ObamaCare Double Whammy if You Make Over 48,000 dollars.

If you make between $12,000 and $23,000 a year, you get a health insurance deductible as low as $500.00. The Affordable Care Act, aka "ObamaCare" legally mandates that customers in this income range, pay relatively little for their medical care each year. (Under $12,000 = automatic Medicaid in 32 states.)

To make it easier for health insurance companies to financially handle these low deductibles, the Obama administration illegally sent them $7 BILLION Dollars a year. This money is referred to as "Cost Sharing Reduction" payments..and is transferred from the U.S. Treasury, to health insurers, on a monthly basis.

Now that President Trump has terminated these illegal CSR payments, health insurance companies are increasing 2018 premiums up to 54% to compensate.

See the state-by-state chart in the middle of the page at: acasignups.net...

Without this financial "help" from taxpayers, health insurance companies have to charge what these ObamaCare "Rolls Royce" quality plans REALLY COST.

But, the only ObamaCare customers who will pay these huge 2018 premium increases from their personal bank account, are those who earn more than $48,000 a year.

Those who earn less, are limited to paying no more than 2% to 9% of their income...no matter how high premiums are increased. Money is sent from the government to health insurance companies to cover the difference. These payments are the ATPC Subsidies. They were appropriated by Congress, and are therefore 100% legal.

MY BEEF is that a 60 year old who earns $48,000 a year in Dallas, has to pay $900 a month for a $7,200 deductible ObamaCare plan, yet a 60 year old who earns $23,000 a year pays $20 a month, for a $500 Deductible health insurance plan.

If the $48,000 guy/gal has medical claims that exceed $7,200, he/she has paid $18,000 that year.

If the $23,000 guy/gal has medical claims that exceed $500, he/she has only paid $740 for insurance/medical expenses that year.

After Federal/State taxes, the $48,000 income ObamaCare customer who needed medical care, is actually POORER at the end of the year, than the ObamaCare customer who earns $23,000 a year. OUCH!

IMO, this is not fair to people who have achieved a modest amount of financial success. You can't "fix" ObamaCare-ACA, when injustices like this are "baked in" to the law itself.

-CareWeMust

a reply to: carewemust

All Trump has to do is sign an EO neutralizing the highly illegal Individual Mandate, and people can make the choice to opt out of this sinking ship that is crony socialized healthcare.

a reply to: carewemust

You don't make any sense. You're bitching now because insurers did exactly what Trump intended them to do. What did you think was going to happen when you were applauding him for doing it?

Trump did it because he's trying to sabotage ObamaCare. This is exactly what he knew would happen and if he did it, knowing it would, then you can only reasonably assume it's what he wanted to happen.

And btw, what happened to the great plan that he kept saying he had, just waiting to be rolled out first thing in his presidency? Hint: that was a lie.

Yet, you'll keep right on cheering.

48k.

for those who haven't been there, that's 2800 a month after tax, before insurance.

1200 for rent in a # hole in these parts.
I eat well, at least 400 a month including enough booze to cope with work.
water, lights, internet, cell... easily another 350.

add a car payment, fuel and upkeep.

up here, we need heat half the year- oil is over $2 a gallon and even a tiny furnace burns nearly a gallon an hour- using electricity.

sure, everyone has an extra grand a month to spend on criminal insurance...

a reply to: carewemust

Yep, trumpcare is really going to hurt.

a reply to: theantediluvian

I take it you missed the part where the difference comes out of the taxpayers ass anyway?

burn it to the ground, force the medical industry to start over in a land where money is earned instead of granted.

a reply to: carewemust

you get a health insurance deductible as low as $500.00.

Just above the cost your average doctor visit, including simple diagnosis and prescription for the most common ailments.

IOW, you pay the insurance cost and the treatment anyway...

Hoping to god you or your kids don't really get sick or injured.

Like Life insurance. You are betting the insurance company that you will die, they are betting you will live.

You hope they win.

Theres a reason why the three tallest buildings downtown are banks, real estate and Insurance companies.

a reply to: lordcomac

burn it to the ground, force the medical industry to start over in a land where money is earned instead of granted.

The hospitals are victimized too.

a reply to: carewemust

This is why we need a single payer system. The healthcare companies are NOT serving the customer's interests.

a reply to: carewemust

Not a Trump tax. A GOP tax for sure. I think they are cutting the heads off of the insurance racket that is going on. This kind of thing didn't happen until Obama and the Dems/GOPs #biggovernment, thought it would be a good idea to get in on the scam. I am glad to watch it burn. It shows just how many of our representatives really don't give a damn about the citizens.

originally posted by: dfnj2015
a reply to: carewemust

This is why we need a single payer system. The healthcare companies are NOT serving the customer's interests.

