Wednesday, November 29, 2017

The other name is bankruptcy

Doug Badger at NRO discovers Obamacare is in deep spiral.  As the premiums increase, the greater proportion are subsidized and fewer people pay.  Ultimately we will al be subsidized by the whom? No one, we have to accept the Obamacare losses, there is no Magic Walrsus to save it.


But that number includes people with employer coverage. Obamacare premiums are so high that they often exceed that threshold even for families with relatively comfortable earnings. For a 35-year-old couple, subsidies end at about $65,000 in income — but Bronze-level coverage costs an average of nearly $7,800, according to the Kaiser Family Foundation’s premium calculator. This premium will exceed 8 percent of the couple’s income unless their earnings approach $97,400. A 31-year-old couple with a toddler loses subsidies at an income of about $82,000, but would have to pay more than $9,800 for a Bronze plan — meaning they would be exempt from the penalty unless their earnings total nearly $123,000.

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