The Mandated "Bronze" Policy on The Exchange will only cover 60% of the actual Health Care Cost? [View all]

[bvar22]

"There will be four different categories of plans available on the exchange: bronze, silver, gold and platinum (as well as a catastrophic plan available mostly to young adults). The benefits of the four plan types will be similar; all will cover a package of comprehensive “essential health benefits” yet to be determined by the secretary of Health and Human Services. What will vary is a family’s cost-sharing responsibility for each of the plan types. Someone in a bronze plan can expect it to cover 60 percent of average medical costs in the plan, "

http://prescriptions.blogs.nytimes.com/2010/06/08/why-would-i-sign-up-for-a-bronze-plan/

"For a bronze plan, the insurance would cover 60 percent of all health care costs for an average person. Enrollees, on average, would be responsible for paying 40 percent of the costs. For a platinum plan, an average individual would pay 10 percent out-of-pocket for their covered benefits and the insurer would pay 90 percent. However, individuals with high-cost health conditions could end up paying significantly more than the average person."

http://101.communitycatalyst.org/aca_provisions/coverage_tiers

What possible benefit will this be to the millions barely hanging on to the Middle Class who will be MANDATED to buy these policies?

If they have an accident or get sick enough to require a couple of nights in a hospital, they will lose everything whether or not they have this "Bronze" Insurance.
The only real difference is that after 2014, they will be required to also pay a monthly tithe to a For Profit Health Insurance Corporation for the privilege of STILL going Bankrupt if anything happens to them.


I WAS under the impression that Total Out of Pocket costs were capped at a percentage of an individual's income,
but apparently, THAT only applies to the Premiums the Health Insurance Vultures are allowed to charge,
and does NOT apply to the cost of the actual Health CARE if someone tries to USE their "Bronze" Insurance.

PLEASE tell me I am wrong,
and show me where I have misread or misinterpreted this information.

If the millions of Mandated Bronze Policy Holders are still required to pay 40% of the actual Health Care Cost,
then 2014 is going to be a rough year for the Democratic Party.

In civilized countries, Medical Bankruptcy is virtually unknown.