Screwed Again… Obamacare Leaves Youth Voters Without Subsidies to Pay for Insurance
The youth voters made their bed.
Now they can lay in it.
Obamacare will leave many young Americans without subsidies to pay for the insurance they don’t want.
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.
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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.
Then there’s this.
Democrat officials built Obamacare with the assumption that 38% of its makeup would be young healthy Americans. So far only 21.6% of the enrollees fit into that bracket (If you believe the Obama administration’s numbers).