Insurance Risk

October 15, 2009

Wendy Williams and her husband are happy with their health insurance. Unfortunately, the Massachusetts government isn't. She writes in The Wall Street Journal that their policy caps out-of-pocket expenses at $2,500. The state, which requires everyone to have insurance or pay a penalty, says plans should cap out-of-pocket expenses at $2,000. So it's forcing Williams to either pay a $1,000 a year penalty or get a different health insurance plan, one she says would cost about $500 a month more.

Comments

|10.15.09 @ 11:16AM|#

I'm from the government and I won't cum in your mouth.

kc|10.15.09 @ 12:20PM|#

also live in MA, had to buy a more expensive plan than we need because prescription coverage is now mandated -can't opt out of it.
We're self employed, so purchase health ins. through a business association - and they only offer plans that meet the state's requirements, so I don't even have the option of buying what I want and then paying the fine (I'm looking around for other options, but don't have much hope).

LarryA|10.15.09 @ 12:29PM|#

(I'm looking around for other options, but don't have much hope).

Actually, there are 49 of them.

EscapedWestOfTheBigMuddy|10.15.09 @ 12:51PM|#

(I'm looking around for other options, but don't have much hope).

Actually, there are 49 of them.

Not if the Obamatron gets his way.

Dello|10.15.09 @ 1:41PM|#

I'm taking the 50th option.

A whole different country.

The Libertarian Guy|10.16.09 @ 10:05PM|#

This is yet another reason to keep government out of health care.

|10.17.09 @ 1:57PM|#

Well I'd be in trouble. I have a HSA whereby I pay the first $5000. I'm very happy with this as I can roll over the savings and deposit a pretax $5000 each year into the account.
As an RV'er out of SD, if I drove through MA and needed some emergency treatment or hospitalization would the Governor put me in jail? Fine me? Tell me to get out of Town? Search my vehicle for weapons? What is it that can or would do to free American.

CS%|10.21.09 @ 12:26PM|#

He wouldn't do anything to you, because the whole policy is part of the tax law. When you can't use the constitution to force people to do what you want, you can always use the tax code!