My employer’s benefits programs renew and update every March 1st, so last Friday we sat down in a staff meeting to discuss the upcoming changes and enhancements to the program. During this meeting, we learned about healthy lifestyle choices, alternative ways to better use our benefits and insurance, and other riveting facts and figures. In attendance were representatives from our benefits broker agency as well as a representative from our carrier.
The representative from our carrier informed us of a new benefit we would be receiving. We now have the ability to go two times per year for ‘wellness’ visits. These visits will not even require a co-pay, she tells us! She is so excited about this feature that she actually personally thanked President Obama, and praised his “new healthcare initiative” (her words) as the reason for this change. My co-pay for an office visit ranges from $25-$60, depending on the type of doctor, reason for visit, and services rendered. So, at best, these two visits would save me $120 per year. On the surface, that is not a bad deal, and on the surface is where she left it.
Ten minutes later, our benefits broker stood up in front of his PowerPoint slides and explained to us that our rates were rising, and went through the variety of reasons that health care costs are rising. If my math is accurate, the increase in my premiums will be nearly $300 per year. Furthermore, my premium only represents a fraction of the total cost of my coverage, as my employer contributes a significant majority (75-80%) of the total cost. So, if my cost is going up $300, my employer’s cost for me is going up at least 3 times that much. Hmm, something is not right here… I now get up to $120 in wellness visits for free, but I am paying almost 3x as much in premiums.
I will not be so naive as to claim that this wellness visit option from ObamaCare pumped my premiums up that much. It is much more likely that the overweight, out-of-shape, always sick co-workers of mine had a significant impact as well, but that is a post for another day. But these “free” initiatives, such as the birth control mandate that has been front and center in the news this week, are NOT FREE. My favorite cliché from my years in college getting a business degree is, “There is no such thing as a free lunch”. Someone always pays. The politicians who pushed the health care bill through in 2010 will claim that this cost is going to be picked up by the insurers, and on paper it will. But any business that seeks to make a profit (is there a business that doesn’t??) will be forced to take action. They will find other ways to pass the cost on, as they should. Every business that operates is in the same industry... the industry of making a profit. Even if they get subsidies from the government to cover their increased costs, we as taxpayers will foot the bill.
I think what makes me most angry is the fact that this representative could sit there with a smile and pontificate about the “free” visits and then listen to the broker explain about our increased premiums. Does she think I am stupid? Or is she that stupid to believe what her own words? Either way I lose.
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