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  1. #1
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    Obamacare's Assault on middle class income.

    Scary stuff here. Now that the baby has arrived and my wife is not working, I am going to fall into this group, having to spend 1/4 of my net income on health insurance so that Obama can claim some BS victory.
    The president has spent the closing days of the health-care debate making his case to the segments of Americans who will benefit under ObamaCare. But lots of other people will be squeezed under the scheme -- and not the rich folks that President Obama singles out in his stump speeches, but families who are decidedly middle class.

    Health reform will leave many of them newly priced out of a transformed market for health insurance.

    The hardest hit won't be those earning more than $250,000 a year -- the group that he says needs to "pay their fair share." Rather, it's families whose combined annual income is around $100,000 who could be crushed under this plan.

    These folks will be too "rich" to qualify for ObamaCare's subsidies, but probably too poor to easily afford the pricey insurance that the president's plan forces them to buy.

    Many of these $100K families will be obliged to buy a policy costing an average of $14,700 for the mid-level, "silver" health plan, according to the Congressional Budget Office's estimates. After income taxes, they'll be spending almost a quarter of their net income for health insurance.

    How can these families make out so badly under ObamaCare? The plan does two things to refashion the market for health insurance and inadvertently stacks it against these middle-class earners.

    First, it limits most consumers to choosing only one of three basic health plans. (These will offer the same basic package of health benefits -- the main difference is that the higher-premium plan has lower co-pays, while the lower-premium one has higher co-payments.) And even the cheapest option -- the "bronze" plan -- will start at about $12,500 for a family, says the CBO.

    People buying insurance outside the workplace won't be able to shop around to find cheaper options: ObamaCare effectively outlaws that, because the president wants everyone to have the same package of generous benefits. It's a noble ideal -- but it forces people to buy coverage that may be pricier than what they need, want or can afford.

    The individual-insurance market -- which now lets you go to "ehealth.com" and buy a policy directly from Aetna or Wellpoint -- will shut down almost immediately: The regulations ObamaCare puts on the private individual-policy market will simply leave it unable to compete with the new state-based insurance exchanges that the reform creates.

    Next, ObamaCare creates powerful financial incentives for employers to drop coverage -- paying a small fee to "dump" employees on the exchange. Because of the new subsidies, the savings -- to the employer and most employees -- will be substantial.

    The financial incentives for employers to move workers into the exchanges are most powerful when it comes to middle-income wage earners. Here's an example:

    To buy that mid-level, "silver" health plan, the tax code effectively subsidizes a family earning $42,000 a year to the tune of about $5,500 for employer-provided coverage. But in the exchange, they'd get a direct government subsidy in 2016 of $12,100. The exchange is clearly a better deal.

    But, again, the subsidies phase out, so that a family earning around $100,000 loses out: Because they won't get insurance through work, they'll lose the tax-code subsidy for insurance -- but they'll get no subsidy to buy the mandated expensive policy.

    Yes, $100,000 a year allows a nice living in most of America (if not Manhattan). But it's the income of a real-estate broker married to a limo driver -- not of the affluent folks that the president has said will bear the brunt of any financial burdens from reform. Many of these middle-class families will probably opt to pay the federal fine, and go without health insurance until they get sick.

    Scott Gottlieb is a physician and resident fellow at the American Enterprise Institute. He is partner with a firm that invests in health- care companies.



    Read more: http://www.nypost.com/p/news/opinion...#ixzz0iRc2EiS5

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  2. #2
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    People on this board will continue to ignore this stuff because 'something has to be done' right, even though the middle class routinely gets squeezed when the government decides to do stuff like this? Even if the bill is complete crap, they'll just continue to filter the negative facts about Obamacare through their worldview glasses.

    Why should anyone have the incentive to work if the money you make is being taken by the government?
    Last edited by theanalogkid; 03-17-2010 at 08:08 AM.

  3. #3
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    Quote Originally Posted by theanalogkid View Post
    People on this board will continue to ignore this stuff because 'something has to be done' right, even though the middle class routinely gets squeezed when the government decides to do stuff like this? Even if the bill is complete crap, they'll just continue to filter the negative facts about Obamacare through their worldview glasses.

    Why should anyone have the incentive to work if all the money if the government is just going to take your money?
    It's really crazy when you consdier the fact that it will likely be cheaper for me to go off of health insurance and then only apply for it if I get seriously sick. Families with small children shouldn't have to be making decisions like that to appease the liberal left.

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  4. #4
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    Quote Originally Posted by sideoutshu View Post
    It's really crazy when you consdier the fact that it will likely be cheaper for me to go off of health insurance and then only apply for it if I get seriously sick. Families with small children shouldn't have to be making decisions like that to appease the liberal left.
    I made this point in another thread, and NB kept arguing with me about it.

