That is after tax payout and he doesn't own his home. So of the roughly $40,000 he takes home in a year he is now gonna pay over 10% for a Silver Plan with a $10,000 deductible. That means most of the normal expenses for a young guy raising kids; glasses, broken bones, vaccinations etc., will come out of pocket.
That is after tax payout and he doesn't own his home. So of the roughly $40,000 he takes home in a year he is now gonna pay over 10% for a Silver Plan with a $10,000 deductible."
OK - MATH TIME!
The total premium for this guy is $4428/year. Remember, even while paying that premium, he pays the first $10,000 out of pocket.
OR...
The max penalty for not being insured for this fellow in 2016 is $1425/year. He still pays out of pocket for incidental medical expenses.
BUT WAIT...
Suddenly he needs an operation. He can't be denied for "pre-existing conditions" so now he buys health insurance.
VOILA! The only danger is a sudden, catastrophic injury. In 99% of those cases, though, automobile, other liability, or homeowners insurance will assume some cost.
Seriously - once people figure out the math, they'll drop health insurance like a hot potato, thus causing rates to REALLY skyrocket.
To # 17. Your observations are right on. The “deductible” is what is going to kill the “exchange” insured.
$10,000 deductible? That’s about 1/4 of what I earn a year (job is only fundable at 30 hours a week, but does have good benefits and a much lower deductible plan).
I couldn’t afford health insurance under Obamacare nor could I afford to pay the fine because it would amount to less than one year’s cost of just one medicine I might have to take for years.
When Obama got advise from his communist physician and friend, Dr. Quentin Young, on how to create a national healthcare system, he recognized it for what it was, a plan to control the health of the American people. That is why he adopted it to his own theory for the marxist “transformation” of America.
If you can control the peoples’ health system as well as their food supply, communications - esp. the radio and TV, as well as the kind of fuel you use for transportation, heat and energy, then you can “transform” the country into whatever kind of marxist paradise you want.
Obama wasn’t raised “stupid”. He was raised “red”, and now we are paying for it.
What blue collar with a family has 10k sitting around to pay the deductible?
And what family can replace that 10k in enough time for the next event? Takes years to save.
And what if you can afford the payments, and not the 10k Deductible? Oh man, what a fiasco
and we've learned nothing yet.
I have a hinky feeling that Obamacare will make ALL those Americans without debt
become indebted to the Government much like student loans. Bye home ownership.