Skip to comments.ObamaCare: Older Workers Could Pay 25% Of Income
Posted on 12/26/2013 6:38:57 PM PST by Innovative
A primary rationale of ObamaCare's insurance reforms limiting age-rating and precluding pricing based on health status has been to ensure that people will be able to afford health coverage when they need it most.
An IBD analysis finds that middle-class households in their late 50s and early 60s could spend 25% or more of their income on health care before their deductible is exhausted and ObamaCare's benefits kick in.
Covered California's shop-and-compare tool shows that a 58-year-old couple in Los Angeles County with $65,000 in income buying a bronze plan would have to spend $19,400, including $9,400 in premiums and a $10,000 deductible.
Individuals can deduct medical expenses above 10% of income. Even so, the couple could still face a health care bill equal to 25% of income, before any benefits.
(Excerpt) Read more at news.investors.com ...
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A Congressman or Senator who does not advocate the impeachment of every Demonrat who voted for Traitorobamacare has by his silence joined with the traitors.
This is going to cause complete and total economic collapse. People will simply stop working. Between this and an effective tax rate of over 50% will remove all incentive to work.
Some people are going to crack up and become very very violent.
Others are going to simply give up. Why work if you get to keep nothing?
There will be elections in less than a year — no impeachment needed, just make sure all the Dems are defeated.
“Some people are going to crack up and become very very violent.”
This is more likely than people realize:
Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse
“A top financial advisor, worried that Obamacare, the NSA spying scandal and spiraling national debt is increasing the chances for a fiscal and social disaster, is recommending that Americans prepare a bug-out bag that includes food, a gun and ammo to help them stay alive.
David John Marotta, a Wall Street expert and financial advisor and Forbes contributor, said in a note to investors, Firearms are the last item on the list, but they are on the list. There are some terrible people in this world. And you are safer when your trusted neighbors have firearms.
Yep this is what the people were clamoring for.
It’s the law of the land...
How is that hope and change workin out for ya now?
President Obamas Top 10 Constitutional Violations Of 2013
By Ilya Shapiro
One of Barack Obamas chief accomplishments has been to return the Constitution to a central place in our public discourse.
Unfortunately, the president fomented this upswing in civic interest not by talking up the constitutional aspects of his policy agenda, but by blatantly violating the strictures of our founding document. And hes been most frustrated with the separation of powers, which doesnt allow him to fundamentally transform the country without congressional acquiescence.
But that hasnt stopped him. In its first term, the Administration launched a We Cant Wait initiative, with senior aide Dan Pfeiffer explaining that when Congress wont act, this president will. And earlier this year, President Obama said in announcing his new economic plans that I will not allow gridlock, or inaction, or willful indifference to get in our way.
And so, as we reach the end of another year of political strife thats fundamentally based on clashing views on the role of government in society, I thought Id update a list I made two years ago and hereby present President Obamas top 10 constitutional violations of 2013.
1. Delay of Obamacares out-of-pocket caps. The Labor Department announced in February that it was delaying for a year the part of the healthcare law that limits how much people have to spend on their own insurance. This may have been sensibleinsurers and employers need time to comply with rapidly changing regulationsbut changing the law requires actual legislation.
2. Delay of Obamacares employer mandate. The administration announced via blogpost on the eve of the July 4 holiday that it was delaying the requirement that employers of at least 50 people provide complying insurance or pay a fine. This time it did cite statutory authority, but the cited provisions allow the delay of certain reporting requirements, not of the mandate itself.
3. Delay of Obamacares insurance requirements. The famous pledge that if you like your plan, you can keep it backfired when insurance companies started cancelling millions of plans that didnt comply with Obamacares requirements. President Obama called a press conference last month to proclaim that people could continue buying non-complying plans in 2014despite Obamacares explicit language to the contrary. He then refused to consider a House-passed bill that wouldve made this action legal.
4. Exemption of Congress from Obamacare. A little-known part of Obamacare requires Congressmen and their staff to get insurance through the new healthcare exchanges, rather than a taxpayer-funded program. In the quiet of August, President Obama directed the Office of Personnel Management to interpret the law to maintain the generous congressional benefits.
