Tuesday, December 29, 2015

Obama: Obamacare plans put big dent in customers' wallets

Affordable healthcare, a contentious and controversial law certain to creep into the Presidential election debate is driving uninsured rates to record lows. This price of this Utopian trend is contracting disposable income for millions of Americans. A new study suggests that customers of 'Obamacare' spend more than 10% of their incomes toward coverage. Many see coverage costs exceed 21 percent of their incomes.

A business cycle downturn, an economic contraction that's already gaining downside momentum as taxes rise, would at least maintain these percentages, or more likely boost them to socially unacceptable and economically unsustainable levels by 2020; these trends may not make it past 2017. Americans, already in the early stages of finger pointing (of blame), should communicate their frustrations in the 2016 Presidential election.

Headline: Obama: Obamacare plans put big dent in customers' wallets

You might not be reduced to living on Ramen noodles if you buy Obamacare coverage — but your bank account certainly could feel a bit leaner.

A new study reveals that many Obamacare customers pay more than 10 percent of their incomes toward coverage. And the share of income eaten up can be much greater for some people, particularly if they use a lot of health services under their plan.



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