thereisnospoon
Gold Member
- Apr 11, 2010
- 29,821
- 3,030
That's not correct. Without Obamacare 12% of the population is already covered through Medicaid. Everyone with an income up to $66,000 does not get free insurance. Only those that buy insurance through the exchanges can apply for a tax credit. The exchanges are only available to small businesses and individuals who meet the income qualifications. Employees covered by group insurance not purchased through the exchanges will pay 100% of their premium as will individuals who don't purchase through the exchanges. I haven't calculated the percentage, but certainly a lot more 30% will be paying for Obamacare. You are also neglecting additional revenue raised through excise taxes and Medicare savings.Low income for purposes of this law is up to $62,000 per year for a family of 4. $66,000 is in the top 25% of all wage earners.
That means about 30% of the wage earners will be funding Obamacare.
Yeah sure. That's the popular version forwarded by those in support of PPACA.
Within 5 years of full enactment of Obamacare, there WILL BE NO private group insurance nor will there be any firms self insuring their employees.
What Medicare savings? The same amount if not more people will become eligible for Medicare coverage. Obama care strips $500 billion out of Medicare. That is made up by vastly reduced reimbursements to medical providers.
Already, medical groups are telling their medicare patients that after 2014 they will have to find another provider because Medicare will not pay enough to cover the COST of the care.
So please, stop it.
I must ask....Why are you in support of Obamacare? Your words ONLY. Do not link to a blog. Do not try to explain anything. Don't offer statistics about the number of uninsured that will be covered. Just answer the question in your own words.