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.
Then there’s the fact that if an illness prevents you from working while you recover....you still have to pay your premium......figure that!
Yeah but sometimes it is an emergency. A midnight trip to the ER and a bunch of tests, couple day stay in the hospital, etc. Trust me, you do not want that bill. A friend just had that happen. 70k in bills and they keep rolling in.
What you’ve pointed out is that every day and with every comment there are more pitfalls to be exposed with the monstrous mistake that was passed by all democrats even though none of them read it.
From this list it looks like the same people who don’t have insurance now are still going to be exempted and run to emergency rooms.....wasn’t this suppose to be why Obamacare was in the first place???? To make sure everybody had insurance....what a farce! If you’ve had a shut off notice for utilites you’re exempt!!!
“hardship” exemptions:
You were homeless.
You were evicted in the past 6 months or were facing eviction or foreclosure.
You received a shut-off notice from a utility company.
You recently experienced domestic violence.
You recently experienced the death of a close family member.
You experienced a fire, flood, or other natural or human-caused disaster that caused substantial damage to your property.
You filed for bankruptcy in the last 6 months.
You had medical expenses you couldn’t pay in the last 24 months.
You experienced unexpected increases in necessary expenses due to caring for an ill, disabled, or aging family member.
You expect to claim a child as a tax dependent who’s been denied coverage in Medicaid and CHIP, and another person is required by court order to give medical support to the child. In this case, you do not have the pay the penalty for the child.
As a result of an eligibility appeals decision, you’re eligible for enrollment in a qualified health plan (QHP) through the Marketplace, lower costs on your monthly premiums, or cost-sharing reductions for a time period when you weren’t enrolled in a QHP through the Marketplace.
You were determined ineligible for Medicaid because your state didn’t expand eligibility for Medicaid under the Affordable Care Act.