nos-trum. pronunciation: \nos'-trum\. noun. Etymology: Latin, neuter of noster our, ours.
1. a medicine of secret composition recommended by its preparer but usually without scientific proof of its effectiveness.
2. a usually questionable remedy or scheme.
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Friday, September 10, 2010

Health Care Reform Poison Pill Redux: Cancelled Policies

"You can keep your health insurance"...unless they cancel it.

From the Dallas Morning News (Sep 9):
Two months ago, Al and Jill Alcantara, both 63, of McKinney, got a letter from their health insurer saying their policy would not be renewed.  Al and Jill Alcantara's insurer has canceled their policy effective Feb 1...It blamed its decision on the company's inability to meet requirements of the health care overhaul signed into law this year...The Alcantaras now plan to join the Texas High Risk Insurance Pool. The plans available range from a $2,500 deductible with $1,025 monthly premium to a $7,000 deductible with a $662 monthly premium. Jill Alcantara acknowledges that's expensive.
Is this what you had in mind from health care reform?  $12,300 premium with $2,500 deductible?

An anecdote, surely...and not data.   But others will have the same experience.  The government says it's not their fault, which is surely weird.   However, in fairness, some small insurance companies enter and leave the health care business on a regular basis.  Whether this is a trend or not, time will tell.

But based on multiple reports and analyses:  free health care (for some) costs a lot (for others).

Doc D

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