The health insurance companies are getting rich off of us! My friend has cobra and pays $680 per month for a $1500 deductible and a $3,000 max out of pocket. With Obama care a plan that is $5.8000 deductible and $5,800 max out of pocket is $640!!! Why aren’t there controls on these premiums? I have been getting my own insurance for years and when you have these high deductibles the insurance companies never pay out. Most people don’t use the high amount. If the premiums were reasonable many people wouldn’t need the subsidies.
Health insurance premiums aren't regulated, they are just subsidized based on income, but cost sharing and benefits are regulated by the ACA.
In most regions a premium isn't going to run $640 for a $5.8000 deductible and $5,800 max out of pocket. That is really high. Network and benefits and what is covered in copays can bump up the price, so can age and family size, if we are talking for a single person that is nuts.
The COBRA coverage is a continuation of an employer plan, it's hard to compare, but in many regions employer and COBRA is actually more costly. It's hard to think that the cheapest Marketplace plan was $640 for anyone, but it is all "location, location, location".
Keep in mind ObamaCare refers to a lot of things, as it's slang for a thousand page law, but in this case you mean plans sold on the Marketplace. In some regions all plans are sold on the Marketplace, in others shopping around can get you different quotes. Unless one gets cost assistance, and $640 ain't no after-cost-assistance-amount, that is for sure.
Lastly, high deductibles seem bad on the surface, but the truth is they almost always save the consumer money when paired with an HSA (Health Savings Account). One they incentivize the consumer to shop around and that reduces the base costs of health care in general, and two HSA's lower MAGI to save taxable income. Essentially it means the coverage will act as catastrophic coverage. That doesn't seem fun until one needs catastrophic coverage.