Obamacare Is Sucking Up To 10% Of Americans' Incomes

The latest dilemma facing economists is why "unequivocally good" low oil prices haven't sparked excuberant consumer spending across America. We have discussed the simple (though awkward for the establishment) answer many times - soaring costs for 'shelter' and healthcare have hoovered up every penny saved (and more); and now, a new study proves it- exposing the reality that many Obamacare customers pay more than 10 percent of their incomes toward coverage (and some paying considerably more).

The shocking findings show that, as CNBC summarizes, One in 10 Obamacare customers who earn between just two and five times the federal poverty level will have coverage costs that exceed 21 percent of their incomes, an analysis by the Robert Wood Johnson Foundation and the Urban Institute found.

And the median Obamacare customer who earns in that range spends more than 10 percent of their income on monthly premiums and out-of-pocket health expenses, the analysis found.

"Many who have modest incomes have high financial burdens even with average medical expenses," the report said.  

"For those at the top of the [health] spending distribution, financial burdens are very high."

"You start to get hit pretty hard," said John Holahan, an Urban Institute fellow, and co-author of the report.

So in case you were wondering why your 'pocket book' never improved - it's simple - the commandeerer in chief's plan has sucked up all your extra savings.

*  *  *

Full Urban.org Study below:

Obamacare Costs

Comments

[Reginald Blome]

O'bummer care has worked out FANTASTIC for me. For me by example and my wife  (both 30s-ish) we pay only $1400/mo.

What's awesome is that almost nobody accepts the plan and the couple times we've needed it, we get sent supplementary bills afterward for the portion the hospital didn't get paid.

Oh! I almost forgot the best part, the co-op providing this sorely needed service to mankind has been unfortunately able to make ends meet apparently,  so they're in administration, closing up shop as of 12-31, and I need to drop what I'm doing and navigate wtf to do with this whole disaster clusty.

My frustration aside, I know from being a longtime comments lurker here that many have done the homework to figure out the least assfisty way to deal with this. Any suggestions kindly appreciated.

[africoman]

Assuming it is dificult to kickout those fucin leaders, get the fuck out of a corporation called U.S.A and live the rest of your life let's say Africa.If you work it is nice place to live why bother paying $1400/mon why don't u invest there.

[africoman]

Assuming it is dificult to kickout those fucin leaders, get the fuck out of a corporation called U.S.A and live the rest of your life let's say Africa.If you work it is nice place to live why bother paying $1400/mon why don't u invest there.

[onmail1]

cabalA$$LickerLiarAddictObamma : 'Ha ha ha , I will screw everyone'