ScreamingEagle
Gold Member
- Jul 5, 2004
- 13,399
- 1,707
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It sounds Orwellian but that's exactly what is going to happen thanks to the liberal fiasco called Obamacare......starting 2014 lots of people will be dumped from their company plans and will have to buy Obamacare from the state exchanges or else pay a fine....lots will pay the fine because they can't afford Obamacare...
"Come Jan. 1, all Americans must purchase health insurance or pay a penalty tax of $95 or 1 percent of their adjusted gross income, whichever is higher."
take Nevada for example...which just released preliminary 2014 premiums...
"Come Jan. 1, all Americans must purchase health insurance or pay a penalty tax of $95 or 1 percent of their adjusted gross income, whichever is higher."
take Nevada for example...which just released preliminary 2014 premiums...
Plenty of Nevadans who currently have health insurance very well might find themselves in the market for an individual policy by this fall. They wont like what they find.
As the Review-Journals Jennifer Robison reported last week, today Southern Nevadans can find individual catastrophic policies online for as little as $29 per month. High-deductible PPOs are available for about $83 per month.
But ObamaCare piles new coverage mandates and rules on top of ones already in effect, including caps on premiums for older Americans that necessitate higher costs on younger, healthier men and women.
As a result, the exchanges catastrophic plans for Southern Nevadans in their 20s start at about $150 per month. A 40-year-old in need of a plan comparable to typical employer coverage can expect to pay up to $300 per month. Plans for rural and Northern Nevadans cost even more.
The rates wont be finalized until Sept. 1, and those who purchase coverage through the exchange can qualify for tax credits to offset some of those costs. But for those working part-time and temporary jobs to get by, and for the young and healthy, even subsidized premiums will be unaffordable. Theyll pay the penalty tax and remain uninsured.
Last month, researchers from Harvard University and the City University of New York estimated that about 300,000 Nevadans will remain uninsured after ObamaCare takes effect, a figure that matches the states own projections. Nationally, the researchers estimate that about 30 million Americans will decline coverage.
Such a lack of participation would send premiums even higher and collapse the exchanges. This design flaw is one reason why the federal government is spending $700 million marketing ObamaCare to persuade Americans to sign up. It wont work. Theres no sweetening this lemon.
Repeal and replace this policy disaster.
Individuals can't afford ObamaCare | Las Vegas Review-Journal