Obamacare is Killing Jobs...

Here’s a look at the health care boondoggle and how it will affect many in this nation. This comes from someone on the edge of poverty.

Obamacare: Killing Jobs and Spiking Inflation

By Jeff Soyer

We know that none of the Democrats who voted for the bill yesterday have actually read all 1900 pages of it. If they did, they are traitors to the future health of our economy. Writing in the Wall Street Journal, Betsy McCaughey lists some things you’d better know:

On Nov. 2, the Congressional Budget Office estimated what the plans will likely cost. An individual earning $44,000 before taxes who purchases his own insurance will have to pay a $5,300 premium and an estimated $2,000 in out-of-pocket expenses, for a total of $7,300 a year, which is 17% of his pre-tax income. A family earning $102,100 a year before taxes will have to pay a $15,000 premium plus an estimated $5,300 out-of-pocket, for a $20,300 total, or 20% of its pre-tax income. Individuals and families earning less than these amounts will be eligible for subsidies paid directly to their insurer.

Now. There are a lot (millions) of individuals who choose not to have insurance. Mostly they are aged 18 to 40-years-old and are in good health. If they are now forced to purchase insurance, that is (let’s use the example above) $5,300 dollars less that they will have to spend on clothing, dining out, electronic gadgets, car payments, etc.

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