Tuesday, March 18, 2014

“It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.”

Surprise Surprise: Healthcare Premiums Go Up Massively - IJ Review

Insurance premiums under the Affordable Healthcare Act are up 39% to 56% according to a new report. Across the country, families are paying an average of $663 per month and individuals are paying $274. On the extreme end, some families in California are paying more than $2,600 and more than $1,800 in New York.

These premium changes are for individual plans that do not qualify for the government subsidy. Funds from other Americans the government are available for individuals earning $45,960 per year and for families of four earning less than $94,200. A significant number of Americans, obviously, qualify for subsidies and it is expected that more than $1 trillion dollars will be provided to subsidize costs over the next ten years. To put this in perspective, median household income in America is about $51,000 per year....