No, I don't consider Hulu to be cheap either. Which is why paying another $20/month is even more ridiculous.
Netflix can be had for half the price of BSN+.
The idea of cord cutting was to save some cash. If you keep subscribing to all of these different apps, it adds up. Obviously, the apps allow for flexibility to be able to pick and choose which is great. One has to stop at some point though. There's only so much TV a person can watch.
And I've found other ways to follow that don't cost me anything. Less than ideal, but considerably cheaper.