I've been trying to explain the depth of this problem to my wife...coming up with another $600 or $700 per month is going to be challenging. She thinks it will be back peddled or delayed indefinitely.
I'm anticipating massive increases in premiums. Employer contributions toward health insurance premiums will also be taxable now so just tack that onto the costs. If we are dumped and forced onto the exchanges, we'll end up still paying more than what we do now but with a significantly higher deductible. I'm not even sure if any of the local doctors or hospitals are on those plans.
This will be big enough to impact consumer spending in a negative way nationwide. I don't think people grasp how painful this will be to millions of people with employer sponsored plans that were relatively insulated from the carnage this year outside of premium hikes. Some of you are thinking that this won't impact you will be in for a shock next year.
If it's bad enough I'll get my wife a plan on the exchange and pay the penalty for myself. I am fairly confident my company will take care of us though.
This post was edited on 12/2 at 9:24 am