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.
CNN reported:
CNN reported:
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.Where’s the anonymous shopping perk? Obamacare through the lens of history Roundtable: Obamacare and 2014 elections
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).
