Re: Anyone still think Obamacare is a good thing?
01-06-2014 12:36 PM
More facts (since they are so easy to find!):
According to the Congressional Budget Office, 76% of those who stand to be slapped with the penalty (the Supreme Court calls it a tax) for not carrying insurance are those earning less than $120,000. The penalty for the average American family is $4,700 a year in new taxes.
Other new Obamacare taxes will hit drug companies (totaling $27 billion), and medical device makers ($20 billion), as well as enforce new reporting requirements and regulations on physicians.
But these stipulations could make access to health care and services more costly and difficult for seniors.
About six million people nationwide will most likely lose their Medicaid eligibility because their states will not join the Medicaid expansion.
Roughly half would be able to obtain private insurance, leaving the other half without coverage, the CBO reports.
The $8 billion “Obamacare” fee on insurers will increase Americans’ premiums by $10.6 billion in its first year, estimates Douglas Holtz-Eakin, a former director of the Congressional Budget Office .
In 2014, people earning between $10,000 and $30,000 will pay almost $2.8 billion in higher health insurance premiums. People earning between $30,000 and $50,000 will pay $2.2 billion. (This does not include the proposed government subsidy.) People earning from $75,000 to $100,000 will pay less than $1.5 billion, and the numbers only go down from there.
Indiana schools and families:
Fort Wayne Community Schools is trimming the hours of more than 600 part-time teaching aides and cafeteria workers in anticipation of a projected budget shortfall and to satisfy the requirements of the federal health care law, a school official said.
Kathy Friend, chief financial officer for FWCS, said the school district is dropping 610 employees from 30 hours to 25 hours per week starting June 3, rather than provide them with health insurance as mandated by impending federal regulations. Offering all of the district's 840 part-time employees health insurance would have cost $10 million, a price the district cannot afford, she said.
Even labor leader Jimmy Hoffa Jr., usually a reliable supporter of President Obama, said ObamaCare will "destroy the foundation of the 40-hour work week that is the backbone of the American middle class."
More news on middle class: http://healthblog.ncpa.org/obamacares-unfair-treat
More real people: http://www.app.com/article/20131023/NJOPINION02/31