Ignorance costs. Most people do not understand  the costs associated with ObamaCare:
For example: Â Do you know what a “deductible” is?
A recent academic study published in the Journal of Health Economicsfound that just 14% of individuals who have health coverage could correctly answer all four of four basic questions about health insurance. For example, they did not know  what a “deductible†and “copay†are.
If comprehension figures are that low for the insured, analysts worry what that portends for the uninsured, especially for a program as complex as Obamacare.
Unawareness of terms like “deductible†could prove mind boggling for people.Â
A recent analysis by Avalere Health of 19 state marketplace plans found that the average deductible for an Obamacare bronze plan—the lowest option available—is $4,300. That means big out-of-pocket costs for the newly insured.
Other studies have show similar results. A Carnegie Mellon University study finds that 86% of Americans ages 25 to 64 do not understand Obamacare.
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