If you make between $12,000 and $23,000 a year, you get a health insurance deductible as low as $500.00. The Affordable Care Act, aka "ObamaCare"
legally mandates that customers in this income range, pay relatively little for their medical care each year. (Under $12,000 = automatic Medicaid in
To make it easier for health insurance companies to financially handle these low deductibles, the Obama administration illegally sent them $7 BILLION
Dollars a year. This money is referred to as "Cost Sharing Reduction" payments..and is transferred from the U.S. Treasury, to health insurers, on a
Now that President Trump has terminated these illegal CSR payments, health insurance companies are increasing 2018 premiums up to 54% to
See the state-by-state chart in the middle of the page at: acasignups.net...
Without this financial "help" from taxpayers, health insurance companies have to charge what these ObamaCare "Rolls Royce" quality plans REALLY
But, the only ObamaCare customers who will pay these huge 2018 premium increases from their personal bank account, are those who earn more than
$48,000 a year.
Those who earn less, are limited to paying no more than 2% to 9% of their income...no matter how high premiums are increased. Money is sent from the
government to health insurance companies to cover the difference. These payments are the ATPC Subsidies. They were appropriated by Congress, and are
therefore 100% legal.
MY BEEF is that a 60 year old who earns $48,000 a year in Dallas, has to pay $900 a month for a $7,200 deductible ObamaCare plan, yet a 60 year old
who earns $23,000 a year pays $20 a month, for a $500 Deductible health insurance plan.
If the $48,000 guy/gal has medical claims that exceed $7,200, he/she has paid $18,000 that year.
If the $23,000 guy/gal has medical claims that exceed $500, he/she has only paid $740 for insurance/medical expenses that year.
After Federal/State taxes, the $48,000 income ObamaCare customer who needed medical care, is actually POORER at the end of the year, than the
ObamaCare customer who earns $23,000 a year. OUCH!
IMO, this is not fair to people who have achieved a modest amount of financial success. You can't "fix" ObamaCare-ACA, when injustices like this
are "baked in" to the law itself.