How Much Obamacare Costs the Average Family – by Dick Morris


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Whether or not you now have health insurance, Obama’s health care bill will cost you dearly.

If you don’t have insurance, you will be required to buy it. The legislation specifies how much you will have to pay for the coverage before any subsidy kicks in. All during the campaign, Obama kept speaking about affordable coverage. Now it appears that his definition of “affordable” might be a bit elastic.

If your household income is $66,000 a year, slightly above the national average, Obama’s health care bill will require you to spend 12 percent of your income — about $8,000 a year or almost $700 a month — to buy health insurance before you get any federal subsidy.

Even those making less will have to reach deep into their meager resources to satisfy Obama’s statutory requirement. Families scraping by on only $44,0000 a year will have to pay 7 percent of their income (about $3,000) on insurance. Even those making just $33,000 will have to ante up 4.5 percent of their income (about $1,500) for health insurance. The required payments reach so far down the scale that those who are living at the federal poverty level of $22,000 will have to shell out 2 percent of their totally inadequate incomes ($440) for insurance.

That Obama is charging premiums to those living at or on the border of poverty is absolutely incredible! And this from a candidate who pledged that he would not tax the middle class!

If you have insurance, you will get hit by his proposed 40 percent tax on insurance premiums.

When the tax — and the legislation — takes effect in 2013, all families making about $120,000 or more in combined household income (14 percent of all families or one in seven) will have to pay the tax.

By the next year, 2014, the tax will hit every family making more than $100,000 (about 18 percent of all families or one in six).

By 2019, 10 years hence, the tax will reach down to affect every family making more than $75,000 a year (31 percent of families or one in three).

The tax will take 40 percent of all premiums above $21,000.

So if you don’t have insurance, you will be socked with a mandate to buy coverage and pay a hefty proportion of your income to do it; and if you have insurance, you will be hit with an excise tax on the coverage.

(In theory, it is the insurance companies that have to pay the tax, but the Senate Finance Committee “assumes” that they will pass the tax along to their policyholders).

These costs make a mockery of Obama’s oft-repeated pledge to avoid any tax increase that would impact those making under $250,000 a year.

He finances about half of his health care plan on the backs of the elderly by cutting Medicare and inducing scarcity and the other half by premium taxes and insurance purchasing mandates on the middle and lower middle class.

  • RobertWargas

    This is typical left-wing logic: healthcare, they say, is too expensive, so we're going to require everyone to pay more for it in order to make it cheaper.

  • Proxywar

    Morally speaking, proscirbing a mandate for collectivized healthcare is analogous to slavery/indentured servitude. Which is in violation of the 13th amendment. The Irony of it all is this: 47% of Americans do not pay federal income tax. So you see, it is necessary for the government to force everyone to share in the medical expenses of “the community” but not so important for everyone to pony up for the common defense, or the air traffic control system, or the Centers for Disease Control.

  • smv

    It is sad to see Morris repeating the attack, “cutting Medicare” in the last paragraph. This was the phony attack liberals always hammer Republicans with. In the 90's, when Republicans proposed slowing the growth of Medicare, Democrats said they were “cutting” Medicare. A slow growth or an incremental increase is not a “cut”. It was not right for Dem's to make this attack, and not right for Republicans either. Democrats “cut” Medicare? Yeah right.

  • Robert Wargas

    Yes, Medicare is the hammer with which both Democrats and Republicans pummel the opposition, depending on whose agenda is at stake.

    Just think about how much money older people would have to buy health insurance with if we weren't taxing them do death all throughout their working lives.

  • bubba4

    Dick…there is nothing in here that's true. You don't bother to say where you get your numbers, which bill you are talking about, or where these provisions are.

    Pulled this gem out of your arse methinks.

  • CBreeze

    I've noticed what Bubba4 always does, his modus operandi, if you will. He simply makes ad hominem attacks on the columnist yet fails to refute any of the facts that are put forth.

    It seems to me that if I absolutely had fact on my side and could use it to counter a position of someone I opposed, I wouldn't miss the opportunity.

    Bubba4 seems to enjoy saying someone is wrong without correcting a single point made in the underlying article.

    That's called being a fraud.

