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December 15, 2009

CBO Analysis: Senate Health Care Bill Would Force Some Middle Class Families to Pay $15,200 Yearly Insurance Fee

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According to an analyses published by the Congressional Budget Office, with or without the public option, the health care bill presented in the Senate by Majority Leader Harry Reid (D.-Nev.) would make some middle-class American families pay what amounts to a $15,200 annual federally-mandated insurance fee.

Via CNS News:

The fee would result from the facts that the bill requires individuals--but not employers--to purchase health insurance plans and that families that earn up to 400% of the federal poverty level would be given government subsidies to purchase insurance in government-regulated insurance exchanges while families earning more than 400% of the federal poverty level would be denied government subsidies.

A family of four--two parents and two children--earning $88,200 would be at 400% of the poverty level this year, according to the U.S. Department of Health and Human Services. A family of four earning $88,201, therefore, would not be eligible for a federal subsidy to buy insurance under the Senate health-care bill. If the mother and father in such a family could not get employer-based health insurance--because their employers decided not to buy their workers insurance--the family would be required by law to purchase a policy with its own money that would cost an estimated $15,200 per year, according to the CBO.

The basic facts demonstrating that this would be the case if the Senate health care bill were to become law were presented in letters that the CBO sent to Sen. Harry Reid (D.-Nev.) on November 18 and to Sen. Evan Bayh (D.-Ind.) on November 30. The letters are available on the CBO Web site.

Continue reading to learn the facts about what the Reid health care bill would mean for the finances of families that earn more than 400 percent of the poverty level and the CBO sources for those facts.

What should anger Americans is not only the incredible financial burden the Reid bill places on middle class families, but that Reid and his inside cohort of Democrat senators were well aware of it, even notified by the CBO back on November 30th, and still they moved forward on the bill and said nothing about it to the American people, literally keeping the contents of his "vapor deal" hidden from most Democrat senators, the public, and GOP senators.

Posted by Abdul at December 15, 2009 8:13 AM

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