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Saturday, December 14, 2013

Peak Schadenfreude Alert

Tom Maguire at JustOneMinute - go there and read the whole thing.  Excerpts:
Were you worried that ObamaCare was maxing out as a source of comedy gold? Hmm, not even a little worried? Well, fine, but here is some more Obama-induced hilarity anyway; today's cast of thousands is the creative upper crust of Manhattan, so you know they voted for this:
With Affordable Care Act, Canceled Policies for New York Professionals
Many in New York’s professional and cultural elite have long supported President Obama’s health care plan. But now, to their surprise, thousands of writers, opera singers, music teachers, photographers, doctors, lawyers and others are learning that their health insurance plans are being canceled and they may have to pay more to get comparable coverage, if they can find it.
They are part of an unusual informal health insurance system that has developed in New York in which independent practitioners were able to get lower insurance rates through group plans, typically set up by their professional associations or chambers of commerce. That allowed them to avoid the sky-high rates in New York’s individual insurance market, historically among the most expensive in the country.
But those professional association plans were nixed by ObamaCare. Were the deductibles too high and the coverage too spotty? Au contraire, these people needed to share:
...many of the New York policies being canceled meet and often exceed the [ACA] standards, brokers say. The rationale for disqualifying those policies, said Larry Levitt, a health policy expert at the Kaiser Family Foundation, was to prevent associations from selling insurance to healthy members who are needed to keep the new health exchanges financially viable.
Siphoning those people, Mr. Levitt said, would leave the pool of health exchange customers “smaller and disproportionately sicker,” and would drive up rates.
That's right - solidarity! 

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