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ObamaCare: Older Workers Could Pay 25% Of Income
Investor's Business Daily ^ | Dec 26, 2013 | JED GRAHAM

Posted on 12/26/2013 6:38:57 PM PST by Innovative

A primary rationale of ObamaCare's insurance reforms limiting age-rating and precluding pricing based on health status has been to ensure that people will be able to afford health coverage when they need it most.

An IBD analysis finds that middle-class households in their late 50s and early 60s could spend 25% or more of their income on health care — before their deductible is exhausted and ObamaCare's benefits kick in.

Covered California's shop-and-compare tool shows that a 58-year-old couple in Los Angeles County with $65,000 in income buying a bronze plan would have to spend $19,400, including $9,400 in premiums and a $10,000 deductible.

Individuals can deduct medical expenses above 10% of income. Even so, the couple could still face a health care bill equal to 25% of income, before any benefits.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections; US: California
KEYWORDS: 0carenightmare; abolishobamacare; california; crappycare; democrats; healthcare; healthinsurance; incometax; losangeles; obama; obamacare; obamacaredeductibles; obamarecession; obamataxhikes; repealobamacare
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Welcome to Obamacare - punish those who work and are successful. As many of you here already know, this has nothing to do with health insurance, it's an income redistribution scheme, i.e. a major step towards socialism.
1 posted on 12/26/2013 6:38:57 PM PST by Innovative
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To: Innovative

2 posted on 12/26/2013 6:39:49 PM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative

3 posted on 12/26/2013 6:40:52 PM PST by 2ndDivisionVet (A courageous man finds a way, an ordinary man finds an excuse.)
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To: Innovative

Single page view:

http://news.investors.com/politics-obamacare/122613-684287-obamacare-middle-class-subsidy-cliff-for-older-americans.htm?p=full


4 posted on 12/26/2013 6:41:41 PM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative

A Congressman or Senator who does not advocate the impeachment of every Demonrat who voted for Traitorobamacare has by his silence joined with the traitors.


5 posted on 12/26/2013 6:42:11 PM PST by Carl Vehse
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To: Innovative

This is going to cause complete and total economic collapse. People will simply stop working. Between this and an effective tax rate of over 50% will remove all incentive to work.

Some people are going to crack up and become very very violent.

Others are going to simply give up. Why work if you get to keep nothing?


6 posted on 12/26/2013 6:44:29 PM PST by Nik Naym (It's not my fault... I have compulsive smartass disorder.)
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To: Carl Vehse

There will be elections in less than a year — no impeachment needed, just make sure all the Dems are defeated.


7 posted on 12/26/2013 6:44:50 PM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative

pure insanity


8 posted on 12/26/2013 6:44:59 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: Nik Naym

“Some people are going to crack up and become very very violent.”

This is more likely than people realize:

Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse

http://washingtonexaminer.com/be-prepared-wall-street-advisor-recommends-guns-ammo-for-protection-in-collapse/article/2541205

“A top financial advisor, worried that Obamacare, the NSA spying scandal and spiraling national debt is increasing the chances for a fiscal and social disaster, is recommending that Americans prepare a “bug-out bag” that includes food, a gun and ammo to help them stay alive.

David John Marotta, a Wall Street expert and financial advisor and Forbes contributor, said in a note to investors, “Firearms are the last item on the list, but they are on the list. There are some terrible people in this world. And you are safer when your trusted neighbors have firearms.”


9 posted on 12/26/2013 6:46:47 PM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative

Yep this is what the people were clamoring for.

It’s the law of the land...

How is that hope and change workin out for ya now?


10 posted on 12/26/2013 6:49:00 PM PST by CPT Clay (Follow me on Twitter @Clay N TX)
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To: GeronL

President Obama’s Top 10 Constitutional Violations Of 2013

By Ilya Shapiro

Forbes 12/23/2013

One of Barack Obama’s chief accomplishments has been to return the Constitution to a central place in our public discourse.

Unfortunately, the president fomented this upswing in civic interest not by talking up the constitutional aspects of his policy agenda, but by blatantly violating the strictures of our founding document. And he’s been most frustrated with the separation of powers, which doesn’t allow him to “fundamentally transform” the country without congressional acquiescence.

