Former MSNBC host Dylan Ratigan recently got a rude awakening about Obamacare when he received a cancellation notice in the mail for his catastrophic insurance policy.
I bought a catastrophic health policy for $170/mo when I left MSNBC. Obamacare cancelled the policy. New rate $600/mo. Thnx Mr. President!— Dylan Ratigan (@DylanRatigan) November 8, 2013
Interesting discussion...many seem to think paying a high deductible in exchange for low cost catastrophic should be outlawed? I disagree.— Dylan Ratigan (@DylanRatigan) November 8, 2013
Serious question...do you guys think simple catastrophic coverage should be outlawed? If so, why?— Dylan Ratigan (@DylanRatigan) November 8, 2013
I have been a long time advocate of catastrophic with a transparent mkt for routine. Struck me as interesting that that is illegal now.— Dylan Ratigan (@DylanRatigan) November 8, 2013
We've known for years Obamacare would get rid of catastrophic insurance plans, Ratigan just wasn't paying close enough attention. The good news is, Ratigan isn't being a hypocrite on this issue and has been a critic of Obamacare since the beginning by pointing out the cronyism between the government and healthcare insurance companies. A flashback from 2009: