A new study reveals that many Obamacare customers pay more than 10 percent of their incomes toward coverage. This becomes a lot more if these customers use a lot of health services under their plan.
- One in 10 Obamacare customers who earn between just two and five times the federal poverty level will have coverage costs that exceed 21 percent of their incomes, an analysis by the Robert Wood Johnson Foundation and the Urban Institute found.
How does the government want to fix this? I think Carly Fiorina said it best during one of the Republican debates. The government causes a problem and then has to fix that problem by making more problems. The article I found this information from proves this point:
- One suggestion the report makes is to link the premium subsidies that most Obamacare customers get to the price of “gold” plans, instead of to the price of the less expensive “silver” plans. Obamacare plans are designated by metal tiers — platinum, gold, silver and bronze. Platinum plans cost the most in terms of premium, but cover the biggest share of health costs. The others cost less, but cover fewer health costs.
- The report also suggests that low-income customers could get higher amounts of assistance paying their out-of-pocket costs.
- A third suggestion is to put a cap on the percentage of income that people who earn more than four times the poverty level would have to pay for Obamacare plans.
All this is paid how? That’s right, higher taxes. It’s a dog chasing his own tail.