How Much Obamacare Costs the Average Family

How Much Obamacare Costs the Average Family
Dick Morris and Eileen McGann
Monday, October 19, 2009

Whether or not you now have health insurance, Obama’s health care bill will cost you dearly.

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. All during the campaign, Obama kept speaking about affordable coverage. Now it appears that his definition of “affordable” might be a bit elastic.

If your household income is $66,000 a year, slightly above the national average, Obama’s health care 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 $44,0000 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 $1,500) 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 affect 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.

So if you don’t have insurance, you will be socked with a mandate to buy coverage and pay a hefty proportion of your income to do it; and if you have insurance, you will be hit with an excise tax on the coverage.

(In theory, it is the insurance companies that have to pay the tax, but the Senate Finance Committee “assumes” that they will pass the tax along to their policyholders).

These costs make a mockery of Obama’s oft-repeated pledge to avoid any tax increase that would impact those making under $250,000 a year. He finances about half of his health care plan on the backs of the elderly by cutting Medicare and inducing scarcity and the other half by premium taxes and insurance purchasing mandates on the middle and lower middle class.

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AND FOR THE PURPOSE OF CONTRAST....

Congress Keeps Gold-Plated Health Care... For Themselves
Jillian Bandes
Monday, October 19, 2009

Personal doctors on call 24/7. Coverage that knows no caps. No exemptions for pre-existing conditions.

Those are the sorts of benefits members of Congress currently enjoy on the taxpayer’s dime, and the kinds of benefits Americans on a government-run public health care plan will never see if Obamacare passes.

“One thing is certain: Congress will exempt itself from whatever lousy health care system it forces on us little people,” said Michael Cannon, director of health policy studies at the Cato Institute. “Congress will get better insurance than you do because politicians always get a better deal under government-run health care.”

While it’s not news that Congressional health insurance plans are posh, CBS News recently uncovered the details of plans – right as the details of the Baucus health care bill are being hashed out.

Members of Congress can choose from five different plans, and have access to both the VIP Bethesda Naval Hospital and a reserved spot Ward 72 at Walter Reed Army Medical Center, an elite division usually reserved for military members. Their everyday medical concerns can be taken care of at a doctors office located inside of Congress.

Their premiums are the same as those of insurance plans with half the benefits, and the plans last a lifetime; not until Medicare kicks in do ex-Members or loose their Congressional health benefits. Congress has repeatedly voted down any provision that would switch their insurance plans to the lower-grade public option if Obamacare goes through.

Helen Evans, the director of Nurses for Reform, a campaign for more consumer-led, sustainable healthcare systems in Britain, said that this sort of elite care for the bureaucracy – and low-brow care for the plebes – is the same thing that happens in the government-run British health care system.

“Independent academic research has shown that on average the professional and managerial types obtain 40% more resource per illness episode than lower down the social spectrum” in Britain, she said.

Evans is certain that the exact same thing would happen in the U.S. if Obamacare was installed.

“The National Health Service, is famous for being a highly politicised bureaucracy that whilst it legitimises itself on the basis of equality favours the powerful, articulate and well connected,” she said. Nurses for Reform is unsurprised that American politicians are pushing for government-run health care “while of course attempting to secretly perpetuate their own elitist system funded by ordinary taxpayers.”

At least one U.S. Congressman is speaking out.

"If we pass a law that says a public option will be made available, I think people like myself should get out of this plan and go into the public option," Sen. Lindsey Graham, (R-S.C.), told CBS.

This is what the Democrats are foisting on us people!!!