One of the reasons why the ACA is collapsing is because the product is exceptionally expensive. Soon-to-be-former Minnesota State Senator Roger Reinert accidentally highlighted that in this op-ed.
Early in his op-ed, Sen. Reinert wrote “A friend recently shared his story with me. He is a professional in Duluth with a young family. He is self-employed and currently gets insurance through the individual market with no subsidies. His family faces health insurance deductibles and premiums in 2017 of up to $20,000, before they’d see a single dollar of benefit from having coverage. He’s considering going without and just paying the penalty.”
First, Sen. Reinert’s friend should consider himself fortunate. The Buck family, which I wrote about in this post, would consider that insurance policy cheap. Starting on Jan. 1, 2017, the Buck family’s “monthly premiums will jump to $3,300 a month with” a $13,000 deductible. That’s $40,000 in premiums that they’ll pay regardless of whether they use their insurance a single time. Then they’d have to spend another $13,000 in deductibles for a grand total of $53,000. Next, it’s worth noting that Minnesotans never experienced that type of sticker shock until the ACA was created.
What financially intelligent person would spend $20,000-$40,000 in insurance premiums, then have to spend another $12,000-$15,000 in deductibles when they can pay a fine of $2,000-$5,000 and the deductible? HINT: This is the structural flaw with the ACA. This can’t be fixed. The only way to fix the ACA is to start from scratch. Right now, the ‘tinker around the edges party’ is the DFL.
Third, Sen. Reinert was one of the DFL politicians who voted for MNsure. It’s disgusting that he’s saying it’s the Republicans’ “duty to quickly find a solution” to a crisis he created. This paragraph reeks of dishonesty:
I urge current legislative leadership to call a special session in the coming weeks to craft a short-term solution. I also urge newly elected members to the Minnesota House and Senate to set aside their differences and work together to offer an ongoing solution for Minnesotans paying these high health insurance premiums.
The only person who can call a special session is the governor. Sen. Reinert knows that. It isn’t a stretch to think that Sen. Reinert wrote that paragraph to put additional pressure on Republicans now that they’re the majority party in the House and Senate.
Republicans don’t have all of the solutions. No political party does. What Minnesota Republicans have, though, is a penchant for trying to fix things.
Authored By Let Freedom Ring Blog