But that hasn’t stopped him. In its first term, the Administration launched a “We Can’t Wait” initiative, with senior aide Dan Pfeiffer explaining that “when Congress won’t act, this president will.” And earlier this year, President Obama said in announcing his new economic plans that “I will not allow gridlock, or inaction, or willful indifference to get in our way.”

And so, as we reach the end of another year of political strife that’s fundamentally based on clashing views on the role of government in society, I thought I’d update a list I made two years ago and hereby present President Obama’s top 10 constitutional violations of 2013.

1. Delay of Obamacare’s out-of-pocket caps. The Labor Department announced in February that it was delaying for a year the part of the healthcare law that limits how much people have to spend on their own insurance. This may have been sensible—insurers and employers need time to comply with rapidly changing regulations—but changing the law requires actual legislation.

2. Delay of Obamacare’s employer mandate. The administration announced via blogpost on the eve of the July 4 holiday that it was delaying the requirement that employers of at least 50 people provide complying insurance or pay a fine. This time it did cite statutory authority, but the cited provisions allow the delay of certain reporting requirements, not of the mandate itself.

3. Delay of Obamacare’s insurance requirements. The famous pledge that “if you like your plan, you can keep it” backfired when insurance companies started cancelling millions of plans that didn’t comply with Obamacare’s requirements. President Obama called a press conference last month to proclaim that people could continue buying non-complying plans in 2014—despite Obamacare’s explicit language to the contrary. He then refused to consider a House-passed bill that would’ve made this action legal.

4. Exemption of Congress from Obamacare. A little-known part of Obamacare requires Congressmen and their staff to get insurance through the new healthcare exchanges, rather than a taxpayer-funded program. In the quiet of August, President Obama directed the Office of Personnel Management to interpret the law to maintain the generous congressional benefits.

5. Expansion of the employer mandate penalty through IRS regulation. Obamacare grants tax credits to people whose employers don’t provide coverage if they buy a plan “through an Exchange established by the State”—and then fines employers for each employee receiving such a subsidy. No tax credits are authorized for residents of states where the exchanges are established by the federal government, as an incentive for states to create exchanges themselves. Because so few (16) states did, however, the IRS issued a rule ignoring that plain text and allowed subsidies (and commensurate fines) for plans coming from “a State Exchange, regional Exchange, subsidiary Exchange, and federally-facilitated Exchange.”

6. Political profiling by the IRS. After seeing a rise in the number of applications for tax-exempt status, the IRS in 2010 compiled a “be on the lookout” (“BOLO”) list to identify organizations engaged in political activities. The list included words such as “Tea Party,” “Patriots,” and “Israel”; subjects such as government spending, debt, or taxes; and activities such as criticizing the government, educating about the Constitution, or challenging Obamacare. The targeting continued through May of this year.

7. Outlandish Supreme Court arguments. Between January 2012 and June 2013, the Supreme Court unanimously rejected the Justice Department’s extreme positions 9 times. The cases ranged from criminal procedure to property rights, religious liberty to immigration, securities regulation to tax law. They had nothing in common other than the government’s view that federal power is virtually unlimited. As a comparison, in the entire Bush and Clinton presidencies, the government suffered 15 and 23 unanimous rulings, respectively.

8. Recess appointments. Last year, President Obama appointed three members of the National Labor Relations Board, as well as the head of the Consumer Financial Protection Bureau, during what he considered to be a Senate recess. But the Senate was still holding “pro forma” sessions every three days—a technique developed by Sen. Harry Reid to thwart Bush recess appointments. (Meanwhile, the Dodd-Frank Act, which created the CFPB, provides that authority remains with the Treasury Secretary until a director is “confirmed by the Senate.”) In January, the D.C. Circuit held the NLRB appointments to be unconstitutional, which ruling White House spokesman Jay Carney said only applied to “one court, one case, one company.”

