Amelia
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Obamacare will kill middle class | The Detroit News
I keep reminding myself that the extra money people will be paying for insurance is going somewhere, but where?
Someone will benefit from middle class Americans' discretionary income being diverted from buying a new car or making home improvements or taking family vacations, but who will be benefiting?
It won't be doctors or nurses. This won't raise their wages. With more patients on Medicaid and the meager reimbursement rates care providers will receive, medical staff are also feeling the pinch in the pocketbook.
So where is that money going? Who is going to see an economic lift from this?
Obamacare is the biggest assault ever on the middle class.
If not radically altered or repealed, it will diminish lifestyles and increase the financial struggles of average individuals and families. Combined with other costly government meddling in the economy, it will destroy the concept of an American middle.
Incomes that over the past decade have barely kept pace with inflation will not absorb the surging cost of health insurance that will come for many, if not most people, on Jan. 1.
Were painfully familiar with Obamacares impact on the individual insurance market. Those who buy their own insurance are seeing policies canceled and replaced with ones costing two to three times as much. President Barack Obamas fake fix wont provide much relief.
But Obamacares pain is spread much broader. Those with employer-provided insurance are also getting stung. Policies that previously asked for manageable contributions from employees will now carry either much higher monthly premiums or outrageous deductibles and co-pays, or both. Out-of-pocket costs are leaping to an average $5,000 to $6,000 annually for individuals, and $10,000 to $12,000 for families.
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I keep reminding myself that the extra money people will be paying for insurance is going somewhere, but where?
Someone will benefit from middle class Americans' discretionary income being diverted from buying a new car or making home improvements or taking family vacations, but who will be benefiting?
It won't be doctors or nurses. This won't raise their wages. With more patients on Medicaid and the meager reimbursement rates care providers will receive, medical staff are also feeling the pinch in the pocketbook.
So where is that money going? Who is going to see an economic lift from this?