The Right Coast

Editor: Thomas A. Smith
University of San Diego
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Wednesday, July 31, 2013

Individuals can't afford ObamaCare | Las Vegas Review-Journal

The rates won’t be finalized until Sept. 1, and those who purchase coverage through the exchange can qualify for tax credits to offset some of those costs. But for those working part-time and temporary jobs to get by, and for the young and healthy, even subsidized premiums will be unaffordable. They’ll pay the penalty tax and remain uninsured.

Last month, researchers from Harvard University and the City University of New York estimated that about 300,000 Nevadans will remain uninsured after ObamaCare takes effect, a figure that matches the state’s own projections. Nationally, the researchers estimate that about 30 million Americans will decline coverage.

Such a lack of participation would send premiums even higher and collapse the exchanges. This design flaw is one reason why the federal government is spending $700 million marketing ObamaCare to persuade Americans to sign up. It won’t work. There’s no sweetening this lemon.

via www.reviewjournal.com

http://rightcoast.typepad.com/rightcoast/2013/07/individuals-cant-afford-obamacare-las-vegas-review-journal.html

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Comments

It seems just yesterday that anyone expressing reservations about Obamacare was held to be some sort of fascist.

I bet la Clinton is glad now that Hillarycare sank all those years ago.

Posted by: dearieme | Jul 31, 2013 10:34:07 PM