Go for the Bronze! OR Actuarial Scroogery
Sexy Actuary is going to be the hot Halloween Costume in 2014. Girls with glasses, meow! |
Well, Ed Henry, F. Chuck Todd, Major Lt. Col. Garrett and the rest of the White House press corps (not corpses) can stop asking the President when he will be signing up for Obamacare. He did.
Let’s see what the Washington Post has to say about this act of empty symbolism:
HONOLULU – President Obama has enrolled in the federal health-care insurance exchanges, selecting a bronze-tiered insurance plan on the D.C. marketplace, the White House announced Monday.
In advance of Monday’s key enrollment deadline, Obama signed up for coverage over the weekend during the start of his holiday vacation here in Hawaii in what a White House official described as a “symbolic” act to promote the Affordable Care Act, his signature legislative achievement.
The president’s health care will continue to be provided by the military, according to a statement distributed to reporters from a White House official who demanded anonymity.
Still, the White House official added, Obama “was pleased to participate in a plan as a show of support for these marketplaces which are providing quality, affordable health-care options to more than a million people.”
So, he gets to keep his current plan (personalized medicine courtesy of our nation’s finest soldier-doctors), as Dr. J.’s sure he likes it, and he probably gets to keep his doctors too, if he likes them as well. Dr. J. suspects he doesn’t like doctors at all, but he’s got to keep one. Similarly, if he so chose, as a Federal employee, he could probably sign up for employer based Federal BC&BS.
So this amounts to yet another empty gesture to show empathy for John Q. Public in hopes of making them like Obamacare.
Unfortunately, the President can’t even get a symbolic gesture right.
The President got a Bronze plan, you see, and let us see what that gets Mr. President?
Bronze Plan: The bronze plan is the lowest cost plan available. It has the lowest premiums and in exchange has the lowest actuarial value. The actuarial value of a bronze plan is 60%. This means that 60% of medical costs are paid for by the insurance company, leaving the other 40% to be paid by you.
Silver Plan: The Silver plan is the second lowest cost plan, it has an actuarial value of 70%. This means that 70% of medical costs are paid for by the insurance company, leaving the other 30% to be paid by you. The Silver plan is the standard choice for most reasonably healthy families who historically use medical services.
Gold Plan: The Gold plan is the second most expensive plan, it has an actuarial value of 80%. This means that 80% of medical costs are paid for by the insurance company, leaving the other 20% to be paid by you.
Platinum Plan: The Platinum plan is the plan with the highest premiums offered on the Washington, D.C. insurance exchange. The Platinum plan as an actuarial value of 90%. This means that 90% of medical costs are paid for by the insurance company, leaving the other 10% to be paid by you. This plan is suggested to those with high incomes and those in poor health. Although coverage is more expensive up front the 90% coverage of costs will help those who use medical services frequently.
So, Gentle Readers, what is the point of Obamacare?
The healthy and affluent are springing for those with pre-existing conditions and those in need, correct? That is why those with high incomes are discourage from partially self insuring (Bronze style) and reaching for the Platinum ring.
The President believes in spreading the wealth around, correct?
He’s wealthy, correct?
So, he’s probably paying $160 a month for a Kaiser Permanente Bronze HMO plan he will never use when he could readily spring for the $814 a month for the CareFirst Platinum PPO that he will similarly not use and at the same time, be helping out more people. In other words he is taking a page out of the Christmas Carol, like Scrooge, not doing his ‘fair share’ as he’s [Scrooge] already paying taxes has his obligation to the poor. Charity begins at home, but not with liberals, for whom charity begins in YOUR home.
I am the Ghost of the IPAB, and I’m here to help you…Hospice is to your left… |
He’s a progressive, right? He’s supposed to care, right?
Well, Dr. J. would have hoped he spent a lost weekend like many of his constituents, signing up for Obamacare, but he still managed to get a round of golf in and catch a basketball game. Sigh!