The plan was sold to the American public with claims that the average family will save up to $2,500 on premiums per year. Unfortunately, that’s not the way it worked out.
Instead, the average plan is being raised by over 20% for the next year, according to filings by top insurers Aetna and Anthem.
At the same time, the people right in the middle class — those making between $32,490 and $43,320 a year — will not be eligible for the highly touted subsidies that were to make their plans more affordable.
And the claims from the left that small-business subsidies will make the penalties magically go away? They’re just not true. Companies have found they will find it cheaper to pay their half of the penalty than filing for subsidies and backing them.
This leaves the most vulnerable people not only without health insurance, but being fined for not being able to afford it.
And ultimately, we will all be paying more in taxes, and more for insurance, while contributors to the Congressional campaigns get to sit back and collect the money from both ends.
It’s time to stop the madness.