Actual numbers from CT health exchange for inquiring minds.Submitted by R-Hal CT on Fri, 10/04/2013 - 14:21
Ok - so I spent some time putting in actual numbers on the CT health exchange website and it is very clear. Obamacare does NOTHING to reduce the cost the insurance companies charge - all it does is give tax credits to offset the cost - which is nothing more than a big government hand out to big business again(GM has to be feeling duped -they made a bad deal).
Best I can tell - this is the biggest scam EVER.
Here you go:
FYI- for those not in CT - Husky is CT's Obamacare before Obamacare - it has been around decades and is a state run insurance that anybody can sign up for and the premiums are based on income - I know - one would wonder why a CT senator would vote for Obamacare when we already have coverage for EVERY citizen.
Also note CT has a very high cost of living - so a couple each making 40000 is not going very far.
Premiums are per months as are tax credits
0 = HUSKy low d/Medicaid
15000 = HUSKy low d/Medicaid
***Note - this is the same for all age brackets in CT so I will not repeat****
20000 = 163-176 TC = 78 Final = 85-98
40000 = No TC Final = 97-135
Same for all higher incomes
20000 = 292-317 TC = 208 Final = 84-109
40000 = NO TC Final = 206-293
20000 = 328-359 TC = 244 Final = 84-115
40000 = 328-359 TC = 13 Final = 315-343
20000 = 458-498 TC = 376 Final = 82-122
40000 = 458-498 TC = 144 Final = 314-355
60000 = To tax credit - in addition - only one silver plan - rest major medical
20000 = 697-757 TC = 615 Final = 82-142
40000 = 696-757 TC = 383 Final = 313-375
60000 = No Tax credit - bronze major medical - 700 per month
So lets recap - anybody making under 2000 will go on Medicaid - no difference.
Anybody making 20000 will pay 82-140 per month(or 5- 10% of gross).
Anybody making 40000 will pay about 300(about 10% of gross).
So basically if you cannot afford to lose another 10% of income - you will simply pay the fine - which I imagine is what most people will do. As more employers dump insurance - more people will just pay the fine and be uninsured.
I also ran a family of four making 60000 per year. The kids are put on Husky(again - no different than they are now in CT) and the parents pay about 400 dollars per month - just under 10%.
Go to a family of 100000 - no tax credit and plans are 800 per month - with very large deductibles(6000-10000).
I keep running the numbers and it seems that once you clear poverty - the insurance companies are getting 10% of your pay - plain and simple - or - the government is getting paid the fine.
All those young kids making 9.00 per hour who voted for this guy are going to be really pissed when they have to pay that fine aren't they? Yeh - 9 dollars per hour and you will be expected to pay 100 dollars a month for insurance. Oh - but their parents insurance can cover them to 20 something - well unless the parent is also just paying the fine since they cant afford insurance.
And so the downward spiral starts.
Then big gov will step in with more big plans to save us from the original plan.
Its all falling apart people. Get ready.
We better keep this government shut down - otherwise the IRS is going to have a field day collecting all the fines.