i found this post on a different financial forum and i'm curious if his example is correct under the ACA...if so....to say this will be a job killer AND a huge drag on the economy is a major understatement...
If you make 25k per year and have no insurance today you will be able to do one of two things. Pay a $700 fine or be mandated to buy a $1700 policy. The policy has a $1000 deductible and a 20% copay. If you pay the fine, you are in the same position today that you were yesterday with NO "health care"... you're just $700 poorer. If you look at a family of 4 making 50k per year you will see that it's 3300 a year AFTER subsidies. If you didn't have insurance before, you get a nice new 6% hit on your bottom line.
Either way, you are now on the hook for a new mandated expense that you didn't have before. I hope the people who think they have "free" healthcare start looking at the numbers. You can plug in numbers here:
healthreform.kff.org
You can call it a tax, a penalty, a banana... who cares; play semantics if you like. At the end of the day you will have less money. It's no different than a new tax. If you can't afford it now, how are you going to do it now that it's mandated. OH, and you still have a deductible and a copay on top of this; not just the insurance costs.
BTW, ALL of this says nothing about getting CARE. This is just INSURANCE. No matter what is mandated you still have a finite resource in doctors, nurses, medicines, beds, etc. When the costs escalate and the subsidies are not enough to cover the unlimited demand with the limited supply, then what?
This is going to end badly when people start to figure this out...
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