Monday, July 8, 2013

Obama's Anaconda is Slowly Squeezing the American People




The Obama administration’s Operation Anaconda is slowing ensnaring millions of Americans into their government health care rubric.  In North Carolina alone, it is estimated that 1 million of our citizens will qualify for subsidized policies.  Keep in mind this state has a population of about 9.7 million.  That is a huge percentage.  And that isn’t factoring in businesses that are going to dump their employees onto these exchanges.
Here is an excerpt from a Charlotte Observer article:

Chaney Stokes is among an estimated 800,000 uninsured North Carolinians who are expected to buy subsidized coverage on the new health insurance exchange. In addition, more than half of the roughly 435,000 North Carolina residents who already have individual policies are expected to switch to the cheaper, subsidized coverage.

The majority of state residents who have other types of insurance – a combined 7.6 million covered through employers, Medicare or Medicaid – are not likely to see dramatic changes in their insurance.

Enrollment in the new insurance plans begins in October and coverage starts Jan. 1. As a practical matter, many North Carolinians will have two options: Blue Cross and Blue Shield or Coventry Health Care of the Carolinas. Both have proposed multiple plans that await approval from the N.C. Department of Insurance and the U.S. Department of Health and Human Services.

Under the law, North Carolinians who qualify for subsidies are expected to receive more than $5,000 a year per household on average to offset their insurance costs, according to the U.S. Treasury Department. Subsidy levels will vary depending on income and other factors under the Affordable Care Act, which is often referred to as Obamacare.

Those who don’t get insurance will pay a fine, starting next year at $95 or 1 percent of income, whichever is greater. For Stokes, the 1 percent rule would likely apply, bumping up her potential fine to around $320. By 2016, the penalty will be $695 or 2.5 percent of income.

This country is over $17 trillion in debt, and we’re going to subsidize this monstrosity? And they have no idea on how they're going to pay for it.   This federal government anaconda is squeezing the life blood out of all of us. 


 

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