Thursday, June 18, 2015

How much will you pay to keep Obamacare

The media worries about people who might lose subsidies when the Supreme Court rules on King v. Burwell.
Instead of worrying about those who pay more in taxes because of the law - and its implementation by the Obama administration.
For example, an estimated 15 million Americans are paying more for coverage on the individual market under Obamacare and not getting subsidies. That’s far more than the 6.4 million now receiving taxpayer help on the federal exchanges. Insurance regulations imposed by the healthcare law—age-rating rules, actuarial-value restrictions, and benefit mandates—have made insurance more expensive, and repealing them would dramatically lower the cost of coverage for everyone, subsidized and unsubsidized alike. Likely, millions of Americans now getting subsidized coverage could afford it on their own if these regulations were repealed.

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