22
September , 2017
Friday

Email This Post Email This Post

Does Obamacare Have Side Effects for Low Income Families?

Posted by Admin On April - 4 - 2014

Forbes Magazine Says “Yes, Indeed”

Nationwide (BlackNews.com) — It’s called the Affordable Care Act because it is supposed to provide affordable health care insurance for all Americans. But for some, that is not going to be the case. Americans understood that health care was not going to be free; someone has to pay for it. But they didn’t expect it to hit low-income families so hard.

The cost was understood to be borne mostly by taxing the rich, and a typical family of four was to save $2,500 a year in premiums. But a close examination of the numbers show a different picture. According to a report published in Forbes magazine earlier this year based on calculations from the Consumer Expenditure Survey, even very low-income families making under $19,000 a year will end up paying almost $7,000 in taxes due to Obamacare between 2013 to 2022.

The next tier up, representing the second lowest 20 percent family income level, will end up paying $7,450 during the same time period. So, the big question is, where is this “typical family of four” that Obama referred to in his promise that a typical family of four would save $2,500 a year in health care premiums?

To view the full article, visit:
http://blog.lowincome.org/2014/04/obamacare-side-effects-low-income-families-forbes-magazine.html

SOURCE: www.LowIncome.org


You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Recent Comments

Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

Recent Comments

Recent Posts