"Free" ObozoCare? Not by a long shot.
The subsidies will limit the cost of a benchmark health plan to 2% to
9.5% of household income. But even with the subsidies, health insurance
still will be expensive.
For example, someone making roughly $12 an hour — $25,000 a year —
could pay an estimated $1,703, or about $142 a month, for the benchmark
plan, despite receiving $1,328 in federal subsidies, based on a calculator developed by the Kaiser Family Foundation, a health policy organization.
He or she also could face out-of-pocket expenses as high as $5,200 a year.
The person could opt for a less expensive plan that costs $1,186 a
year, or about $99 a month, with higher out-of-pocket expenses. And
people under 30 and those who cannot find a plan that costs less than 8%
of their income will have the option of buying less expensive plans
designed to cover catastrophic expenses.
The subsidies are larger for people with incomes below 200% of the
federal poverty threshold — about $23,000 for an individual. But the
subsidies drop sharply for people with incomes above 300% to 350% of the
federal poverty level — about $34,500 to $40,215 a year for one person.
There are those that think Obozo is perfectly happy with this, because the pain will "force" him to go single-payer--i.e., Gummint will be the only insurer. That's what the Totalitarian-in-Chief would like, of course.
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