17.Dec.2009 at 17 | xn
How Much Will Obamacare Cost YOU?
If you think the President’s Health Care plan will save you money, better think again. Despite his campaign promise to not raise taxes on any family making less than $250,000, his plan levies a heavy tax on the young.
According to a recent analysis by the consulting firm of Oliver Wyman, “premiums for individuals will rise by $1,576 and $3,341 for families” under the bill. To qualify for a subsidy to offset this increase, “you have to earn less than about $80,000 a year (combined household income) and have spent between 2 and 10 percent of your income on premiums.” (full article here)
If you fall into the “greater than $60k but less thank $80k” income range, you’ll pay $4800 before any subsidy kicks in. That’s about 8% of your income. And if you don’t pay it, you face criminal charges.
I currently have a high-deductible insurance plan and a Medical Savings Account. My annual deductible is $4800. So not only would the President’s plan increase my premiums, but I would realize no benefit until I spend what I currently spend to meet my deductible.
So the elderly will pay through Medicare cuts. Doctors will pay through reduced reimbursements for services. Patients will pay through longer waits and rationing. The young will pay through higher premiums. Who exactly (besides lawmakers) will benefit from this plan?
