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re: I am stunned that 87% of Obamacare enrollees are getting subsidies

Posted on 7/17/14 at 4:09 pm to
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51675 posts
Posted on 7/17/14 at 4:09 pm to
quote:

Here I was thinking that the main people who were benefiting from this law were middle and upper class people who were denied coverage due to prior sickness.


BWAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAA!!!

Oh... wait... You were serious??

The ACA was always nothing more than government taking over an industry so the party in control could buy votes by saying "look at what we're giving you". It's why so many fiscally responsible people were so doggedly against it. It's a failing proposition that stood only on the most shaky of math.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41200 posts
Posted on 7/17/14 at 4:14 pm to
quote:

I thought the tax credits were separate support systems?


Americans who bought plans on the Obamacare exchanges are entitled to premium assistance tax credits on a sliding scale, if they earn up to 400 percent of the federal poverty level. For 2014, the income limit tops out at $45,960 for an individual, and $94,200 for a family of four.

In a report published in Health Affairs, researchers at UC Berkeley and UCLA calculated that in California, three out of four subsidy recipients will likely see their income change more than 10 percent year-over-year, and that will result in about a third having to make repayments. According to the researchers, for about one in 10, it could amount to a full repayment because their higher incomes will put them above the 400 percent poverty level.
How much you'll have to repay depends on your income. For those earning below the 400 percent of poverty limit, maximum repayment requirements range from $300 to $1,250. Those with income gains that put over the 400 percent limit will have to repay the full amount of the tax credit.


And those figures represent those that were accurate with their Obamacare signups.


Obama subsidies could hurt at tax time
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51675 posts
Posted on 7/17/14 at 4:24 pm to
The National Average Wage Index for 2012 had the national average wage at $44,321.67. The median income for 2013 was $51k. What this boils down to is the ACA, BY DEFAULT, pays subsidies to at least half of wage earners. Now subtract from that the amount of citizens that were able to stay on their employer's insurance and it only makes sense that a high percentage get subsidies (although the number is much higher than I would have thought).
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69309 posts
Posted on 7/17/14 at 4:26 pm to
quote:

The National Average Wage Index for 2012 had the national average wage at $44,321.67. The median income for 2013 was $51k.
My question is this: do families that have this level of income really need subsidies?

85% of Americans were able to find afordable coverage before the ACA
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51675 posts
Posted on 7/17/14 at 4:27 pm to
quote:

My question is this: do families that have this level of income really need subsidies?


Whatever they needed, it damned sure wasn't the ACA.
Posted by davesdawgs
Georgia - Class of '75
Member since Oct 2008
20307 posts
Posted on 7/17/14 at 4:53 pm to
quote:

I am stunned that 87% of Obamacare enrollees are getting subsidies


I'm not. For liberal progressives it's all about placating the ignorant masses with government dependency to keep that lock-step voting block. In other words it's all about power through control.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69309 posts
Posted on 7/17/14 at 5:10 pm to
This is subtle dependency; the plans are still technically private
Posted by deltaland
Member since Mar 2011
90657 posts
Posted on 7/17/14 at 5:28 pm to
quote:

It's not a subsidy; it's an advanced tax credit. It's actually based on a previous year's income.


It's a subsidy because the Government still has to pay the amount of the credit to insurance companies.
Posted by GumboPot
Member since Mar 2009
118850 posts
Posted on 7/17/14 at 6:55 pm to
quote:


Hlbig vs. Burwell. A ruling is imminent.


quote:

seems like we have been hearing that for a month



We have.


The funny thing is congress intentionally wrote in the legislation that states that do NOT implement state run exchanges will not be eligible for subsidies. Subsidies were the carrot congress was dangling in the states' faces to entice them to implement the exchanges.

Now that the initial phases of the ACA are in full effect the federal government has neglected the law and are doling out subsidies to the 34 states that have not implemented exchanges despite the plan language In the law..

We are now at the point with the ACA where the federal subsidies are essentially required for the long term survival of Obamacre. Without the subsidies low income families (much more than half) won't be able to afford health insurance.

So here we are, with tremendous pressure on the judicial system to perform legal gymnastics to rule in favor of HSS which will be plainly tantamount to legislating from the bench.
This post was edited on 7/17/14 at 6:57 pm
Posted by MFn GIMP
Member since Feb 2011
19350 posts
Posted on 7/17/14 at 7:31 pm to
quote:

Subsidies are available for people earning up to 400% of the poverty level.


In Kentucky we don't count SSI or child support received as income. I'm not sure if it is the same in other states but if so then that 400% of the poverty level is actually even higher.
This post was edited on 7/17/14 at 7:32 pm
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71160 posts
Posted on 7/17/14 at 7:48 pm to
quote:

My question is this: do families that have this level of income really need subsidies?


They do now.

quote:


85% of Americans were able to find afordable coverage before the ACA


Key words: before the ACA.
Posted by ItNeverRains
37069
Member since Oct 2007
25472 posts
Posted on 7/17/14 at 7:52 pm to
I remember when I single making around 45k as an independent contractor. I remember those nights of hunger pains because of my health insurance premiums. Now, no more beans and rice for me...

Thanks BO



















Posted by redandright
Member since Jun 2011
9619 posts
Posted on 7/17/14 at 7:55 pm to
And then it'll go to SCOTUS
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41200 posts
Posted on 7/28/14 at 6:34 pm to
quote:

I am stunned that 87% of Obamacare enrollees are getting subsidies


The survey finds that nearly half (46 percent) of Exchange enrollees say they are getting financial help from the government to help pay their monthly premium, which is substantially lower than official data (according to the Department of Health and Human Services, 87 percent of those selecting a plan in the Marketplace qualified for a premium tax credit).


So if 87% are getting a government subsidies and only 46% say they are getting them, does that seem to be a problem?

quote:

Multiple factors may be contributing to this apparent under-reporting on the survey, but it is likely that at least some individuals receiving government financial help may be unaware that the government is paying a portion of their premium.


Maybe some of those 2.1 million Americans getting subsidies and not knowning it aren't eligible?
Posted by Rawdawgs
Member since Dec 2007
910 posts
Posted on 7/28/14 at 7:04 pm to
Tough to slow the FSA. (Free shite Army)
Posted by Reubaltaich
A nation under duress
Member since Jun 2006
4967 posts
Posted on 7/28/14 at 7:42 pm to
Remember them telling us that for obama-scam to work, its going to need tons of healthy young adults paying into it to make it work?

Right now, most of the new enrollees are sick, old and diseased folks who are getting welfare checks from the taxpayer.
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