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

By Adam-Aigner Treworgy, CNN
updated 5:21 AM EST, Sat November 23, 2013


Washington (CNN) -- 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.

In Portland, Oregon, subsidies for individuals making just $28,725 a year phase out for those younger than 35 years old.

The subsidies situation is adding another layer of complications and calculations to the already-complex picture of Obamacare.

And Obama administration officials had promised that the threshold for government assistance would be higher.

Subsidies are based on a formula set by law, applying to individuals with annual incomes of one to four times the poverty level -- or $11,490 to $45,960.

The percentage people have to pay for insurance increases on a sliding scale, with those making $11,490 paying no more than 2% of their income, and those making $45,960 paying no more than 9.5% unless they choose to select a more expensive plan.

Back in April, Health and Human Services Secretary Kathleen Sebelius told a congressional subcommittee that any individual making under that $45,960 threshold -- or four times the poverty level of $11,490 for an individual -- would qualify for "an upfront tax subsidy."

"Somebody who's making $25,500 would definitely qualify for a subsidy if he or she is purchasing coverage in the individual market," Sebelius added.

Despite the secretary's assurance, a 25-year-old living in Nashville, Tennessee, making $25,500 will not qualify for a subsidy, for example.

An administration official, presented with the data that many low-income Americans would not receive a subsidy, argued that lower premium costs meant the market was working.

http://www.cnn.com/2013/11/22/politics/obamacare-subsidies

Obama Lied, Your Subsidy Died Wrote:
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> 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.

And that's a bad thing...how?

If you like your subsidies, you can keep them. Psych!

Because it's bullshit which they use a lot in the same way to present it as having reduced costs.

Note the "initially expected." They're only lower than the increases which were projected earlier to result from the law, NOT lower than the actual costs prior to.

"Pay up young uns! You gotta pull the weight for me and Moonbeam!"

What you talking about Willis?
Attachments:

When are low and middle class White left-wingers going to realize that socialism doesn't really benefit them in a racially diverse society?

Sure, in a nearly 100% White country with a relatively small population and a larger ally to rely on for security, socialism might work relatively well (at least for a few decades until the declining demographics and debt ruin your communist spending spree).

But in a country like the USA that's now only 63% White with a population of around 325 million? Uh, newsflash: The Left views ALL White people (regardless of class) as evaaaaal raaaacist oppressors and as tax slaves.

The Left wants to steal your money through taxes, deny you school admissions, jobs, promotions and other government handouts in order to advance low-IQ brown and black people.

What don't you self-hating dumbfucks understand about that? Isn't it blatantly obvious?

The Left hates you. They want to dispossess you of your wealth and your nation in order to create a national and eventually global communist utopia. They want to make you racial minorities in your own towns, cities and nations and then tax and discriminate the fuck out of you.

Why the fuck would you vote for that unless you hated yourself and your own race?

You need to get over your aversion to the GOP "Rednecks". Yeah, their love of NASCAR, hunting and the Bible might not be your cup of tea. But a mass influx of racially conscious liberal Whites would transform the Republican Party into a vastly superior party than the "brown power" communist DNC.

Let me guess, Obama is a liar and an incompetent manager. Well, America. You voted in a freshman Senator who had never run so much as a boy scout troop, whose sole claim to fame was having worked as a "community organizer" (whatever the fuck that is), and a lecturer at a law school. Then you voted his lying ass in again. You get exactly what you deserve. Next time, I think a restaurant manager might be better pick, you know, having run an organization and all.

Obama's doing a fine job. Its nice to have adults in charge.

FDR Wrote:
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> Obama's doing a fine job. Its nice to have adults
> in charge.


Where?