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Letter: 'Free' market health care is too pricey

Published February 11, 2014 1:01 am
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

I get so very tired of free-market enthusiasts saying "Let the free market work" to bring down health-care costs. (Sen. Orrin Hatch's op-ed "Obamacare threatens Utah families' future," Feb. 9, is the latest example.)

If the free market has been so efficient, why did my free-market, high-deductible, pre-ACA premium of $1,450 drop to $780 in January when I switched from a non-conforming policy to an ACA "bronze" policy?

The individual market on healthcare.gov shows that I couldn't even spend $1,450 for a "gold" plan, as the maximum premium there is $1,223. If the free market is so good why didn't it lower premiums prior to January? Why was I paying almost twice as much for a comparable policy from the same company?



And why was I paying $1,450 for a high-deductible policy? All but one in our family were denied private insurance, so we rolled from employer-based coverage to COBRA to the Utah continuation coverage. The free market decided we weren't healthy enough to make enough of a profit on, even though we haven't ever been close to our deductible.

Someone tell me again about the benefits of a free market here, because I haven't seen them myself.

Scott McCarty

Cottonwood Heights

 

 

 

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