Saturday, October 7, 2017

Obamacare spiral

We have 43% of the upper middle class paying for health services of the lower 57%.    Premiums are taking another leap, thus pushing more of the middle class into the subsidized class and shrinking the subsidizer class.
According to Mark Farrah Associates, a health care analysis firm, as of 2017 there were 17.6 million people in the individual market, 5.4 million of whom bought policies outside the health exchanges, where premium help is not available. Combine that with the percentage of people who bought insurance on the exchanges but earned too much (more than four times the federal poverty level, or about $48,000 for an individual) to get premium subsidies, and the estimate is 7.5 million, or 43 percent of the total individual market purchasers, according to insurance industry consultant Robert Laszewski.

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