The Costly Bronze Policy: Unaffordable Healthcare Will Drive More Families Into Apartments

Confounded Interest ^ | 01/31/2013 | Anthony B. Sanders

[whitedog57]

I was asked at the Realtors Leadership conference in Washington DC this week about the coming trend for homeownership. My response? Bleak. In fact, I said the homeownership rate could fall back to late 1980s, early 1990s levels of 64% .. or even lower.

Why?

No one (other than me) wanted to discuss the tax and insurance premium consequences of the (Un)affordable Health Care (aka, Obamacare). We all know the tax consequences of Obamacare, but few realized how insurance premiums will skyrocket.

Here is a report from Treasury on the premium surge in Obamacare.

The “cheapest” plan for a family of five will cost $20,000 per year for the Bronze Plan (and you must buy it, under Federal law).

Bronze will be the lowest tier health-insurance plan available under Obamacare–after Silver, Gold, and Platinum. Under the law, the penalty for not buying health insurance is supposed to be capped at either the annual average Bronze premium, 2.5 percent of taxable income, or $2,085.00 per family in 2016.

In 2011, the median household income was $50,054. So, the Bronze insurance plan is so expensive that households may choose to pay a penalty (which Chief (In)Justice Roberts ruled as a tax). So, if you buy insurance, that is going to take a big chunk of income from your pay. But even if you pay the penalty to avoid buying health insurance, you are still going to be poorer by $2,000 or more each year going forward.

You can now understand that Obamacare is consistent with the dreaded UN Agenda 21 where government wants to herd households into the city into green apartments. After Obamacare taxes and insurance premiums kick in, you might HAVE to live in an apartment.

Here is a photo of Obama’s Bronze Insurance Plan chasing households into green, apartments where they don’t want to live.

Speaker Pelosi told us that they would have to pass Obamacare to see what’s in it. Well, now we know.

[trebb]

Democrats are insane and destroying our country.

And more of their base will be hurt by them than our base will, yet they will continue to defend their "champions" with spittle flying from their lips, until they die in some ditch because their "champions" threw them away like trash once they stopped being useful. Leftism truly is a mental disorder.

[BTCM]

Very true and I find it interesting that a property pimp would remind us of this. Remember Realtors are legal pimps whose compensation for doing next to nothing surpasses your local ambulance chaser.

[fatnotlazy]

I admire you. You managed to insult two professions in one paragraph. LOL

Anyway, I'm not surprised. Every aspect of this wretched economy adversely affects all the others. There are economic downsides to Obamacare we haven't imagined yet.