Only low IQ peeps like you believe such bs. Clearly a special kind of stupid.
The Affordable Care Act (ACA) subsidies are based on a sliding scale, which is set by one’s income and the poverty rate, ranging between 100% and 400%. At the lower end, the government will pay 97% of your premium at the higher end of 10.5%.
Wow, this sounds amazing, right. Well, it comes at a price and the money doesn’t appear out of thin air. The health cost curve bends as promised, but not in the direction promised. Moreover, the goal of all Americans having insurance will remain a pipe dream; the ACA subsidies will soar to a grand total of $849 billion over the next ten years.
The number of uninsured nonelderly population will decline from 35 million to 27 million.
So, while 87% of folks on healthcare exchanges get some form of assistance with premiums, there are only 11 million in the system versus 154 million who get health insurance at work and 25 million from other sources. Yet obligations on healthcare insurance providers are forcing a surge in premiums and deductibles, which is a big reason so many Americans have opted against Obamacare.
Economically, the plan means fewer full-time jobs, higher medical care for all, and less service. In addition, there’s the government overreach that could impact other parts of society.
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