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Income Groups Who Elected Obama Will Be Hardest Hit by ObamaCare
Date:12/30/2013

Most of the higher income people, according to Davis, should be able to absorb the soaring health insurance rates. They can also afford to pay their own way if their ACA approved insurance is unable to authorize payment.

Those with the lowest incomes will be eligible either for Medicaid or for a government subsidy to assist with their insurance premiums. The higher the income the less the subsidy, which maybe taken as a tax credit. People in the middle, especially the lower middle, according to Davis, are most likely to find themselves ineligible for large subsidies but also unable to afford the increased premium rates on their own, without suffering financial hardship.

Also, Dr. Davis predicts, income taxes will go up for everyone to finance the subsidies and hire thousands of new government employees to administer and enforce the new system. Again, this will not hurt the poor, who pay little or no taxes, or the wealthy, who can afford the taxes, but could hit middle income groups extremely hard.

For group coverage, Kleyne foresees similar problems. Group rates to employers will generally increase and employers will require that employees contribute a larger percentage of the cost. Most large, profitable business should be able to absorb the increased costs while smaller and less profitable businesses would be eligible for subsidies on a sliding scale. Businesses with fewer than 50 employees are not required to provide group insurance, leaving employees to purchase individual insurance.            

According to Dr. Davis, lower income groups will be hard hit by ObamaCare even though they receive the largest subsidies and pay the least taxes. Employers are already cutting back worker positions and hours because they are not required to purchase group insurance for employees who work less than 30 hours a week or if they employ less than 50 people. Kleyne notes tha
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