9. Assault on free speech and due process on college campuses. Responding to complaints about the University of Montana’s handling of sexual assault claims, the Department of Education’s Office of Civil Rights, in conjunction with the Justice Department, sent the university a letter intended as a national “blueprint” for tackling sexual harassment. The letter urges a crackdown on “unwelcome” speech and requires complaints to be heard in quasi-judicial procedures that deny legal representation, encourage punishment before trial, and convict based on a mere “more likely than not” standard.

10. Mini-DREAM Act. Congress has shamelessly failed to pass any sort of immigration reform, including for the most sympathetic victims of the current non-system, young people who were brought into the country illegally as children. Nonetheless, President Obama, contradicting his own previous statements claiming to lack authority, directed the Department of Homeland Security to issue work and residence permits to the so-called Dreamers. The executive branch undoubtedly has discretion regarding enforcement priorities, but granting de facto green cards goes beyond a decision to defer deportation in certain cases.

It was hard to limit myself to 10 items, of course—Obamacare alone could’ve filled many such lists—but these, in my judgment, represent the chief executive’s biggest dereliction this year of his duty to “preserve, protect, and defend” the Constitution, and to “take care that the law be faithfully executed.”

Alas, things may get worse before they get better. New presidential “counselor” John Podesta’s belief in governance by fiat is no secret; in a 2010 report, he wrote that focusing on executive power “presents a real opportunity for the Obama administration to turn its focus away from a divided Congress and the unappetizing process of making legislative sausage.”

Happy New Year!

Ilya Shapiro is a senior fellow in constitutional studies at the Cato Institute and editor-in-chief of the Cato Supreme Court Review.

This article is available online at:
http://www.forbes.com/sites/realspin/2013/12/23/president-obamas-top-10-constitutional-violations-of-2013/


11 posted on 12/26/2013 6:49:58 PM PST by Dqban22
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To: Innovative

Bump


12 posted on 12/26/2013 6:51:06 PM PST by lowbridge
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To: Innovative

Affordable care act, affordable is in air quotes and smirks as the rest of the title is ransom note style clippings from magazines or crayon scrawls..
...by Obama.
We have an Andy Warhol “painting” as legislation and as a “president”.
(Hipsters just sprouted pants tents at the thought.)

/ end random boredom induced meanderings.


13 posted on 12/26/2013 6:52:26 PM PST by Darksheare (Try my coffee, first one's free..... Even robots will kill for it!)
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To: Innovative

What about the republicans who refuse to do anything of meaning about it?


14 posted on 12/26/2013 6:53:23 PM PST by cableguymn (It's time for a second political party.)
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To: Nik Naym
Some people are going to crack up and become very very violent

That will make it impossible for them to receive any kind of subsidy as felons and DV violators are excluded.*

15 posted on 12/26/2013 6:55:34 PM PST by steve86 (*Some things aren't really true but you wouldn't be half surprised if they were.)
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To: All

Another excellent article:

How ObamaCare Saves 30 Million From Being Uninsured While Leaving 30 M Without Coverage

http://www.freerepublic.com/focus/f-news/3105634/posts


16 posted on 12/26/2013 6:59:07 PM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative

In my case, bi-weekly premiums of $492...nominally $13k in premiums from before tax income. Must pay the sum of all deductibles for persons covered with after tax money...$7k of after tax before getting a penny of benefits from the premiums. That $7k after tax represents $12.5k gross (pre-tax). Roughly $25,000 a year if I need any medical services and $13k if I don’t use any. Such a deal!


17 posted on 12/26/2013 6:59:56 PM PST by Myrddin
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To: Innovative

Obama’s Holocaust, ya think?


18 posted on 12/26/2013 7:00:01 PM PST by ExTexasRedhead
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To: CPT Clay

Hope and change has not shown it’s ugly face yet. It will show it by middle of 2014 when notifications from insurance companies begin.


19 posted on 12/26/2013 7:00:46 PM PST by entropy12 (Zero thanks to all who stayed home and helped elect Acorn lawyer Zero.)
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To: Darksheare

20 posted on 12/26/2013 7:02:03 PM PST by entropy12 (Zero thanks to all who stayed home and helped elect Acorn lawyer Zero.)
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