Obamacare Shock: $12,600 Deductible, 40% Co-Pay, Zero Competition

file000863634145Many Americans shopping for better health insurance deals promised by the two-week-old Obamacare system are instead being slapped with rate shock, including savings-sapping deductibles and co-pays, according to multiple reports from around the country.

For some able to get the problem-plagued Obamacare website to work, the so-called “deals” the system is coughing up around the country include $12,600 deductibles, co-pays of up to 40 percent, zero competition, and rate hikes of 260 percent.

The huge cost increases that some Obamacare applicants are seeing are feeding the effort in Congress to change the system and delay implementation until January 2014.

The top Republican on the Senate health committee has collected several official and media reports of the Obamacare horror stories Americans have encountered so far. They include:

— A $12,600 deductible. CNNMoney reported that one family “found a bronze-level plan for roughly $357 a month, after their subsidy, which they could swing. But it comes with a $12,600 family deductible.”

— Enormous rate increases. A research group found that a 30-year-old male nonsmoker “will see his lowest cost insurance option increase 260 percent.” Read full article.

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