Author Topic: New York Times: Obamacare Decimates Middle Class  (Read 254 times)

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Offline Rapunzel

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New York Times: Obamacare Decimates Middle Class
« on: December 23, 2013, 04:12:56 PM »
http://www.breitbart.com/Big-Government/2013/12/22/New-York-Times-Obamacare-Decimates-Middle-Class


New York Times: Obamacare Decimates Middle Class

by Tony Lee 23 Dec 2013, 8:30 AM PDT

The New York Times has finally conceded what critics of Obamacare have been claiming--the so-called "Affordable Care Act" devastates the country's middle class families who "are caught in the uncomfortable middle: not poor enough for help, but not rich enough to be indifferent to cost."

The Times profiles a family of four in New Hampshire with an annual income of around $100,000. Right now, "the cheapest insurance plan" they can find on the exchanges is about $1,000 a month. But if "they made just a few thousand dollars less a year — below $94,200 — their costs would be cut in half, because a family like theirs could qualify for federal subsidies."

"Many of the biggest provisions of the Affordable Care Act are aimed squarely at the poorest of Americans," the Times writes. "Under the law, states have the option of expanding Medicaid to a larger pool of people with the lowest incomes. To those earning more, the law provides subsidies to people earning up to four times the federal poverty level, or $45,960 for an individual and $62,040 for a couple."

But middle class Americans, with incomes much lower than the family of four in New Hampshire, will get decimated. An analysis by the Times found those in the middle class may have to pay nearly 20% of their income on Obamacare. To put that in perspective, "experts consider health insurance unaffordable once it exceeds 10 percent of annual income." Consider these examples:

    A 60-year-old living in Polk County, in northwestern Wisconsin, and earning $50,000 a year, for example, would have to spend more than 19 percent of his income, or $9,801 annually, to buy one of the cheapest plans available there. A person earning $45,000 would qualify for subsidies and would pay about 5 percent of his income, or $2,228, for an inexpensive plan.

    In Oklahoma City, a 60-year-old earning $50,000 could buy one of the cheapest plans for about 6.6 percent of his income, or about $3,279 a year with no subsidy. If he earned $45,000, with the benefit of a subsidy, he would spend about $2,425.

    Christian Johnsen, a bakery owner who lives with his wife and two children in Big Sky, Mont., and has an income of about $88,000, will probably be eligible for subsidies next year. As a result, the family could buy a midlevel insurance plan for about $697 a month. But if the bakery does better next year, the family could be asked to pay a lot more. Without any subsidy, the same plan would cost $822.

Americans have often felt they were "middle class" if they could not afford to pay their kids' college tuition without taking out loans but did not qualify for financial aid. Obamacare may give Americans a new way to determine if they are "middle class."


“The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves.” G Washington July 2, 1776

Offline Oceander

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Re: New York Times: Obamacare Decimates Middle Class
« Reply #1 on: December 24, 2013, 12:31:41 AM »
Late epiphanies do not excuse the fact that the NYT was instrumental in bringing this ruin down upon the heads of middle class Americans.

Offline rangerrebew

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Re: New York Times: Obamacare Decimates Middle Class
« Reply #2 on: December 24, 2013, 07:22:53 AM »
Late epiphanies do not excuse the fact that the NYT was instrumental in bringing this ruin down upon the heads of middle class Americans.

It was Stalin or Lenin who said the way to destroy the middle class was to put them between the grinding wheels of taxation and inflation.  He apparently saw the downfall of America long before the NYT.
« Last Edit: December 24, 2013, 07:23:22 AM by rangerrebew »
Constitutions are not designed for metaphysical or logical subtleties, for niceties of expression, for critical propriety, for elaborate shades of meaning, or for the exercise of philosophical acuteness or judicial research. They are instruments of a practical nature, founded on the common business of human life, adapted to common wants, designed for common use, and fitted for common understandings.

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