Credit the New York Times. It reported Monday on the shock expressed by Harvard professors (some of whom are quite willing to be named) by the modest cost increases they are experiencing as a result of Obamacare.
Read the article for the ironies. Out-of-pocket costs are going up but premiums on average may even go down. The Times writes:
Jerry R. Green, a professor of economics and a former provost who has been on the Harvard faculty for more than four decades, said the new out-of-pocket costs could lead people to defer medical care or diagnostic tests, causing more serious illnesses and costly complications in the future.
On the other hand, the Times says:
Harvard’s new plan is far more generous than plans sold on public insurance exchanges under the Affordable Care Act. Harvard says its plan pays 91 percent of the cost of services for the covered population, while the most popular plans on the exchanges, known as silver plans, pay 70 percent, on average, reflecting their “actuarial value.”
(Fortunately, less well-off professors have a safety net because Harvard has resources “to provide protection against high out-of-pocket costs for employees earning $95,000 a year or less.”)
Rich Lowry, editor of National Review, comments on the situation and remarks:
Perhaps President Barack Obama can issue an executive order waiving Obamacare for Ivy League faculties that believed his election was the dawn of a new era of enlightened rule.






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