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November 24, 2013

Thank you, Jeremy Olson!

His column in the STRIB today focused on an important MN-based statistic that clearly shows that indeed, the healthcare issues have been blown out of proportion.

Of the 263,000 Minnesotans with private plans, an estimate 181,000 live in households that qualify for subsidies-so the quoted cost is irrelevant.  82,000 do not qualify.  Historical statistics show 2/3 of those do not keep a plan for more than a year -representing the pre-ACA turnover rate.  That reduces  the BIG number of 23,000 persons being impacted.

Yes that is concerning.  BUT in Minnesota, it is LESS THAN THOSE DEEMED UNINSURABLE PRIOR TO THE PASSING OF OBAMACARE.

 Most of us who have had individual plans for 20+ years surely know that coverage is often cancelled or rates rise unexpectedly. It happened to me.  I fell. I broke my back.  I was in physical therapy for almost 3 years.  My insurance was cancelled.  Between doctor bills, therapy bills and my new catastrophic insurance policy of over $1000 a month, AND no income for a significant period of time, I spent almost $250,000 of retirement savings.  

So yes, I know the problems of the self-insured.  And I know how fickle that “safety net” was; in fact, for the most part it was a MYTH and I was carrying a policy through one of the major insurance companies – not through a little-known company that preys on the unfortunate and vulnerable.

Ask yourself – which is a worse situation?  Fewer people are actually being impacted today with the start up of Obamacare than were impacted every single day prior to it – just because they had a pre-existing condition.  How mad did that make you?  How much posturing and pointing of fingers did you do then in behalf of all of those persons that were being taken advantage of?  Then look in the mirror and promise yourself you are going to shut up….unless your ranting is not because you care, but is motivated by politics!

 

 

 

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