I wonder how long it will take for Obama to completely bankrupt the entire Country? after all Barack Obama believes "America is a Rich Country", Pres. Debate '08.
--- In FairfieldLife@yahoogroups.com, "ShempMcGurk" <shempmcg...@...> wrote: > > How Obamacare Will Hurt Young People by Dick Morris > > [http://www.gravatar.com/avatar/2971de6b63f404f0c8e20c809753324b?s=28&d=\ > http%3A%2F%2Fwww.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb652353\ > 6%3Fs%3D28&r=G] Posted by Dick Morris > <http://frontpagemag.com/author/dick-morris/> on Dec 21st, 2009 and > filed under FrontPage <http://frontpagemag.com/category/front-page/> . > You can follow any responses to this entry through the RSS 2.0 > <http://frontpagemag.com/2009/12/21/how-obamacare-will-hurt-young-people\ > -by-dick-morris/feed/> . You can leave a response or trackback to this > entry > [Print This Post] > <http://frontpagemag.com/2009/12/21/how-obamacare-will-hurt-young-people\ > -by-dick-morris/print/> Print This Post > <http://frontpagemag.com/2009/12/21/how-obamacare-will-hurt-young-people\ > -by-dick-morris/print/> > [Teenage Problems, Social Issues and Bullying] > > A detailed analysis of the Obama health care program now before the > Senate indicates that it will force big premium increases for all > families <http://frontpagemag.com/wp-admin/#> , especially for those > under 30 years of age. > > The study <http://frontpagemag.com/wp-admin/#> , by the consulting firm > of Oliver Wyman, concludes that premiums for individuals will rise by > $1,576 and $3,341 for families by under the bill. Young people will be > hit the hardest. The study predicted that premiums for new health > insurance policies purchased by the youngest third of the population > would rise by 35 percent under the bill. > > These increases will stem from the bill's provisions that bar > <http://frontpagemag.com/wp-admin/#> insurance companies from raising > rates on sick people and from excluding people based on pre-existing > conditions. Both of these mandates will mean higher costs for the > younger and healthier population. This bill is, in effect, a tax on the > young. > > Nor will subsidies do much to mitigate the impact. To get a subsidy > under the bill, you have to earn less than about $80,000 a year > (combined household income) and have spent between 2 percent and 10 > percent of your income on premiums <http://frontpagemag.com/wp-admin/#> > . > > So a couple making a combined income of $40,000 would have to pay about > 5 percent of their income, $2,000, before they could get subsidies. > Those making $60,000 would have to pay about 8 percent of their income > $4,800 before they could get a subsidy. > > And those making $80,000 would have to chip in 10 percent of their > income $8,000 before they would get a subsidy. > > These are hefty bills for young families to bear. > > So most won't do it. The fine for failing to have health insurance > [http://images.intellitxt.com/ast/adTypes/2_bing.gif] > <http://frontpagemag.com/wp-admin/#> is only $750. So most young people > will just pay the fine and be done with it. When they get sick, > they'll get covered and the insurance company can't charge them > a higher premium than it would have charged when they were healthy. And > it can't turn them away. > > So this bill is not a measure for full national health insurance > coverage. At best, it's a bill that will insure you when you are > sick and make the rest of us pay the bill. And, in the meantime, > you'll have to chip in $750 a year for the privilege. > > Employers, too, will find it much cheaper to pay the $750 per employee > than to buy insurance. > > Ironically, there is a good chance that this bill will actually increase > the number of uninsured. Its ban on letting insurers raise rates on sick > people will force premiums so high that many people will drop their > insurance. After all, when they get sick, they can and will easily get > their insurance back. >
