rance56
UKC Forum Member
Registered: Jun 2003
Location: Jacksonville FL
Posts: 4046 |
more great news about obamacare for the middle class
http://theweek.com/article/index/25...ts-of-obamacare
In California, policies for about 900,000 Californians are being canceled because of ObamaCare's mandates, and about two-thirds of these do not qualify for subsidies, according to The Chicago Tribune. The result: These folks will be paying higher premiums.
In Alabama, premiums have doubled for some middle-class families, like that of Courtney Long, a stay-at-home mother of four. She told WHNT News, "It's devastating. I started crying."
In Tennessee, GOP Sen. Lamar Alexander issued an analysis of a White House report and found the following:
Today, a 27-year-old man in Memphis can buy a plan for as low as $41 a month. On the exchange, the lowest state average is $119 a month — a 190 percent increase.
Today, a 27-year-old woman in Nashville can also buy a plan for as low as $58 a month. On the exchange, the lowest-priced plan in Nashville is $114 a month — a 97 percent increase. Even with a tax subsidy, that plan is $104 a month, almost twice what she could pay today.
Today, women in Nashville can choose from 30 insurance plans that cost less than the administration says insurance plans on the exchange will cost, even with the new tax subsidy.
In Nashville, 105 insurance plans offered today will not be available in the exchange.
In Washington state, ObamaCare will increase the underlying cost of individually purchased health insurance by 34 to 80 percent on average, according to Forbes.
The cost of premiums for people who just miss qualifying for subsidies rises rapidly for people in their 50s and 60s. In some places, prices can quickly approach 20 percent of a person's income. Experts consider health insurance unaffordable once it exceeds 10 percent of annual income.
The other group that gets disproportionately hit is the young, according to Forbes. For a 40-year-old, the 2013 average deductible was $4,045, and the monthly cost increased 29 percent to $309. For a 64-year-old man, the monthly cost of a plan with a $3,494 deductible increased 64 percent to $806.
AFFORDABLE HEALTHCARE MY BACKSIDE
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