  • http://www.cox.net/ ROSE

    IT IS SAD THERE ARE PEOPLE WITH SUCH SKULLS AND THE BRAIN OF DENIAL THAT THEY CAN'T COMPREHEND WHEN SOME ONE IS TELLING THE TRUTH.

    OBAMA, IS PLAYING THE U.S. FOR ALL HE CAN WHY, BECAUSE HE IS ANTI-AMERICAN AND HE HAS A MAN DATE FOR THIS COUNTRY. FASCIST, MARXIST,COMMUNIST,MUSLIM, DICTATORSHIP ALL ROLLED UP IN ONE, IT IS CALLED THE ONE WORLD ORDER.

    UNLESS YOU HAVE BILLIONS, YOU THE DENIER, WILL BE A PEA ON. SO I WOULD SAY TO ALL THAT LOVE OBAMA AND DENY OBAMA'S EVIL WORKS TO BRING AMERICAN DOWN

    LIVE IT UP AND LIKE THIS IS YOUR LAST DAY, BECAUSE IT JUST MIGHT BE.
    ALSO SAY A PRAYER YOU CAN STAND EVER THING THE EVIL MAN WILL BRING ON YOU. AND YOU WON'T GO TO HELL WITH HIM

  • bubba4

    Where did Dick get his numbers? Where did any of this information come from? What bill is he taking about?

    It's not an ad hominem attack to ask for sources…. sigh

  • bubba4

    At what point will you relax? Will it take eight years and Obama out of office before you guys will pullback on this lame sky-is-falling nonsense. You made it through eight years of Bush…so this will be a breeze.

  • Carterthewriter

    The problem is that paid protesters have infiltrated the internet and one does not wonder who they represent because their comments contain nothing supporting their stance other than to claim everyone else to be of limited mental capacity. Judge their comments for yourself and ignore the diatribe, emphatically.

    One only has to example the problems inherent with the VA Health Care system to realize what is in store for the rest of those that think government run health is sustainable without a multitude of non-profit organization lending support and plenty of space in homeless shelters.

  • coyote3

    You are correct, but it is not “morally” speaking. Morals have nothing to do with it. It is constitutionally incorrect. You do have point about the 13th amendment, unfortunately we are very limited in our ability to sue the government for the manner in which they spend tax money, but the 13th amendment is another angle.

  • coyote3

    Well, that's not so bad. We are asked, by the president, and others, to believe that they have the power to do this kind of thing in the first place, without citing any authority.

  • LindaRivera

    And a huge fine and jail for Americans who don't purchase this horrible and inferior insurance! What a huge injustice. This once was a free country.

    Americans are stressed out. Afraid of losing their jobs. Rent and house payments are much too high. Americans are struggling to survive. And for those who don't have and don't want health insurance because they need to spend their hard-earned money on food, rent and living expenses, the proposed health care is a nightmare from hell.

    And America is bankrupt.

  • bubba4

    One day, you will realize that you are unconstitutional and you will disappear in a puff of logic.

  • coyote3

    Logic? I have been logical. You are the one not addressing the issue of sources. If leaving sources out is good enough for the president, I guess it's good enough for us peones.

  • bubba4

    You always argue everything is unconstitutional…just stop…I know what you think about it. You said nothing about Morris' sources. You just piped in to remind everyone that you are ultimately right about something.

  • coyote3

    Now you are lying. I never said everything is unconstitutional. again, you will not tell me what to do, boy. I only pointed out that Morris must have a lot in common with the president.

  • ortho214john

    I can't but agree with you!

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  • bubba4

    You said, speaking of health care reform,”We are asked, by the president, and others, to believe that they have the power to do this kind of thing in the first place, without citing any authority.”

    What do you call that? Sure it would take you another post to get there and actually cite the constitution, but I just helped you out and cut you off because I'm tired of hearing it from you. Sure, you're not defending Morris' making up numbers and lying that would actually be a stance. You're just being a smart ass….boy.

    LOL…don't get your feathers ruffled, just stop responding to me.

  • ModernMan

    we always consider that its Government who need to provide safety and shelter to poor, that is true also. but being a citizen we need to help people around us so that everyone gets food and shelter to live.