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Chris Wysocki
Caldwell, NJ
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Monday, 28 December 2015
More than ten percent of your income is going to Obamacare
It's the stealth tax that's crippling our economy.
The latest dilemma facing economists is why "unequivocally good" low oil prices haven't sparked excuberant consumer spending across America. We have discussed the simple (though awkward for the establishment) answer many times - soaring costs for 'shelter' and healthcare have hoovered up every penny saved (and more); and now, a new study proves it - exposing the reality that many Obamacare customers pay more than 10 percent of their incomes toward coverage (and some paying considerably more).
The shocking findings show that, as CNBC summarizes, One in 10 Obamacare customers who earn between just two and five times the federal poverty level will have coverage costs that exceed 21 percent of their incomes, an analysis by the Robert Wood Johnson Foundation and the Urban Institute found.
And the median Obamacare customer who earns in that range spends more than 10 percent of their income on monthly premiums and out-of-pocket health expenses, the analysis found.
So, if you've been wondering where all your money is going, wonder no more.
The law that promised to reduce our costs has instead inflated them beyond anything we could have imagined. Premiums, deductibles, co-pays, and overall health care spending continue to escalate faster than ever, piling increase upon increase, with no relief in sight. This, of course, on top of the tax hikes needed to subsidize Obamacare for the Taker class so they'll keep on voting Democrat.
Which only means we'll see more stories like this one, describing how average Americans can't afford to use their mandatory health insurance.
Oh, but Lena Dunham and her feminut slut sisters get "free" birth control, so there's that.
Happy New Year, from Obamacare. Now pay up, sucker!
Posted at 14:30 by Chris Wysocki
[/obamacare]
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