How Much Will Obama Care Cost Each Individual?

Obama care will not 1% of your income in 2014. Obama care cost is not known for each individual because the states haven’t made their healthcare exchange showing the cost. The 1% people are saying is the cost of Obama care is not the healthcare cost. Actually it’s the penalty they are claiming is the cost of Obama care and, the news like Fox news, is promoting this which tells me the main stream news is trying to keep people confused on the true costs.

Tracy O / Foter

Fox news reported this as your cost for Obama care
In 2014 you will pay 1% of your income towards Obama care
In 2015 you will pay 2% of your income or a $325.00 penalty
In 2016 you will pay 2.5% of your income or $695.00 penalty

The above is actually the penalty cost if you don’t sign up for Obama care. They seem to purposely leave out this part.
In 2014 you will pay 1% of your income towards Obama care as a penalty
In 2015 you will pay 2% of your income or a $325.00 penalty or which ever one is greater
In 2016 you will pay 2.5% of your income or $695.00 penalty or which ever one is greater

As you see this is the penalty for not signing up. States will determine cost per person for healthcare because the States have to set up the exchanges which tell you what you will pay for healthcare. If Obama care had set costs for healthcare it would be shown to the public by the Obama care bill. But it doesn’t because, the states decide what you will pay. You will not know the cost once you see the exchange your state makes. Don’t be dumb and, wake up, stop believing what the main stream news say’s.

Average cost per premium for a single person is $3,000 dollars a year, or $250.00 a month. Usually the company you work for pays a portion of this and you pay the difference. Are you that gullible to think if you make $36,000 dollars a year 1% of this will pay for your healthcare insurance. 1% of $36,000 dollars is $360 dollars. What this means is someone has to make up the difference of the average premium costing $3,000 dollars a year. $3,000 dollars minus $360 dollars is $2,640 dollars. Someone must pay for this $2,640 dollars.

There is no mandate to stop premiums from going up, meaning insurance companies can raise the cost for premiums which they will do. Why will they raise the premiums? because the Government signed you on to it and, the government will subsidize the insurance companies by your taxes. That’s why Obama care is a tax. How much will Obama care cost each individual is yet to be seen, but, be sure to know the cost to you will go up. In 2016 the penalty goes up to 2.5% of your yearly income or $695.00 which ever one is greater.

The reason Obama raised taxes in certain areas is to fund Obama care with subsidies but, these subsidies are for only poor people. They want each state to expand Medicaid to get more people under medicaid and make more people go under Obama care. Subsidies will end for families who make $50,000 dollars a year or more. Meaning the federal government will not include people who make over $50,000 dollars a year with any subsidies who are in a state healthcare exchange.

Another over looked problem. If you work for a company who offers healthcare and you decide to get married and your new wife has insurance under a state exchange insurance program, she will no longer be allowed to get subsidized insurance from the state, she will be kicked off of it. Which means she will have to pay for health insurance herself which is more expensive or go under her husbands insurance which will increase his premium.

Obama Care expands Medicaid, medical care for the poor, to everyone under the Medicare age of 65 who has income less than 133% the federal poverty level. States must pay this medicaid to all these new people who will fall under Obama care. But, federal government promises to reimburse costs of newly eligible patients under this program 100% until 2016 then they will pay 90%. States will need to come up with an additional 10% of cost at this time.
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