Tuesday, February 19, 2013

The $20,000 Obamacare Myth

Jed Graham takes apart the myth that a family of four will have to pay at least $ 20,000 a year for healthcare under Obamacare:

The reported $ 20,000 cost of a low-cost ObamaCare plan was a hypothetical, not an estimate or an assumption, as should have been evident from other clearly contradictory IRS examples. For example: “The annual national average bronze plan premium for a family of 4 (1 adult, 3 children) is $ 18,000.”

Both examples can’t be true, unless an adult’s premium is $ 2,000 and a child’s is $ 5,333.

The most current information from the Congressional Budget Office and the Joint Committee on Taxation put the cost of a family policy purchased through an employer in 2016 at $ 20,000 vs. $ 15,745 last year. In 2016, average premiums for a family of four buying a silver-level plan through ObamaCare’s exchange are expected to be $ 15,400 — before subsidies. The lowest-cost bronze plan, which is far less comprehensive than typical employer policies, would cost about 85% of a silver plan, or $ 13,000.


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The $20,000 Obamacare Myth

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