I read the letter Insurance changes an outrage (Jan. 29) and I did the math. The writers numbers indicate he was paying $2,556 per year, or $213 per month (which is $106.50 per person, assuming hes part of a couple since he referred to our coverage). He says he has been in the insurance business for 40 years. That indicates he is in his early 60s.
My experience when my husband retired in 1999 was that it cost us $300-plus per month for decent coverage until he was 65. At the time, he was in perfect health, no pre-existing conditions. Im positive that insurance coverage hasnt gotten cheaper since 1999.
I think the writer is darned lucky he didnt have any major medical problems during the time he had this perfect coverage.
People complain about losing plans costing under $100 per month. I believe they were woefully underinsured and should thank the Affordable Care Act for helping them see that. These plans collect premiums, pay limited benefits and just when you most need insurance, youre out of coverage. Common sense should tell you that insurers will not pay out hundreds of thousands of dollars on these cheap policies. These are the medical bills that bankrupt so many people, not the occasional visit for minor ailments, which insurers happily pay.