Zero-Sum Healthcare: Obamacare’s “Reform”

Scott Swain and his family had a health insurance plan they liked through his wife’s employment as a school teacher. “For 10 years we had a fantastic HMO plan that cost us very little in-out-of pocket expenses,” wrote Swain. Because of Obamacare, however, the family has lost its insurance through Catholic Reta Trust and has to go on a new plan through the school.

For Scott, the new system has so far been far more expensive for him and his wife. “For the first time in my life we must pay 10% of all our medical costs and treatments. That’s after a $500 deductible per person.”

They’re not the only ones. Swain called a representative from Reta Trust who told him this is happening across the country because of the mandate. According to Reta’s website, the company “provides affordable, quality healthcare coverage for over 35,000 participants across the United States, and serves “nearly 50 Catholic dioceses and institutions, including more than a thousand schools, hospitals, religious communities and other organizations in six states.”

The impact on Scott’s family is enormous. “We won’t know the full cost of the change until something major happens, but my last knee scope was $35,000. I had a tiny co-pay. The new insurance will have me pay $3,500 plus the first $500.”

Obamacare was sold to the American people as something that would lower costs and increase the freedoms of those who were uninsured. But, like other government intrusions into functioning marketplaces, it has instead created an artificial zero-sum game, where some may gain but many more will lose. The Swains are just one of the majority of families on Obamacare’s losing end.