- Feb 23, 2005
- 22,902
- 2,359
- 126
So, we've seen the numbers as to the cost to the government, but AFAIK this is the first reflection of how HB3200 would affect the middle class. Not surprisingly, it doesnt look good.
If you think this assessment is wrong, I would like to see some discussion as to WHY this report is wrong. For example, blah blah blah is wrong, because blah blah blah.
Obamacare could cost you $4,000 a year
If the public insurance option is dropped, that's likely to leave many employees with a big bill for their coverage.
(not posting the whole article due to length)
Now that it's highly possible that the Obama administration will drop the requirement for a public-insurance option from its health-care agenda, it's enlightening to examine what the remaining plan means for most Americans.
If the public option had evolved into a program resembling Medicare for most working Americans --what Conservatives feared and many Democrats wanted -- it might have provided rich coverage, at bargain premiums, for people with moderate incomes.
That won't happen with the proposed alternative, medical co-ops, because they won't pack nearly the purchasing power of a government-run plan to push down prices. Nor will the co-ops get the government subsidies that would likely radically lower premiums under a public option, just as they do under Medicare.
The conclusion is shocking. Middle- and upper-middle class Americans could face an enormous increase in their premiums. The hit could easily approach $4,000 for someone earning less than $90,000 -- or more than double that increase as soon as the worker's pay hits six figures. That's because Obama's plan would collect hundreds of billions of dollars in new taxes at the expense of medium earners, and re-channel the money into subsidies for the uninsured, low-income earners, and union retirees over age 55.
If you think this assessment is wrong, I would like to see some discussion as to WHY this report is wrong. For example, blah blah blah is wrong, because blah blah blah.
Obamacare could cost you $4,000 a year
If the public insurance option is dropped, that's likely to leave many employees with a big bill for their coverage.
(not posting the whole article due to length)
Now that it's highly possible that the Obama administration will drop the requirement for a public-insurance option from its health-care agenda, it's enlightening to examine what the remaining plan means for most Americans.
If the public option had evolved into a program resembling Medicare for most working Americans --what Conservatives feared and many Democrats wanted -- it might have provided rich coverage, at bargain premiums, for people with moderate incomes.
That won't happen with the proposed alternative, medical co-ops, because they won't pack nearly the purchasing power of a government-run plan to push down prices. Nor will the co-ops get the government subsidies that would likely radically lower premiums under a public option, just as they do under Medicare.
The conclusion is shocking. Middle- and upper-middle class Americans could face an enormous increase in their premiums. The hit could easily approach $4,000 for someone earning less than $90,000 -- or more than double that increase as soon as the worker's pay hits six figures. That's because Obama's plan would collect hundreds of billions of dollars in new taxes at the expense of medium earners, and re-channel the money into subsidies for the uninsured, low-income earners, and union retirees over age 55.
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