Wednesday, September 19, 2012

What A Shock: ObamaCare To Hurt Middle Class

From The Associated Press: Nearly 6 million Americans — significantly more than first estimated— will face a tax penalty under President Barack Obama's health overhaul for not getting insurance, congressional analysts said Wednesday. Most would be in the middle class.
The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises.
The numbers from the nonpartisan Congressional Budget Office are 50 percent higher than a previous projection by the same office in 2010, shortly after the law passed. The earlier estimate found 4 million people would be affected in 2016, when the penalty is fully in effect.
That's still only a sliver of the population, given that more than 150 million people currently are covered by employer plans. Nonetheless, in his first campaign for the White House, Obama pledged not to raise taxes on individuals making less than $200,000 a year and couples making less than $250,000.
And the budget office analysis found that nearly 80 percent of those who'll face the penalty would be making up to or less than five times the federal poverty level. Currently that would work out to $55,850 or less for an individual and $115,250 or less for a family of four.
Average penalty: about $1,200 in 2016.  http://www.google.com/hostednews/ap/article/ALeqM5jmIII4FgDvIW-bij_fdHF4v0Whbw?docId=48328c71af0241c39aef95fda77612f7
To those who say ObamaCare doesn't hurt the poor, middle class and everyone either is an Obama Kool aide drinker or smoking crack.
Besides the penalties (or tax) health insurance premiums and co-pays are skyrocketing.  Obama touts his plan as having free medical care for women and others, but the jackass doesn't tell you that nothing is for free.  Only the stupid believe they are getting something for nothing, but those of us who pay the health insurance and co-pays know what is really happening- the middle class are being hit hard financially by ObamaCare.
But again, only the dye in wool liberals and the stupid are the ones voting for Obama and they don't care what it costs to the middle class and the poor.

No comments:

Post a Comment