Obamacare Means $1,700 More in Premiums forTypical Family
by Dick Morris and Eileen McGann at Townhall.com
Will a young, healthy, childless individual or couple buy health insurance costing 7.5 percent of their income as required by Obama’s health legislation? Not until they get sick. Then, they can always buy the insurance — and the Obama bill requires the insurance companies to give it to them. And, if the premiums come to more than 7.5 percent of their income because they are now sick, no problem. Obama will subsidize it.
Instead, young, healthy, childless people will likely opt to pay the $1,000 fine (a.k.a., slap on the wrist) mandated in the bill. After all, even if they make as little as $50,000 a year, the fine is a lot cheaper than 7.5 percent of their income (or $3,500 a year)!
So … these young households will not contribute to the coffers of any health insurance company until they are sick and need the coverage. By then, their costs will come to vastly more than their premiums.
Who will subsidize the difference? We will.
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