I had an interesting conversation with a co-worker about Obamacare a few days ago. He's sixty years old and is going to retire this year. He has plenty of money. In fact, his younger wife retired last year. Well, long story short, we were talking about how he has to pay for insurance out of his pocket until he's old enough for Medicare. He said he was just going to pay for COBRA. It was going to cost him $1,200 a month. I told him to check out Obamacare... He didn't want anything to do with it. He said he didn't really know how it worked or anything about it.
I explained to him how Obamacare is just an insurance exchange where all the different companies compete for your business.
Well, today I asked him how his insurance shopping was going. He said when he got home after work that day, he called a local insurance agent and inquired about it. Yada, Yada, Yada. (seinfeld) his premium is going from $1,200 (COBRA) to $593.00 a month (Obamacare). Yeah, he's pretty happy about it.
He said none of the news channels that he watches ever explained how it worked like the insurance agent did. Yep! you guessed it. Mostly Fox News. He said every night they talked about the horrors of it without actually explaining how it worked. Needless to say, he now has a different opinion.
And then, I see this story tonight. Almost exactly the same.... Go figure!