Who do you think helped come up with Obamacare?

a reply to: dfnj2015

How would a single payer system help anything?

We need to eliminate the 'for profit' portion of this health scam. Let's get rid of health insurance and focus on health care.

a reply to: carewemust

The deductibles are what really kill the ACA. CSR should be the model of what every deductible should be with the ACA. It's not very fair to those who make even moderate incomes. The real fun happens when you don't get any premium subsidy and a 7,000 per person deductible. No one should have to pay so much of their income just for healthcare. It's just not right.

We need to have healthcare everyone can afford and use. Neither side has got that down.

a reply to: Metallicus

We need to let the insurance market crash so that people can wake up and see that the cost of health care will come tumbling down with it. Its the insurance companies that inflate costs. Why would people think government intervention could ever help? It never does. If ObamaCare is bad, imagine how tyrannical a full-blown single payer system would be.

a reply to: theantediluvian

Uhm no.

Trump did it because a federal court in 2016 ruled the payments to insurance companies by Obama were illegal / unconstitutional. Obamacare wanted to subsidize insurance companies and asked Congress to authorize it. Congress said no so Obama used an EO to illegally fund it. The court said Congress controls the purse strings and since they declined to authorize funds for it Obama violated the Constitution by doing it himself (injury to separation of powers).

So this mess was caused by Obamas illegal actions - NOT Trump.

Unlike Obama Trump is complying with the law instead of violating it.

Jesus the lack of understanding of the ACA is astounding....

My better half is an MD and read the entire bill and works in a level I trauma center...the 5th or 6th largest in the country...

I rarely comment on the subject because it’s pointless...

If you have a job which provides insurance great...

But if you are like her and I and operate as independent contractors then you are utterly screwed...

There are zero markets where premiums have lowered...

Since 2014, she and I have had our plans bankrupted and disbanded every year...we received our most recent notice last month...
Of particular humor was the letter addressed to my toddler...I put it in her crib...not joking

Anyhow, the individual plans and personal insurance aside, the funding for research was dismantled because hospitals much pay for patient care followed by research allocation...

If anyone thinks Obamacar has any positive outcomes is an absurdist...or a selfish liberal whose own obtuse ethos of progressivism blinds them to the [former] brilliance of the Us healthcare system.

I’m not even going to offer a caveat that “oh well, it could’ve been improved”
Because I have spent decades watching my better half spend nights and weekends caring for the inner city populations who don’t have insurance...
It is her raisin d’etre...the defining motive of her entire existence...
America has NEVER turned away the sick from Emergency Rooms...i know not because of some journalism major’s ridiculous blog...but because I’ve lived it and seen it...

Now, because of Obamacare, affluent neighborhoods have non-ER “clinics” popping up everywhere...
Hell, there are 3 within 5 miles of my house...and physicians who are board certified ED Mds(let alone FACEP like my better half) are offered OBSURD hourly wages to work in what i term boutique clinics...
They do not abide by ER ethics because they do not classify themselves as such...

This is stratification of healthcare and was an OBVIOUS outcome to anyone with a brain...

So now, we find hourselves considering working a shift or 2 at a non-emergency “clinic” simply to augment our income...

Because hospitals now must cut costs and that means more DOs and foreign grads who rarely completes an American residency, let alone are board certified...

Nothing has so upset me than to see my beloved American healthcare system become stratified and bent to the wealthy on a grand scale...

Jesus I wish y’all could go on a single shift and shadow her...it’s among the saddest degradations you can imagine...

-Chris

a reply to: BELIEVERpriest

this is part of the reason Trump used an EO to allow insurance companies to be able to sell across state lines, effectively ending monopolies.

originally posted by: BELIEVERpriest
a reply to: carewemust

All Trump has to do is sign an EO neutralizing the highly illegal Individual Mandate, and people can make the choice to opt out of this sinking ship that is crony socialized healthcare.

He is making that a "must have" with the new bi-partisan short term "fix" that's being proposed. But to be honest, most people will not have to pay the penalty for not having "real" health insurance next year. The premiums will be over 9% of most middle-class worker's income. Over 9% = No IRS Penalty.

a reply to: theantediluvian

The point is, that ObamaCare treats $23,000 people better than $48,000 people. It rewards being a member of the poor working class. ObamaCare did that even before Trump was President. THAT is what I'm complaining about.