5. Expansion of the employer mandate penalty through IRS regulation. Obamacare grants tax credits to people whose employers dont provide coverage if they buy a plan through an Exchange established by the Stateand then fines employers for each employee receiving such a subsidy. No tax credits are authorized for residents of states where the exchanges are established by the federal government, as an incentive for states to create exchanges themselves. Because so few (16) states did, however, the IRS issued a rule ignoring that plain text and allowed subsidies (and commensurate fines) for plans coming from a State Exchange, regional Exchange, subsidiary Exchange, and federally-facilitated Exchange.
6. Political profiling by the IRS. After seeing a rise in the number of applications for tax-exempt status, the IRS in 2010 compiled a be on the lookout (BOLO) list to identify organizations engaged in political activities. The list included words such as Tea Party, Patriots, and Israel; subjects such as government spending, debt, or taxes; and activities such as criticizing the government, educating about the Constitution, or challenging Obamacare. The targeting continued through May of this year.
7. Outlandish Supreme Court arguments. Between January 2012 and June 2013, the Supreme Court unanimously rejected the Justice Departments extreme positions 9 times. The cases ranged from criminal procedure to property rights, religious liberty to immigration, securities regulation to tax law. They had nothing in common other than the governments view that federal power is virtually unlimited. As a comparison, in the entire Bush and Clinton presidencies, the government suffered 15 and 23 unanimous rulings, respectively.
8. Recess appointments. Last year, President Obama appointed three members of the National Labor Relations Board, as well as the head of the Consumer Financial Protection Bureau, during what he considered to be a Senate recess. But the Senate was still holding pro forma sessions every three daysa technique developed by Sen. Harry Reid to thwart Bush recess appointments. (Meanwhile, the Dodd-Frank Act, which created the CFPB, provides that authority remains with the Treasury Secretary until a director is confirmed by the Senate.) In January, the D.C. Circuit held the NLRB appointments to be unconstitutional, which ruling White House spokesman Jay Carney said only applied to one court, one case, one company.
9. Assault on free speech and due process on college campuses. Responding to complaints about the University of Montanas handling of sexual assault claims, the Department of Educations Office of Civil Rights, in conjunction with the Justice Department, sent the university a letter intended as a national blueprint for tackling sexual harassment. The letter urges a crackdown on unwelcome speech and requires complaints to be heard in quasi-judicial procedures that deny legal representation, encourage punishment before trial, and convict based on a mere more likely than not standard.
10. Mini-DREAM Act. Congress has shamelessly failed to pass any sort of immigration reform, including for the most sympathetic victims of the current non-system, young people who were brought into the country illegally as children. Nonetheless, President Obama, contradicting his own previous statements claiming to lack authority, directed the Department of Homeland Security to issue work and residence permits to the so-called Dreamers. The executive branch undoubtedly has discretion regarding enforcement priorities, but granting de facto green cards goes beyond a decision to defer deportation in certain cases.
It was hard to limit myself to 10 items, of courseObamacare alone couldve filled many such listsbut these, in my judgment, represent the chief executives biggest dereliction this year of his duty to preserve, protect, and defend the Constitution, and to take care that the law be faithfully executed.
Alas, things may get worse before they get better. New presidential counselor John Podestas belief in governance by fiat is no secret; in a 2010 report, he wrote that focusing on executive power presents a real opportunity for the Obama administration to turn its focus away from a divided Congress and the unappetizing process of making legislative sausage.
Happy New Year!
Ilya Shapiro is a senior fellow in constitutional studies at the Cato Institute and editor-in-chief of the Cato Supreme Court Review.
This article is available online at:
Affordable care act, affordable is in air quotes and smirks as the rest of the title is ransom note style clippings from magazines or crayon scrawls..
We have an Andy Warhol “painting” as legislation and as a “president”.
(Hipsters just sprouted pants tents at the thought.)
/ end random boredom induced meanderings.
What about the republicans who refuse to do anything of meaning about it?
That will make it impossible for them to receive any kind of subsidy as felons and DV violators are excluded.*
Another excellent article:
How ObamaCare Saves 30 Million From Being Uninsured While Leaving 30 M Without Coverage
In my case, bi-weekly premiums of $492...nominally $13k in premiums from before tax income. Must pay the sum of all deductibles for persons covered with after tax money...$7k of after tax before getting a penny of benefits from the premiums. That $7k after tax represents $12.5k gross (pre-tax). Roughly $25,000 a year if I need any medical services and $13k if I don’t use any. Such a deal!
Obama’s Holocaust, ya think?
