If you did not have auto insurance, would you worry? Fire insurance?
What about health insurance You may be facing this before the end of the year. About 5 million Americans will have received cancellation notices from their insurance policies by January 1. What if you are one of them?
I am safe. I am on Medicare. My wife is safe. She is with Christian Healthcare Ministries. But if I were covered by a standard policy, I would be shopping. I would want to know what my options are. I would assume that my “Sorry, Charlie” letter is in the mail, or soon will be.
I spoke to my pastor recently. He said families are now coming to him for advice on what to do. My church is an upscale church financially.
In North Dakota, 30,000 people received such letters. The number of people who have been able to buy replacement insurance on the federal healthcare site is 30. That means the odds against replacement are 1,000 to one. These are not good odds.
With numbers like these, there will be horror stories next year. There will be people who lost their coverage, and then they were struck down with statistically inevitable health afflictions. They will face bankruptcy.
These stories will reach the media. Every story will be a nightmare for their families, and a nightmare for Democrats in Congress. These are “human interest” stories. They are media worthy. People read them. So, the media feature them. Statistically, they are inevitable. They are an aspect of the law of large numbers — the basis of all insurance.
If you get cancelled, what will you do if you cannot get a replacement policy? Do you have a fallback plan?
Obama says you will be able to buy a much better policy on his website. But when? How much better?
How large will your federal subsidy be? Will you be entitled to one? What if the courts say that you are entitled to a subsidy only if your state has an exchange of its own? What if your state does not have one? Have you checked yet?
People procrastinate. I suggest that you start shopping now.