The new health care law is known as the Affordable Care Act. But Democrats in Congress and advocates for low-income people say coverage may be unaffordable for millions of Americans because of a cramped reading of the law by the administration and by the Internal Revenue Service in particular...
...Under rules proposed by the service, some working-class families would be unable to afford family coverage offered by their employers, and yet they would not qualify for subsidies provided by the law....
... Under the law, most Americans will be required to have health insurance starting in 2014. Low- and middle-income people can get tax credits and other subsidies to help pay their premiums, unless they have access to affordable coverage from an employer. ...
...The law specifies that employer-sponsored insurance is not affordable if a worker’s share of the premium is more than 9.5 percent of the worker’s household income. The I.R.S. says this calculation should be based solely on the cost of individual coverage for the employee, what the worker would pay for “self-only coverage.” ...
... In 2011, according to an annual survey by the Kaiser Family Foundation, premiums for employer-sponsored health insurance averaged $5,430 a year for single coverage and $15,070 for family coverage. The employee’s share of the premium averaged $920 for individual coverage and more than four times as much, $4,130, for family coverage. ...
...Under the I.R.S. proposal, such costs would be deemed affordable for a family making $35,000 a year, even though the family would have to spend 12 percent of its income for full coverage under the employer’s plan. ...
... “The effect of this wrong interpretation of the law will be that many families remain or potentially become uninsured,” said a letter to the administration from Democrats who pushed the bill through the House in 2009-10.BWAHAHAHAHAHAHAHA!
WE EFFIN' TOLD YOU SO!
AND SO DID NANCY "WE WON"T KNOW WHAT'S IN IT UNTIL IT'S PASSED" PELOSI.
OBAMA CARE = 2000+ PAGES OF UNWORKABLE LEFTIST IDIOCIES.
THE SOONER IT'S REPEALED, THE BETTER.
AND OBAMA HAS ANNOUNCED HE WANTS TO DO MORE OF THIS AND MORE OF THE GM-BAILOUT CRAP.
VOTE ACCORDINGLY.
VOTE ROMNEY-RYAN.
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