Hope and change has not shown it’s ugly face yet. It will show it by middle of 2014 when notifications from insurance companies begin.
all part of the redistribution plan
Lock and load
> all part of the redistribution plan
They’ve just about redistributed everything I have. They’ll have to start gnawing on theirown before soon.
We will see by mid 2014 who is raping the public, the gov or insurance companies or both.
And rely on Republicans like McCain,Graham and Boehner to repeal Obama care,reduce government,lower taxes and stand up for conservative values! They’ll do it for all of 30 seconds before caving at the first whimper by the media/democratic machine.
“There will be elections in less than a year no impeachment needed, just make sure all the Dems are defeated.”
We know we can count on John McCain, Mitch McConnell, Lindsay Graham, Eric Cantor, John Boehner and the rest of the GOP leaders to go down on their swords to stop Obamacare. Look how they ran for the woods when Ted Cruz tried to show leadership on the issue this year.
Sorry, if the Republicans win both houses of Congress in 2014 Obamacare will not be defunded or eliminated. The multinational corporations who fund the GOP want single payer and the GOP will do their bidding.
that’s how it always ends up with marxists/ socialists/ commies/ progressives
in the end, it’s about them controlling the flow of wealth ...giving them the majority of power
Yes, it is thievery and IRS thuggery. Just a start. Free food and free housing is here already, and will just get more elaborate, courtesy Democrat voters.
I'm not a fan of Odamacare but at least it has made so many wake up to the reality...
In 2009 my premium for myself and 3 dependents was $628 a month with Blue Cross, in 2010 they increased it to $856/month.
I went back to the VA and they could get a $10,000/year policy for $339/month.
Qbamacare is an intrusion on our rights as Americans but these complaints of the cost ring hollow to me..as usual most Americans haven't been paying attention
All we can hope is that this thing is sh.. canned. Otherwise, we’re so screwed.
Your numbers are almost as bad as ours. I am 59. Hubby 62. I ran our numbers on CoveredCa and it came out to 27% of our income if we used medical services.
I have been posting this ever since the website was up and running but they are just now figuring it out.
I have been paying attention. We have been paying $1000 a month for many years now. That’s still a far cry from the 27% of our income that Obamacare would cost us if we had Obamacare and got sick.
By my simple math you had to be paying at least 25% before on a 50k income. You know the insurance companies have been increasing premiums by 20% or more yearly.
I'm sorry folks complaining about the cost are simply misinformed or possibly in your case mathematically challenged
Sorry my friend. It is too late. What was before is gone, over. Not sure where this ends but it is not going back to what we did before.
BTW...that’s my employer sponsored plan. I suspect things get worse when I lose that benefit. I calculated the pre-tax value of the deductibles based on loss of 42% of each pay check to taxes...I actually lose more than that. To top it off, I have to rent a small room 900 miles from home to keep earning a pay check. Another $700+ per month (after tax) impact from Obama. Not a real happy camper, but still employed.
“Your numbers are almost as bad as ours. I am 59. Hubby 62. I ran our numbers on CoveredCa and it came out to 27% of our income if we used medical services.
I have been posting this ever since the website was up and running but they are just now figuring it out.”
The Republicans seem to be always “a day late and a dollar short”, as they say.
They were so focused on the website issues, which was a temporary problem, instead of figuring out what the real implications of Obamacare on the net income of working people and telling them.
65K in Los Angeles is poor. I bet they receive huge subsidies for Obamacare. The story may have left that out.
Boehner and the House voted for repeal 42 times. What more do you want from the poor guy? He does not control the Senate.
Take steps to insulate your family from the consequences of the collapse.
But don’t neglect building community with the people in your neighborhood. You don’t go to “war” with the army you want, but the one you have.
Well your simple math is wrong and since I have a degree in accounting I don’t think my math is wrong. I won’t tell you our income but it is quite a bit more than 50k.
I received this from a friend
This is about the best explanation I have seen yet about what the democratic party is. Everybody wants something for nothing but people who are responsible know that somebody has to pay for those who dont (whether they cant or wont same difference, somebody has to pay for it).
Im a 54 year old consulting engineer and make between $60,000 and $125,000 per year, depending on how hard I work and whether or not there are work projects out there for me.
My girlfriend is 61 and makes about $18,000 per year, working as a part-time mail clerk.
For me, making $60,000 a year, under ObamaCare, the cheapest, lowest grade policy I can buy, which also happens to impose a $5,000 deductible, costs $482 per month.
