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Obama care savings understated in press

Pundits right and left attack find Obamacare to be an easy target - because they haven't taken time to calculate the effect of subsidies and tax credits
I just have a few quick examples here and a link, based on a few phone calls made by Alternet, but they are confirmed by an official source:

Steven Rosenfeld of Alternet writes: "...so much of the Obamacare media coverage has not mentioned the combination of cheaper policies and additional subsidies. HHS spokeswoman Joanne Peters confirmed the savings and subsidies paid to insurers."


In the 36 states where no health care exchanges are available, on line enrollments would have scenarios like the following:

"...a single 27-year-old would pay an average of $214 a month for the lowest-cost silver plan before the tax credit. After the credit is applied, it would cost $145 a month, which is an additional 33 percent discount. The federal government would pay the difference of $69 a month directly to the insurer, which, is a boon for their business but also saves that 27-year-old $828 a year in out-of-pocket expenses.

For families with children, the savings could be thousands a year. A family of four with an income of $50,000 would find the lowest-cost silver plan averaging $774 a month, the HHS analysis said. But they would receive a $492 monthly credit, which is 64 percent off that price, and end up paying $282 a month. That's a $5,904 annual subsidy.

The subsidies would be given to housholds earning between 100 percent and 400 percent of the federal poverty level. In 2013, that's individuals makig $11,490 to $46,000; two-person families earning between $19,530 and $78,120; and four-person families making between $23,550 and $94,200. These thresholds are revised yearly by the government."

quoted directly from
 http://www.salon.com/2013/09/26/obamacare_prices_could_terrify_the_gop_partner/

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yes. 01.Nov.2013 12:29

hb

Yes, people who couldn't afford insurance before, now have to pay for insurance, plus a stupid government bureaucracy to run it as well.