Seymour Flops
Diamond Member
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www.cnn.com
When patients come to Eric Frankenfeld’s chiropractic practice with insurance woes, his wife, Lisa, the office manager, tells them not to worry because she’ll work with them to keep care affordable.
But starting in January, the Frankenfelds might need to ask for the same treatment from their own doctors, since they will become uninsured. The Point Pleasant, New Jersey, couple will no longer be able to afford their Obamacare plan after the enhanced premiums subsidies lapse at year’s end. They decided to forgo coverage after learning that their plan’s premium will skyrocket to $1,928 a month, up from $340 this year.
Though they are both healthy, the idea of losing coverage keeps Lisa Frankenfeld, 62, up at night — worrying one of them might be diagnosed with cancer, suffer a stroke or heart attack or get into a serious accident.
I'm surprised that CNN ran with this story. But I have asked over and over for examples of people actually losing their healthcare insurance due to the subsidies expiration.
These people will not be sympathetic to the waitresses, mechanics, and janitors who have been paying for the COVID supplements for these high-earning professionals. Punching a clock to pay $1,588 per month toward this entrepreneur couple's health insurance when their own may cost them far more than $340 per month.
Someone wants to be a self-employed entrepreneur, I admire them and their willingness to take risks. But, I don't want to subsidize their boss-free lifestyle by working for the man so they don't have to.
I have known several couples in which one spouse works a job with full benefits while the other pursues dreams of being an artist of some kind, or an entrepreneur. One lady was a teacher and her husband owned a semi-pro football team. That was his dream, but it didn't pay well and provided no benefits. I've also known men who were building up entrepreneurial success but worked part-time jobs for the benefits. I knew several in that exact position when I was in UPS management.
I'm not saying that this chiropractor and wife have to do that, but that is certainly an option. They should be looking for opportunities like that, such as Starbucks, Costco, Chipotle, Lowes, and Staples.
I thought the ACA marketplace was intended to make policies affordable? I'm in my sixties also with no kids and my employer provided policy is not nearly that expensive.