For my girlfriend, the same exact policy, same deductible, costs $1 per month. Thats right, $1 per month. Im not making this up.
Dont believe me? Just go to www.coveredca.gov, the ObamaCare website for California and enter the parameters Ive mentioned above and see for yourself. By the way, my zip code is 93940. Youll need to enter that.
So OK, clearly ObamaCare is a scheme that involves putting the cost burden of healthcare onto the middle and upper-income wage earners. But theres a lot more to it. Stick with me.
And before I make my next points, Id like you to think about something:
I live in Monterey County, in Central California. We have a large land mass but just 426,000 residents - about the population of Colorado Springs or the city of Omaha.
But we do have a large Hispanic population, including a large number of illegal aliens, and to serve this group we have Natividad Medical Center, a massive, Federally subsidized county medical complex that takes up an area about one-third the size of the Chrysler Corporation automobile assembly plant in Belvedere, Illinois (see Google Earth View).
Natividad has state-of-the-art operating rooms, Computed Tomography and Magnetic Resonance Imaging, fully equipped, 24 hour emergency room, and much more.
If you have no insurance, if youve been in a drive-by shooting or have overdosed on crack cocaine, this is where you go. And its essentially free, because almost everyone who ends up in the ER is uninsured.
Last year, 2,735 babies were born at Natividad. 32% of these were born to out-of-wedlock teenage mothers, 93% of which were Hispanic. Less than 20% could demonstrate proof of citizenship, and 71% listed their native language as Spanish. Of these 876 births, only 40 were covered under [any kind of] private health insurance. The taxpayers paid for the other 836.
And in case you were wondering about the entire population - all 2,735 births - less than 24% involved insured coverage or even partial payment on behalf of the patient to the hospital in exchange for services. Keep this in mind as we move forward.
Now consider this:
If I want to upgrade my policy to a low-deductible premium policy, such as what I had with my last employer, my cost is $886 per month. But my girlfriend can upgrade her policy to the very same level, for just $4 per month. Thats right, $4 per month. $48 per year for a zero-deductible, premium healthcare policy - the kind of thing you get when you work at IBM (except of course, IBM employees pay an average of $170 per month out of pocket for their coverage).
I mean, its bad enough that I will be forced to subsidize the ObamaCare scheme in the first place. But even if I agreed with the basic scheme, which of course I do not, I would *never* agree to subsidize premium policies. If I have to pay $482 a month for a budget policy, I sure as hell do not want the guy Im subsidizing to get a better policy, for less that 1% of what I have to fork out each month for a low-end policy.
Why must I pay $482 per month for something the other guy gets for a dollar? And why should the other guy get to buy an $886 policy for $4 a month? Think about this: I have to pay $10,632 a year for the same thing that the other guy can get for $48. $10,000 of net income is 60 days of full time work *as an engineer*. $48 is something I could pay for collecting aluminum cans and plastic bottles, one day a month.
Are you with me on this? Are you starting to get an idea what ObamaCare is really about?
ObamaCare is not about dealing with inequities in the healthcare system. Thats just the cover story. The real story is that it is a massive, political power grab.
Do you think anyone who can insure himself with a premium policy for $4 a month will vote for anyone but the political party that provides him such a deal?
ObamaCare is about enabling, subsidizing, and expanding the Lefts political power base, at taxpayer expense.
Why would I vote for anyone but a Democrat if I can have babies for $4 a month?
For that matter, why would I go to college or strive for a better job or income if it means I have to pay real money for healthcare coverage?
Heck, why study engineering when I can be a schlub for $20K per year and buy a new F-150 with all the money Im saving?
And think about those $4-a-month babies - think in terms of propagation models. Think of just how many babies will be born to irresponsible, under-educated mothers. Will we get a new crop of brain surgeons and particle physicists from the dollar baby club, or will we need more cops, criminal courts and prisons? One thing you can be certain of: At $4 a month, theyll multiply, and multiply, and multiply. And not one of them will vote other than Democrat.
ObamaCare: Its all about political power.
But when Boehner had a chance to fund the budget WITHOUT obama care he caved. I would have kept the government shutdown until we got total repeal .Boehner instead decided to “comprise” which always means give the democrats what they want in an exchange for a vague promise to do something later. Watch how quick he starts telling us now is the time to get something done on immigration “reform” .