Health Insurance is Junk

The current issue of Consumer Reports (March 2012) has an article entitled: Junk Health Insurance: Stingy plans may be worse than none at all.  Here is some selected text:

It might seem to be health insurance, if you don't look too closely, and most people don't.  The premiums are suprisingly affordable. . . They may think they're insured--until they have a medical problem and find out that their coverage is as skimpy as a hospital gown.

The Affordable Care Act was supposed to usher in a new era of consumer-friendly health care.  . .many are still prey to the kind of simpy "junk" plans the new law was designed to eliminate. 

My comment:

The truth is that the Affordable Care Act is shaping up in regulations to allow very skimpy plans to continue unchecked.  Even those receiving better plans will find that the actuarial value of these plans will leave them vulnerable to bankruptcy when faced with significant illness or injury in the family.  Obama-Care is unaffordable underinusrance, plain and simple.

Dr. Joe Jarvis