Skip to comments.The Hidden Impact of Obamacare and the Economy
Posted on 12/23/2013 7:26:35 AM PST by LucianOfSamasota
Obamacare has delivered another sucker punch to the middle class. This time its sticker shock.
Now that a few people can get past the tech problems of HealthCare.gov and actually see the real cost of insurance plans available, they are finding that Affordable Care is big hit to the family budget. And when the family budget gets hit in the solar plexus, guess what happens to consumer spending and the economy.
In California, policies for about 900,000 Californians are being canceled because of Obamacares mandates and about 2/3rd of these do not qualify for subsidies, according to The Chicago Tribune. The resultthese folks will be paying higher premiums.
In Alabama, premiums have doubled for some middle class families like Courtney Long, a stay-at-home mother of four. She told WHNT News. Its devastating. I started crying, said Long. I mean, we have worked so hard to get out of credit card debt, get ahead on the car loan, transfer our mortgage to a 15 from a 30 year mortgage
and for what?
(Excerpt) Read more at thefiscaltimes.com ...
Affordable health care sure is expensive.
I seem to recall a provision of the PPACA to attach a fee/tax on property sales or transfers over a certain amount.
I’d be willing to guess there are all sorts of hidden taxes within that law.
Here locally we were spared huge premium increases because Highmark and UPMC are having a big public spitting battle over which one is more EEEEEEVIL. And neither wants to prove the other’s point by raising rates too much.
Once that gets settled I imagine we’ll be off to the races.
We need more info on subsidies. What do they do and how does it make the cost lower.
Like I’m gonna get health care insurance that costs more than my car payment and my mortgages on both my properties combined.
We need more info on subsidies.
They lower your premium but your deductible remains high.
it's Obama's plan to get the middle class on welfare.
I remember hearing about a 3.8% tax on real estate “unearned income” over the capital gains limit. Notice how the use of unearned income is, kind of like “you didn’t build that”.
This brings to mind some of the dialogue from the movie Armageddon. When the human President asks the alien what they want, the answer is something like “we want you to die.”
In this article are some of the reasons that, as bad as 2013 was for Obama and the dems, 2014 will be significantly worse.
And the hits keep coming.
You aint seen nothing yet.
The Democrats own this mess.
Wait until all those lapsed policy holders start going to the Doctor or the hospital.
You get what you (or someone else) vote(s) for it seems.
Yep...that’s it...re: your ‘unearned income’....it is equally insulting that the government chooses to call the great EITC giveaway to the sloths among us “earned income tax credit.” Like they ever ‘earned’ anything in their life.
RATS won’t be able to engineer vote fraud with huge polling numbers coming out against them. When 65% of precinct residents poll that they intend to replace their RAT rep over Zerocare, they won’t be able to rig the 51% win they normally do.
Actually from Independence Day, but your point is well taken.
The movie was ‘Independence Day’.
But the point is correct.
yes..they are liars just like the devil..who lied to begin with. It is criminal what they are doing to the economy.
Thanks, I guess I was thinking of Obamacare as Armageddon.