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Thread: Obamacare Subsidies

  1. #11
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    Re: Obamacare Subsidies

    Quote Originally Posted by GottaGo View Post
    I don't see what the problem is. A well written governmental SNAFU at it's best, dontcha think?
    The best way to get folks to want UHC is to really mess up the "private" system - PPACA is doing that quite well.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  2. #12
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    Re: Obamacare Subsidies

    It's a wonderful redistribution system, isn't it? Limit the low earner's copays and stick it to the middle class (a family we are close to, healthy, 3 kids) just had their $400 a month policy canceled and their new policy will run $1300 a month with a $5000 deductible. Interesting point about the subsidies that the people who would get them may want to pay attention to, the subsidies are TAX BREAKS, not direct premium payments. So they will still be on the hook for their premiums and will (in theory) get a refund at tax time. I'm waiting to see when and how much that will change once the true costs are realized. I know, I know, this administration is morally above bait and switch tactics, call me a cynic.

  3. #13
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    Re: Obamacare Subsidies

    Quote Originally Posted by Mason66 View Post
    Where does the money for the subsidies come from?
    The national debt. Buy votes today using borrowed money to make your campaign promises seem like reality.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Obamacare Subsidies

    Quote Originally Posted by GottaGo View Post
    I don't see what the problem is. A well written governmental SNAFU at it's best, dontcha think?
    : Anyone who thinks it was easy to write something like this has no idea how difficult it was to get the inmates from the insane asylums to pay attention to the suggestions from the aliens from outer space who were in charge of getting a health care law written. They deserve our pity--not our sneers!

    Greetings, GottaGo.

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    Re: Obamacare Subsidies

    Quote Originally Posted by polgara View Post
    : Anyone who thinks it was easy to write something like this has no idea how difficult it was to get the inmates from the insane asylums to pay attention to the suggestions from the aliens from outer space who were in charge of getting a health care law written. They deserve our pity--not our sneers!

    Greetings, GottaGo.
    Thanks for the morning grin, Polgara! Very close to the truth, I'm thinking.
    Building block or stumbling block.... choose.

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    Re: Obamacare Subsidies

    Quote Originally Posted by Mason66 View Post
    Can somebody please explain what these subsidies are supposed to do.

    It is my understanding that the subsidies will be given to people that can prove that they don't make enough money, whatever the cutoff is to pay for the premiums.

    Is the subsidy to pay for the premiums or something else?

    If the subsidy is to pay for the premiums, how will the person pay for the co-pays and the high out of pocket expenses all policy holders must pay before the insurance kicks in?

    They have already proven they don't make enough to pay the premuims ontheir own.

    I am a little confused on this.
    Since Healthcare.gov will know all about them and you and since they say they're poor and you're not, they'll be given policies that you pay for.
    Those policies will have low/little/no premiums/co-pays by them (that's where you come in again because yours will be much higher to take up the slack).
    Thus the world is finally a beautiful place.
    It's the only fair thing to do. Ain't fairness great?

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    Re: Obamacare Subsidies

    Quote Originally Posted by apdst View Post
    A tax credit for someone who doesn't pay taxes? How does that work?
    As you know, they do "pay" taxes.

    Just like with you, me, and everyone else who collects a paycheck federal income taxes are deducted, ergo, they are "paid".

    This credit, just like every credit, will result in some or all of the tax they do pay being credited (refunded) back to them.

    So some folks will end up having the tax burden they were previously responsible for reduced while others will end up being net recipients of federal tax dollars and "effectively" not paying anything.

    We'd have to look at it on a case-by-case basis.

    I think it's safe to assume that those earning a very low percentage in relation to the federal poverty level (between 101% and 200%, say) will end up net recipients while those earning at the high end of that calculation (300% to 400%, say) will end up "just" having their tax burden reduced.
    Last edited by soot; 11-07-13 at 11:01 AM.
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    For the Christian riles, and the Aryan smiles and he weareth the Christian down;
    And the end of the fight is a tombstone white with the name of the late deceased,
    And the epitaph drear: “A Fool lies here who tried to hustle the East.”

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    Re: Obamacare Subsidies

    Quote Originally Posted by bubbabgone View Post
    Since Healthcare.gov will know all about them and you and since they say they're poor and you're not, they'll be given policies that you pay for.
    Those policies will have low/little/no premiums/co-pays by them (that's where you come in again because yours will be much higher to take up the slack).
    Thus the world is finally a beautiful place.
    It's the only fair thing to do. Ain't fairness great?
    Ah yes, the old "fairness" argument. Thanks for reminding me...It's been over an hour since I last heard it! Gosh, whatever was I thinking...Gotta have fairness, or things just don't make sense at all!

    Good morning, Bubba.

  9. #19
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    Re: Obamacare Subsidies

    Quote Originally Posted by soot View Post
    As you know, they do "pay" taxes.

    Just like with you, me, and everyone else who collects a paycheck federal income taxes are deducted, ergo, they are "paid".

    This credit, just like every credit, will result in some or all of the tax they do pay being credited (refunded) back to them.

    So some folks will end up having the tax burden they were previously responsible for reduced while others will end up being net recipients of federal tax dollars and "effectively" not paying anything.

    We'd have to look at it on a case-by-case basis.

    I think it's safe to assume that those earning a very low percentage in relation to the federal poverty level (between 101% and 200%, say) will end up net recipients while those earning at the high end of that calculation (300% to 400%, say) will end up "just" having their tax burden reduced.
    In addition to the EIC, which most low-income groups qualify for and exceed whatever taxes they 'pay in', the subsidies will likely give them a nice little refund check to go blow on whatever.
    Building block or stumbling block.... choose.

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    Re: Obamacare Subsidies

    Quote Originally Posted by GottaGo View Post
    In addition to the EIC, which most low-income groups qualify for and exceed whatever taxes they 'pay in', the subsidies will likely give them a nice little refund check to go blow on whatever.
    And if the 29-hour work week goes into effect, more will qualify for the low-income part! Is this a great plan or what?

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