(The Hill) Thanks to ObamaCare, a family health insurance policy bought on the health insurance exchange can cost the same or more than leasing a 2017 Bentley, Aston Martin, McLaren or even a Rolls-Royce.
ObamaCare open enrollment for 2018 has begun, so a friend and tax policy expert living in Northern Virginia recently went looking at his family’s health insurance options. A CareFirst BlueCross BlueShield silver-level family HMO plan with a $3,500 deductible would cost my friend $2,179 per month. The BlueCross gold-level HMO with a $1,000 deductible would cost $2,500 per month.
However, people tend to choose Preferred Provider Organizations (PPOs) when possible because they allow patients more flexibility; you don’t necessarily have to see a family doctor before contacting a specialist. But consumers pay for that extra flexibility — especially under ObamaCare.