WASHINGTON (CNN) - Many Americans are suffering from sticker shock after checking out Obamacare policy prices. In some cases, consumers will get more for their money, but not everyone wants that.
Dave Payne, a 34-year-old public relations professional in Florida, was initially excited about Obamacare. He buys his own insurance, and he thought, ‘Now, I’ll get a better price.’ However, instead he got sticker shock. It was really disheartening.
Currently, Payne spends $173 a month for a policy with a $5,000 deductible. Under Obamacare, his new plan would cost $244 a month with a deductible of more than $6,000.
It's ridiculous, but hold on a minute. When CNN looked at Dave's current, more inexpensive policy, there are a lot of holes in it. It doesn't cover maternity care, or brand name drugs, or mental health care or even routine illnesses like hernias or ear infections.
CNN asked Dave about this and Dave said that's fine with him. “It provides me the options I’m comfortable at the dollar amount that I’m comfortable with.”
The Obama Administration argues that so-called swiss-cheese policies like Dave's are financially risky since you can never predict what illness you're going to get.
An administration official testified on Capitol Hill Tuesday that insurance companies have to change policies like Payne's. If they offer new plans, they have to come into the requirements of the Affordable Care Act.
Payne says he doesn't understand why he should pay more when he hardly ever goes to the doctor. “I'm young and healthy currently and I intend to stay that way.”
He prefers his old policy no matter what illnesses the future might bring.