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On average, US workers with on-the-job individual coverage contribute $999 a year in pre-tax dollars and have a deductible of $1,135, according to the Kaiser Family Foundation. On ObamaCare exchanges, all but the lowest earners will pay more (even after subsidies), pay with after-tax dollars, face deductibles of $3,000 to $5,000 for silver and bronze plans and lose access to many doctors and hospitals they’re covered for now.
How many people will this change clobber? Well, about 60 million Americans now get employer-provided insurance via small-group plans. Law firms and other high-end businesses are unlikely to drop coverage, but companies with lots of salespeople, receptionists and other lower-paid workers will say they can’t afford Washington’s “one size fits all” requirement — which, the Heritage Foundation reports, adds an estimated $1.79 an hour to the cost of a 40-hour worker (and more than $2 an hour in states like New York and New Jersey, where health care is more expensive).
Even the chance that ObamaCare’s “employer mandate” will go into effect in 2015 isn’t apt to deter employers from dropping coverage. The penalty for not complying with the mandate would add only 98 cents an hour for a 40-hour worker — a bargain compared with the $1.79 cost of providing coverage plus the enormous amount of red tape, reporting requirements and fees that ObamaCare piles on employers who provide coverage. In truth, the law discourages employers from insuring their workers, making it far easier and cheaper to send them to the exchanges.
The young adults are not even signing up for it and they're the main ones Obamacare was designed for
Maybe they are more concerned with their college tuition or just their average monthly bills much less worrying about their health just yet.
Hell when I was in my 20's, I never had health insurance on my mind
That's Right, Obama figured his young mindless followers that had been initiated in the Public School system would be stumbling over each other to sign up for Obamacare.
Unlike the mainstream media, a majority of Millennials are able to see through the scam that is ObamaCare. Only 18% think it will improve healthcare, while 40% believe healthcare will worsen. A majority of 51% have figured out that ObamaCare will increase the cost of insurance. Only 34% believe the opposite.
White House previously claimed they would need 40 percent of these “young invincibles” to buy insurance through the federal exchange. But when Lui asked what number they would need to make Obamacare work, Emanuel sang a markedly different tune. “Actually, at about a quarter it’s probably good enough,” he asserted.
AngryCymraeg
I see that more people have drunk the anti-Obamacare crazy juice. Pitiful.
AngryCymraeg
I see that more people have drunk the anti-Obamacare crazy juice. Pitiful.
AngryCymraeg
I see that more people have drunk the anti-Obamacare crazy juice. Pitiful.
Kangaruex4Ewe
It's cherry and tastes much better than the Pro-Obamacare crazy juice... which just tastes like cyanide juicy juice mixed with cheerwhine.
AngryCymraeg
I see that more people have drunk the anti-Obamacare crazy juice. Pitiful.
dukeofjive696969
Oh oh another romneycare doom thread, can you guys get proof or facts, not just the typical doom porn, seriously its comedy, scaring people with made up numbers lol
Romneycare isint going anywhere
dukeofjive696969
Oh oh another romneycare doom thread, can you guys get proof or facts, not just the typical doom porn, seriously its comedy, scaring people with made up numbers lol
Romneycare isint going anywhere
You from Canada?
If so, Stay, because you didn't read the source of the OP did you, like most Liberal's, jump in accuse and rant!
Robert Laszewski—a prominent consultant to health insurance companies—recently wrote in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.” How can this be? Because insurance companies won’t bear the cost of their own losses—at least not more than about a quarter of them. The other three-quarters will be borne by American taxpayers.
For some reason, President Obama hasn’t talked about this particular feature of his signature legislation. Indeed, it’s bad enough that Obamacare is projected by the Congressional Budget Office to funnel $1,071,000,000,000.00 (that’s $1.071 trillion) over the next decade (2014 to 2023) from American taxpayers, through Washington, to health insurance companies. It’s even worse that Obamacare is trying to coerce Americans into buying those same insurers’ product (although there are escape routes). It’s almost unbelievable that it will also subsidize those same insurers’ losses.
It now looks like ObamaCare will hurt twice as many people as it helps — because the law isn’t nearly done with canceling people’s insurance.
The 5 million-plus Americans who’ve seen their health plans canceled thanks to ObamaCare will be joined by millions more this year — because the Affordable Care Act makes their employer-provided policies illegal, as well.