If you are a lower income person in California, your ship has come in. If you make over $70,000, your ship has pulled out. You are about to be run over by a freight train.
The Los Angeles Times reports:
Compared with what individual policies cost now, premiums are expected to rise an average of 30% for many middle-income residents who don’t get their insurance through their employers.
Alternatively, lower-income consumers will reap the biggest savings and are projected to save as much as 84% off their coverage thanks to federal subsidies.
How many people are in each camp? The losers number 1.3 million. The winners are 3.6 million.
This is democracy. “Thou shalt not steal, except by majority vote.”
If you are not married, and make over $46,000 a year, you’re toast. If your family income is above $94,000, you’re toast.
If you have insurance from your employer, you survive. Your employers may decide to fire you. You just got way more expensive. Do the words “independent contractor” sound familiar?
Small businesses can escape. They do not have to bear the cost. They can transfer these costs to employees.
The poor think it’s great. The middle class will pay the freight.
It’s time for health insurance with $5,000 deductibles, $10,000 deductibles, even $20,000 deductibles. It’s time for HSA’s (health savings accounts). It’s time for Christian non-insurance health care cost-sharing societies.
Maybe it’s time to move out of California.
Pelosi did it, but let’s all blame Obama.