Gansman: Affordable Healthcare Act’s hurts small businesses
May 13, 2014
I have been the owner of a small business with six employees for over 25 years. For years, we have offered a health plan for our employees whereby we pay 60 percent of their health plan coverage and the employee pays 40 percent.
We were all told that the current administration and the Democratic Senate wrote and passed the Affordable Health Care Act in 2010 without one vote from the other side of the Senate aisle. In reality, this legislation was written by groups like big health care, hospitals and pharmaceutical companies because they all stood to make a lot of money with the ACA implementation. These same groups were also assured that if the ACA should fail for any number of reasons, the administration would bail them out — with taxpayer money just like Fannie May and Freddie Mac. The only people who were not consulted when the ACA was being written were the two most important — we the patients and our doctors.
Of our six current employees, two have been on Medicare for a number of years and one is covered by her spouse's health plan. Therefore, we have three employees now covered in our small-business health care plan. For the past nearly four years, our current president made the following statements numerous times:
1. If you like your plan, you can keep it — period.
2. If you like your doctor, you can keep your doctor — period.
3. The only changes you will see are falling costs as our reforms take hold.
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Well, all these statements are false and pure lies. How do I know this? Just take a look at some of the differences between the 2013-14 company health care plan we had and liked with the 2014-15 health care plan our company is being forced to accept from BlueCross BlueShield. (Also, you need to know that plans offered by Aetna, Humana and United Health Care were even worse.)
Individual deductible increased from $250 to $500 — a 100 percent increase.
Coinsurance level increased from $1,000 to $5,000 — a 500 percent increase.
The out-of-pocket maximum increased from $3,000 to $12,700 — a 423 percent increase.
Individual monthly premiums increased from ~$1,204 to ~$1,499 — a 24.5 percent increase.
Are we better off now than we were before the implementation of ACA? And, this is not the end. There are more increases coming for less service in future years.
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