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View Diary: The ACA "train wreck" with my healthcare insurance (202 comments)

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  •  Employer insurance up 21% this year (1+ / 0-)
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    red moon dog

    I own a small business.  13 years ago when I started I paid 100% of the family of four premium for BCBS aware gold.  I had a relatively young and healthy labor force.

     Over the years I've had to decrease the percentage I paid because the insurance costs were going up 5-20% per year which, unfortunately was not matched by any other business number except my property tax.

    Now add the great recession which literally hammered a business like mine which is construction related.  I was  looking forward to ObamaCare finally bringing some rationality to HC costs.

    My plan year runs Oct. 1 to Sept 31 so I've just renewed.  We have a high deductable plan and the costs still went up 21% vs. last year.  Excessive claims were not a problem.  My insurance guy explained that the rise was due to mandated coverages added per the HCA and that it'll be worse next year due to additional mandates like pediatric dental and vision coverages.

    I'm hoping the exchange rates will be better but the information supplied so far is incomplete.  If the exchange provides a better value than our small group plan I will cancel our company insurance.  I don't want to cancel the employer supplied plan but if the exchange is cheaper it would make sense.

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