Eagle Forum Legislative Alerts

Friday, March 01, 2013

Sticker Shock on ObamaCare

The Obama Administration is now estimating that by 2016 the minimum annual cost of health insurance for an average American family under ObamaCare will be $20,000. And there is no guarantee that the health insurance will actually cover all the medical treatments that the family wants and needs. $20,000 is merely the minimum annual cost; many families could face even higher premiums. Millions of Americans will be faced with the choice of buying this expensive health insurance, or paying hefty penalties to the IRS. Those who choose not to buy health insurance will be slapped by the IRS with thousands of dollars in additional taxes. Is this what Americans really want? Certainly not. $20,000 is many times more expensive than what most Americans pay for health insurance today.

It's not only families who will be hit by these enormous price increases under ObamaCare. One study predicts that a 27-year-old non-smoking male in Texas will go from paying $54 a month in health insurance premiums to a whopping $153 per month as soon as ObamaCare goes into full effect. That will be on top of the massive student debt that so many young people are already struggling to pay off. The real result may be that many Americans will choose to drop their health insurance simply because they cannot afford it. But that is the opposite of what ObamaCare was supposed to achieve.

None of this is a surprise to those who have criticized ObamaCare for years. Not a single Republican voted for this costly injection of federal bureaucracy into the American health care system, which has been the finest the world has ever known. Many businesses are decreasing the number of hours that their employees can work in order to fall below the threshold requiring employers to buy this costly insurance for their employees.

Listen to the radio commentary here:

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