STILL responsible for 40% of the hospital bill.

"For a bronze plan, the insurance would cover 60 percent of all health care costs for an average person. Enrollees, on average, would be responsible for paying 40 percent of the costs. For a platinum plan, an average individual would pay 10 percent out-of-pocket for their covered benefits and the insurer would pay 90 percent. However, individuals with high-cost health conditions could end up paying significantly more than the average person. For an example of how actuarial value will look on the Federal Employee Health Benefit Plan, see here.

http://101.communitycatalyst.org/aca_provisions/coverage_tiers


"There will be four different categories of plans available on the exchange: bronze, silver, gold and platinum (as well as a catastrophic plan available mostly to young adults). The benefits of the four plan types will be similar; all will cover a package of comprehensive “essential health benefits” yet to be determined by the secretary of Health and Human Services. What will vary is a family’s cost-sharing responsibility for each of the plan types. Someone in a bronze plan can expect it to cover 60 percent of average medical costs in the plan, for example, while someone in a silver plan can expect 70 percent of plan costs to be covered, and so on."

http://prescriptions.blogs.nytimes.com/2010/06/08/why-would-i-sign-up-for-a-bronze-plan/


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proud2BlibKansan Nov 2012 OP
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