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    Originally Posted by Levdogg
    Kip you have mine and Warren's votes. Plus I can convince mofo and Gibbs, and give me a few days to soften JJ. I will probably be in the league if you are in. Don't underestimate my clout around here. Just keep posting your reasons as to why you should be allowed... And PM them to the user SUPDOG. He carries a lot of weight around here, too.

  5. #5
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    Quote Originally Posted by sideoutshu View Post
    Scary stuff here. Now that the baby has arrived and my wife is not working, I am going to fall into this group, having to spend 1/4 of my net income on health insurance so that Obama can claim some BS victory.
    I thought you already had insurance thru your job? Is your law firm dropping their employee insurance?


    .

  6. #6
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    Btw, you don't have to say "liberal left", you can just leave it at "left". Not really a big deal, just one of those things that nag at me.
    "When Rob Gronkowski was born, the average ***** size in North America went from 3 inches to six." -Some random dude

  7. #7
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    Gamertag: Live From Reno PSN ID: NevadaBallin
    Quote Originally Posted by MonoxideChild View Post
    Btw, you don't have to say "liberal left", you can just leave it at "left". Not really a big deal, just one of those things that nag at me.
    Also, i need to understand something here.... is he complaining about possibly not getting a "government handout" via subsidies?


    .

  8. #8
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    Nevada...most employers are going to drop their insurance plans because the Obama plan is going to give them incentives to do so. Not to mention, with pre-existing conditions not preventing you from being able to be denied insurance, it's going to decimate private insurers.

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    Originally Posted by Levdogg
    Kip you have mine and Warren's votes. Plus I can convince mofo and Gibbs, and give me a few days to soften JJ. I will probably be in the league if you are in. Don't underestimate my clout around here. Just keep posting your reasons as to why you should be allowed... And PM them to the user SUPDOG. He carries a lot of weight around here, too.

  9. #9
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    Quote Originally Posted by MonoxideChild View Post
    Btw, you don't have to say "liberal left", you can just leave it at "left". Not really a big deal, just one of those things that nag at me.
    Well, I would say that the "liberal left" isn't necessarily the same group as the "left."

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    Originally Posted by Levdogg
    Kip you have mine and Warren's votes. Plus I can convince mofo and Gibbs, and give me a few days to soften JJ. I will probably be in the league if you are in. Don't underestimate my clout around here. Just keep posting your reasons as to why you should be allowed... And PM them to the user SUPDOG. He carries a lot of weight around here, too.

  10. #10
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    Quote Originally Posted by Nevada_Ballin View Post
    I thought you already had insurance thru your job? Is your law firm dropping their employee insurance?


    .
    We won't know til the day gets here, but there is no reason to keep providing insurance when it woul dbe far cheaper to pay the fine and throw everyone into the pool.

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  11. #11
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    Quote Originally Posted by Nevada_Ballin View Post
    Also, i need to understand something here.... is he complaining about possibly not getting a "government handout" via subsidies?


    .
    No, I am complining about my tax dollars going to pay for the subsidies of others, thereby increasing the price for everyone.

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  12. #12
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    Quote Originally Posted by sideoutshu View Post
    No, I am complining about my tax dollars going to pay for the subsidies of others, thereby increasing the price for everyone.
    Ok, i get that. I'm still on a fact checking mission to find out how much of that Op-Ed is true and how much isn't.


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  13. #13
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    The AEI is a group with a neo-con lean to it. However they do make some points. The only problem is that everything that both sides say about the healthcare debate is almost completely theoretical and full of what-ifs. I personally would support universal healthcare, which this is far from being, but these numbers just dont add up. They're constantly changing to suit someones argument.

    And I guess you're right, not all of the left is liberal necessarily, I guess i'm just getting used to hearing it constantly on the radio and whatnot.
    "When Rob Gronkowski was born, the average ***** size in North America went from 3 inches to six." -Some random dude

  14. #14
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    Quote Originally Posted by Nevada_Ballin View Post
    I thought you already had insurance thru your job? Is your law firm dropping their employee insurance?


    .
    Why on Earth would they drop their insurance coverage when they are going to save 3,000%!


    LOL!

    http://www.youtube.com/watch?v=lUd-s...layer_embedded
    __________________

    Vice President Joe Biden on Barack Obama:

    "Obama is the first mainstream African-American [presidential candidate] who is articulate and bright and clean and a nice-looking guy. I mean, that's a storybook, man."USA Today: Biden burned by 'clean' language (January 31, 2007)

    Words of a racist.

  15. #15
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    Quote Originally Posted by SUPDOG View Post
    Why on Earth would they drop their insurance coverage when they are going to save 3,000%!


    LOL!

    http://www.youtube.com/watch?v=lUd-s...layer_embedded
    I could counter with some Bush quotes.... but why bother.


    .
    Last edited by Nevada_Ballin; 03-19-2010 at 10:13 AM.


 

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