There is a looming scandal within Obamacare that the press is either too stupid to figure out or is so in the bag for Obama that they are unwilling to tell you about it. On this one, it may actually be the former. But, the good news is, you won’t have to take your humble blogger’s word for it. You can simply check it out yourself.
One of the keys to Obamacare is the so-called insurance exchanges set up by the states (or the federal government if a state refuses, as most have so far). As you would imagine, uber-liberal California is setting up an exchange. Obama has promised many times that his mega law would make health insurance available and affordable for everyone. He was so confident in the affordability part of his promise that he even named his law “The Affordable Care Act.”
Well, not so fast. The California Insurance Exchange has now set up a website that includes an insurance premium calculator that allows you to calculate just how much your “affordable” insurance under Obamacare is going to cost you. I invite you to play around with it at the CoveredCA website. Again, don’t believe me – run the numbers yourself.
I ran the calculator for a family of 4, with 45 year old parents, making $100,000 a year. While $100,000 may sound like a lot, we’re not talking about Wall Street robber barons here. The average elementary school teacher at Hillsborough City Elementary School in San Mateo makes $86,994 (source: Sacramento Bee). Furthermore, ask anyone who lives in California just how far $100,000 before taxes actually goes.
Using those numbers in the California Health Insurance Exchange premium calculator yields a monthly estimated premium of $1,436, or $17,232 per year just for the premium! Because you know I love math, let’s do some more, shall we. Using the IRS and California Tax Board tax calculators (on their websites), this family of 4 will pay about $16,858 in federal taxes and $6,901 in state taxes (I didn’t even bother with local taxes, though they can be astronomical in California). So, with an after-tax income of $76,241, this family’s insurance premium under Obamacare amounts to 22.6% of their after tax income!
Does that sound affordable to you? Yeah, me neither. Numbers and data continue to be very inconvenient truths for the liberals.