Sunday, November 24, 2013

CNN analysis: No Obamacare subsidy for some low-income Americans

CNN on the scam that keeps on giving! Thought you might get a subsidy if you make less than $46,000 to purchase ObamaCare??? You might not:
One of the basic tenets of Obamacare is that the government will help lower-income Americans -- anyone making less than about $45,900 a year -- pay for the health insurance everyone is now mandated to have.

But a CNN analysis shows that in the largest city in nearly every state, many low-income younger Americans won't get any subsidy at all. Administration officials said the reason so many Americans won't receive a subsidy is that the cost of insurance is lower than the government initially expected. Subsidies are calculated using a complicated formula based on the cost of insurance premiums, which can vary drastically from state to state, and even county to county.

That doesn't change the fact that in Chicago, a 27-year old will receive no subsidy to help offset premiums of more than $165 a month if he makes more than $27,400 a year.
You want to watch the video and read this one. ObamaCare needs 38% of the pool to be young. Who knew that federal tax credits aren't uniform but based on where someone lives! Justice Roberts and Strongman Obama sure did re-write the U.S. Constitution. Goodbye 14th Amendment.