"Great Day for America" Story #1
Jack and Jill live in State X with their two minor children. Both work at small businesses with less than 50 employees and, combined, earn $50,000 a year. Because of Obamacare, their employers decide to drop their employee health insurance programmes. Also, since the Supreme Court has ruled that Obamacare's Medicaid expansion is unconstitutional because the Federal government cannot mandate that states raise their taxes to pay for such or order them to expand the programme since either would violate the 10th Amendment nor can the Federal government withhold current Medicaid funding as punishment, State X has decided not to expand Medicaid or increase eligibility. As a result, Jack, Jill and their children do not qualify for Medicare; yet, under the "landmark" ruling that alleged "champions of the poor and middle class" are celebrating, all four MUST purchase health insurance from a private corporation or pay a fine of $750 per person to the Federal government every year.
Additionally, since Obamacare does not require states create exchanges nor does it contain a mechanism that would provide subsidies to individuals in states that opt out of creating exchanges nor does it permit the Federal government to use its funds to create its own exchanges in those states, Jack, Jill, and their children will be forced to purchase the government-approved policies directly from the insurance company. What Jack, Jill and their children do not expect, however, is that the new government-approved policies will have all of the "bells and whistles" whether they want them or not....and cost in the neighbourhood of $15,000 or more a year.
So, this "Great Day for America" has resulted in the following for Jack, Jill, and their two children:
1. A combined, gross income of $50,000 a year.
2. Dropped employer coverage.
3. A mandate to procure their own insurance.
4. A choice: ~$15,000 a year or a $3,000 annual fine.
Bravo, Progs! Bravo!
"Great Day for America" Story #2
Sandra is 27 years old and has just graduated from University of ABC Law School. She has $75,000 in student loan debt, which is not dischargeable in bankruptcy court, by the way. Every month -- likely for at least a decade, she will be required to pay $1300 dollars to pay off her student loans.
She has taken a position at a small law firm, which specialises in constitutional, death penalty and human rights cases. She will receive a starting salary of $40,000 per year (Money is not important to her. She considers it "the root of all evil" and believes that "good deeds" and "feelings" are what are really important). Because of the nature of the practise, the number of employees (under 50 and the employer does not have to pay a fine for failing to provide insurance), and the health insurance inflation caused by Obamacare, her employer has dropped its insurance programme for employees.
Sandra understands that, as a result of Obamacare and the "Great Day for America,"she must purchase health insurance a/k/a paying "taxes" to a private corporation or pay a "tax" of $750 as a fine for failing to do so. Because of her income, she is ineligible of Medicaid. She also is unable to purchase insurance on a state exchange or receive subsidies because her state has decided not to bankrupt itself.
Moreover, even though she is very healthy, Obamacare prohibits her from purchasing a Major Medical policy, which would cost her as little as $100 per month. Instead, she will have to purchase one of the new government-approved policies with all of the "bells and whistles" whether she wants them or not....at a cost of $15,000 or more a year.
So, this "Great Day for America" has resulted in the following for Sandra:
1. An approximate $3,333 gross monthly income.
2. $1,300 student loan repayment off the top, which she can never get rid of through bankruptcy.
3. An insurance policy that will cost more than $1,000 per month.
4. And, $1,033 -- not accounting for payroll tax deductions and other taxes -- on which to live.
5. Or, she can pay a $750 "tax" and have no insurance coverage at all.
Bravo, Progs! Bravo!