"Health insurance plans are getting crummier, and these charts prove it."Welcome to Obamacare, honey.
From Sarah Kliff:
If you ask any economist the main purpose of health insurance, the answer you'll probably get back is this: to protect against financial catastrophe.
Yes, the free annual check-ups or discounted gym memberships that health plans sometimes offer are nice. But the real thing you're purchasing with your monthly premium is protection against financial ruin. You're paying for someone else to be on the hook for the big medical bills that can and will pile up in the case of serious illness or accident.
Except, increasingly, insurance does not provide that type of protection. That's the main takeaway from a new Commonwealth Fund report on the "underinsured," or people who have health insurance that leaves them exposed to really big costs — and who appear to skip care due to the price.Got that? Five years after passage of Obamacare, this supporter who used her position as a reporter on at least three publications, finally got around to looking up what health insurance is.
Spoiler alert: It is everything those old white tea-bagging Tea Party members said it was six years ago.