Wednesday, December 16, 2009

Obamacare To Cost Middle Class $15,000/yr.....

A little known provision in the Senate version of the health care bill could end up costing the middle classes big money.

"The health care bill presented in the Senate by Majority Leader Harry Reid (D.-Nev.) would make some middle-class American families pay what amounts to a $15,200 annual federally-mandated insurance fee, according to facts revealed in analyses published by the Congressional Budget Office."

"The fee would result from the facts that the bill requires individuals—but not employers—to purchase health insurance plans and that families that earn up to 400 percent of the federal poverty level would be given government subsidies to purchase insurance in government-regulated insurance exchanges while families earning more than 400 percent of the federal poverty level would be denied government subsidies."

"A family of four—two parents and two children—earning $88,200 would be at 400 percent of the poverty level this year, according to the U.S. Department of Health and Human Services. A family of four earning $88,201, therefore, would not be eligible for a federal subsidy to buy insurance under the Senate health-care bill. If the mother and father in such a family could not get employer-based health insurance—because their employers decided not to buy their workers insurance—the family would be required by law to purchase a policy with its own money that would cost an estimated $15,200 per year, according to the CBO."

(Read The Original Story At CNSnews, A Great Conservative News Service!)

Let's recap. Say you work at the local auto plant and you make about $45,000/yr. and your wife makes a comparable amount in her field. Obamacare passes and both your employers decide to opt-out of private coverage to save money. You will by law have to have some kind of health care coverage. You're combined income is too much to get the cuts for Obamacare, but you will have to carry it anyways, or face big fines and jail time. You will end up having to carry the Obamacare plan at a cost of approximately $15,200 per year.

Read it. Know it. Pass it along.

That is all.

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