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The Hidden Impact of Obamacare and the Economy
The Fiscal Times ^ | December 22, 2013 | Jacqueline Leo

Posted on 12/23/2013 7:26:35 AM PST by LucianOfSamasota

Obamacare has delivered another sucker punch to the middle class. This time it’s 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 Obamacare’s mandates and about 2/3rd of these do not qualify for subsidies, according to The Chicago Tribune. The result—these 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. “It’s 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 ...


TOPICS: Culture/Society; Government; News/Current Events; Philosophy
KEYWORDS: incometax; obamacare; obamarecession; obamataxhikes
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Nice perspective on our government controlled economy.
1 posted on 12/23/2013 7:26:36 AM PST by LucianOfSamasota
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To: LucianOfSamasota

Affordable health care sure is expensive.


2 posted on 12/23/2013 7:29:46 AM PST by caver (Obama: Home of the Whopper)
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To: caver

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.


3 posted on 12/23/2013 7:35:28 AM PST by Gaffer
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To: LucianOfSamasota

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.


4 posted on 12/23/2013 7:36:09 AM PST by Buckeye McFrog
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To: LucianOfSamasota

We need more info on subsidies. What do they do and how does it make the cost lower.


5 posted on 12/23/2013 7:41:35 AM PST by Logical me
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To: LucianOfSamasota
...premiums have doubled for some middle class families... “It’s
devastating. I started crying...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?”


6 posted on 12/23/2013 7:46:37 AM PST by Slyfox (We want our PRE-EXISTING HEALTH INSURANCE back!)
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To: LucianOfSamasota

Like I’m gonna get health care insurance that costs more than my car payment and my mortgages on both my properties combined.


7 posted on 12/23/2013 7:48:06 AM PST by cuban leaf
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To: Logical me

We need more info on subsidies.


The subsidies insult me as an american. I will not drop to my knees, grovelling to the state for a few bread crumbs to help pay for my health insurance, even if I’m eligible. I choose to go Galt and opt out of the whole comedy of fascism. I’m an Amarican. We don’t participate in such farces, regardless of the cost of that choice.


8 posted on 12/23/2013 7:50:23 AM PST by cuban leaf
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To: Logical me
Govt dole given to those who make less than a certain amount...about sixty thousand for a couple.

They lower your premium but your deductible remains high.

it's Obama's plan to get the middle class on welfare.

9 posted on 12/23/2013 7:52:07 AM PST by what's up
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To: Gaffer

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”.


10 posted on 12/23/2013 7:52:27 AM PST by caver (Obama: Home of the Whopper)
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To: LucianOfSamasota

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.”


11 posted on 12/23/2013 7:53:23 AM PST by Truth29
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To: LucianOfSamasota

In this article are some of the reasons that, as bad as 2013 was for Obama and the dems, 2014 will be significantly worse.


12 posted on 12/23/2013 7:53:38 AM PST by cuban leaf
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To: LucianOfSamasota

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.


13 posted on 12/23/2013 7:56:58 AM PST by Venturer (Half Staff the Flag of the US for Terrorists.)
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To: LucianOfSamasota

You get what you (or someone else) vote(s) for it seems.


14 posted on 12/23/2013 7:58:14 AM PST by I am Richard Brandon (center)
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To: caver

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.


15 posted on 12/23/2013 7:58:39 AM PST by Gaffer
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To: cuban leaf

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.


16 posted on 12/23/2013 7:58:46 AM PST by txhurl
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To: Truth29

Actually from Independence Day, but your point is well taken.


17 posted on 12/23/2013 7:59:45 AM PST by Gaffer
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To: Truth29

The movie was ‘Independence Day’.

But the point is correct.


18 posted on 12/23/2013 8:01:24 AM PST by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: caver

yes..they are liars just like the devil..who lied to begin with. It is criminal what they are doing to the economy.


19 posted on 12/23/2013 8:03:40 AM PST by fabian (" And a new day will dawn for those who stand long, and the forests will echo in laughter")
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To: LucianOfSamasota

Thanks, I guess I was thinking of Obamacare as Armageddon.


20 posted on 12/23/2013 8:03:52 AM PST by Truth29
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