How Much Obamacare Costs the Average Family
by Dick Morris and Eileen McGann at Townhall.com
Whether or not you now have health insurance, Obama’s health care bill will cost you dearly.
If you don’t have insurance, you will be required to buy it. The legislation specifies how much you will have to pay for the coverage before any subsidy kicks in. All during the campaign, Obama kept speaking about affordable coverage. Now it appears that his definition of “affordable” might be a bit elastic.
If your household income is $66,000 a year, slightly above the national average, Obama’s health care bill will require you to spend 12 percent of your income — about $8,000 a year or almost $700 a month — to buy health insurance before you get any federal subsidy.
Even those making less will have to reach deep into their meager resources to satisfy Obama’s statutory requirement. Families scraping by on only $44,0000 a year will have to pay 7 percent of their income (about $3,000) on insurance. Even those making just $33,000 will have to ante up 4.5 percent of their income (about $1,500) for health insurance. The required payments reach so far down the scale that those who are living at the federal poverty level of $22,000 will have to shell out 2 percent of their totally inadequate incomes ($440) for insurance.
That Obama is charging premiums to those living at or on the border of poverty is absolutely incredible! And this from a candidate who pledged that he would not tax the middle class!
If you have insurance, you will get hit by his proposed 40 percent tax on insurance premiums.
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We make in the mid $40,000 per year. Everything is up. We don’t have any discretionary income – Nothing extra – 0 – nada per month. Where are we going to get the money to pay Obama Care? And I’ll be 65 by the time I can use it. Uh-Oh, when medicaid/medicare kicks in. Just get it over with and put me in prison.
If you make over 400,000 per year (like Michelle Obama) living on 90% of your income or $360,000 is not so bad. She still has “discretionary funds.” Her kids will still be able to fly around the world, attend private schools and never worry about a college fund. But for those of us who make 40,000 per year, we’re barely able to afford survival essentials now. Since we don’t have “discretionary funds” our kids will simly have to eat less to pay for Obamacare. How long are the poor going to keep abusing ourselves for the principal of “change.” Obama’s changes are self-serving and always have been. There may be a good government medical system but this is not it and we have already spent unbelievable amounts of tax money developing and talking about it. Please stop bleeding us now. Kill Obamacare before it bleeds us to death.