Obamacare subsidies defray how much lower-income consumers have to pay for insurance.
August 21st, 2013
07:32 AM ET
7 years ago
What you'll actually pay for Obamacare
New York (CNNMoney) - Millions of Americans won't have to pay full price for their Obamacare health insurance next year. But just how much they'll have to fork over depends on a couple different things.
Thanks to subsidies from the federal government, which will help pay for health insurance on state-based exchanges starting in 2014, many low- to moderate-income Americans will get a break on their premiums.
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And where does the money for the subsidies come from?
But Fox spews and all republicans say my premiums will go up and at the same time they say the bill is too large to read and at the same time they say this bill will destroy America and at the same time they say this is the worst piece of legislation ever and at the same time they hide the fact that it was originally their idea and at the same time they say the government is taking over your health care and at the same time thousands use Medicaid and Medicare and have for many years. And at the same time they go to church, while trying to deny thousands and thousands access to affordable health care and at the same time they are fine with the govt giving multi billion dollar corporations subsidies and tax breaks. Gee I don't know who to believe, the ACA website list of facts or the people who make money misleading us? Ted Cruz goes to church, I guess I should believe him!
Is this scare tricks of GOP? Nonsense–if you can not afford, federal government will subsidize. So only HEALTHCARE EXCHANGES are introduced in every state, nonetheless some republican idiotic states oppose but they get cuts from federal government and Federal government shall set up Healthcare Exchanges at cheaper price. True. BCBS thus can not hire cheap foreign labor be it a IT or Doctor from foreign guys. Almost most of the Hospitalists are PAs, NPs which will bring down costs nevertheless some conservative idiots fight against.
Kinda hard to even afford ACA when all there is right now are low paying part-time jobs. Also, don`t forget taxes will rise, ACA is not free.
Is this not a good thing to do to people by their government to provide them subsidies on healthcare? People chose their government. It is there because of them. Without people the government will not exist. Let the Affordable Care Act (Obamacare) kick in and Pres. Obama will be remembered forever and be thanked for all of his initiatives on this remarkable insurance relief.
Don't forget folks. Republicans want you to forget that the employer makes a contribution towrds that monthly cost, too.
ObamaCare is nothing but more Robin Hood based welfare. It always was.
That means we will now have, in truth, more than 50% of the country on welfare.
That's a formula for the destruction of America. Pure and simple.
I will be paying anywhere from $68 to $239/ month more , depending how they figure my annual income , which consist of pension and social security. Increase of $816 to $2868 per year. WHERE IS THE SAVINGS!!!!!! No wonder the ones that didn't read the bill but passed the bill, opt out of having to deal with it. Their healthcare is still paid for by the American taxpayer.
"For a lot of people who are barely making the rent and struggling to pay for groceries, even a very modest premium can seem out of reach," said Sabrina Corlette, senior research fellow at Georgetown's Health Policy Institute."
Which is why most of them will do absolutely nothing and eat the $98 annual fine.
The law republican campaigns on in 2012 and lost, never leann from that, oh wait the law is going to work that's why they worrying now,2014 will kick them hard then 2012
"Anyone earning up to 400% of the poverty line will be eligible for a subsidy, which is up to $45,960 for an individual and $94,200 for a family of four."
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OK... who's making $94K annually and not getting insurance from their employer... and why is it the taxpayer, most of whom make less than that, responsible to pay a portion of their premiums?
We need to just say enough. For three years we were lied to about the costs. We need to say enough. It is not a workable system go back to the drawing board and start over. This may have worked going afew states at a time but the massive amounts of data at one time will not. We are seeing costs go up and no price caps, buisnesses don't have to comply. Jobs are going to part time so to pay bills people have to find two or more parttime jobs. This us crazy. STOP IT!!!
I would hope that this would be a reduction for many. It won't be for all but hopefully affordable.