ObamaCare Clusterfuck: Supplemental private insurance emerges to cover the high out-of-pocket costs of ObamaCare's insurance
As out-of-pocket medical costs grow for many Americans, the insurance industry is offering a way to help and, at the same time, expand its business: by selling supplemental policies that may fill the gaps for consumers.
The policies are promoted as helping cover out-of-pocket expenses that can reach thousands of dollars in plans offered by employers and the health law’s online marketplace.
"These supplemental health products have been recently — and we believe will be in the future — one of the fastest growing components of the employer benefits market," said Todd Katz, an executive vice president with MetLife.
Some experts, however, see risk for policyholders in the lightly regulated plans, which tend to be highly profitable for insurers and might be mistaken for more generous coverage.
Just when you think the hilarity can't get more intense, eh? ObamaCare not only guarantees the health insurance parasites a market, it's so poorly designed -- or so well designed -- that it opens up whole new markets for them! You can insure yourself against ObamaCare's crappy policies if you buy a second, additional, crappy policy! It's GENIUS!! Only a satirist of, say, Jonathan Swift's calibre could come up with an appropriate response. But wait! He did!
So, naturalists observe, a flea
Has smaller fleas that on him prey;
And these have smaller still to bite 'em,
And so proceed ad infinitum.
"Siphonaptera," I love it. I'm going to try calling bloodsucking rentier parasites Siphonaptera every chance I get.