What ObamaCARE will cost the average family

090828obamasignDemocrats who are desperate to ram heatlcare “reform” down America’s throats love to use the phrase “affordable” healthcare. But how do they actually define “afordable”? Dick Morris explains the details. First off, 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.

* If your household income is $66,000 a year, slightly above the national average, Obama’s healthcare 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 $44,000 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 $1500) 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.

* When the tax — and the legislation — takes effect in 2013, all families making about $120,000 or more in combined household income (14 percent of all families or one in seven) will have to pay the tax.

* By the next year, 2014, the tax will hit every family making more than $100,000 (about 18 percent of all families or one in six)

* By 2019, 10 years hence, the tax will reach down to effect every family making more than $75,000 a year (31 percent of families or one in three).

The tax will take 40 percent of all premiums above $21,000.


No TweetBacks yet. (Be the first to Tweet this post)

Related posts:

  1. Average profit margin for health insurers 2.2% – Average profit margin for trial lawyers 14.4% Evil evil, profit takers! We all know how crazy left...
  2. Democrat Max Baucus now calling for up to $3,800 fine for failure get health insurance According to Breitbart, Democrat Max Baucus is calling for fines...
  3. Requiring everyone to by healthcare insurance will turn off the young and uninsured to ObamaCARE The elderly have already bailed on ObamaCARE with the plans...
  4. ObamaCare’s Cost Could Top $6 Trillion! The Cato Institute is exposing how Congressional Democrats are using...
  5. Did you know that the Federal Government ‘Will Go Bankrupt’ if ObamaCARE isn’t passed? So says the Nobel Peace Prize winner. Math obviously isn’t...

Related posts brought to you by Yet Another Related Posts Plugin.

October 19, 2009 · Filed Under Democrats, ObamaCARE

Share/Bookmark

Comments

One Response to “What ObamaCARE will cost the average family”

  1. 101 Dead Armadillos on October 25th, 2009 9:47 pm

    [...] you given any thought into how much health care “reform” will cost you? If your household income is $66,000 a year, slightly above the national average, Obama’s [...]

Lets hear your point of view! - A warning to the liberal whiners who seem intent to flood our comment section with profanity. Save your keystrokes. The anti spamming script will just automatically delete your comment. Feel free to disagree with the host on any article posted here, but flame baits, racism, and profanity laced tirades will NOT be tolerated, and will eventually get your IP address banned!




www.e-referrer.com