Read more here:http://www.sfgate.com/business/netw...-can-net-huge-health-care-subsidy-4891087.php Ive done my best to be open minded about this healthcare law, this is to much for me to ignore. P.S. Republicans go (*)(*)(*)(*) yourselfs, you are just as bad at running this country too.
The "poverty rate" for a family of four is $23,550. 400% of that is $94,200. http://www.familiesusa.org/resources/tools-for-advocates/guides/federal-poverty-guidelines.html So, if you and your spouse's combined income after deductions is $94,200, you are about to get hosed with higher premiums and NO help from Obamacare. You ARE the rich. So, a teacher married to a fireman are a "rich" family according to these radical progressives and will be shouldering the costs of socialized medicine. But, congress's own staff is too precious a national resource to be put through such a wringer. The above scenario was plain to see on Kentucky's Obamacare exchange page.
"Adjust your income". So, just quit your job and collect the freebies is what I'm reading here. It's the liberal way.
To not qualify for the government subsidies basically the family income must be within the top 5% of income earners. Are we really concerned about these families not having enough income to be able to afford their own health insurance? BTW this story is about how to fleece the government which is something high income Republicans love to do. The government doesn't receive revenue from those that enroll in the private health insurance exchanges, private enterprise (corporations) receives the premiums and not the government. This article provides a means for obtaining welfare from the government by the wealthiest of Americans. Is that something that Republicans or Democrats support?
So at 60 years old, a couple makeing over 60k is the top 5%? On a 61k a year income, how can seniors afford a 15k insurance premium?
No, a couple making over $94,000 per year are NOT going to get subsidized to buy a comprehensive health care policy that is NOT going to have major exclusions and risks because the couple wants to gamble with taxpayer money they won't get cancer or some other disease the insurance salesman can convince them is an "unlikely" disease or injury! Which of these people are psychics who somehow KNOW what disease or injuries specifically await them? The current practice of even the well-to-do buying half-assed insurance policies with MAJOR exclusions to make them "affordable" is the disaster that the ACA has been designed to avoid! Sorry, until the USA takes the steps that will cut our medical care costs in half, the steps EVERY industrialized country has ALREADY taken, those people making $94,000 per year ARE going to see good insurance cost $15,000. That is how much it COSTS now to have REAL insurance, its not a "subsidy" to everyone else!
That $61K is "net income" and many of their expenditures are tax deductible such as the interest on their home mortgage. For a couple to have $61,000 in net income they probably have about $100,000/yr or more in gross income. We can also note that they probably have a 401K or Roth IRA were money is contributed to it as tax-deferred and is not a part of their net income. There are limits to plans like a Roth IRA where they could only contribute $6,500/yr for the couple as tax-deferred but that comes off of the top and is not considered "net income" to the couple. A couple can easily live on roughly $35,000 in net income and $15,000 from $61,000 leaves $46,000 in disposable income. No one is "hurting" financially with $46,000 in net income in the United States. They would also received tax breaks on the insurance premium where over 7% (as I recall) in medical expenditure including insurance are tax deductible lowering their net income. One of the arguments my conservatives is that people should purchase their own health insurance but then they argue against it for couples that can actually afford to do that. It really doesn't make sense.
Liberal Democrats wrote the law but you want to blame republicans when you find yet another flaw in it?
