Politicians and members of the Obama administration like to casually throw around the promise of affordable health care. They may be creating unfulfillable expectations. The middle class may be in for sticker shock.
The Kaiser Family Foundation has prepared some estimates for 2014.
A family of four earning $75,000 will pay $7,125 in annual premiums and as much as $8,333 in co-pays and deductibles, according to a preliminary estimate by the Kaiser Family Foundation. A single 40-year-old earning $30,000 will pay $2,509 in premiums and as much as $3,125 in cost sharing. For a 60- year-old making $40,000, the amount will be $3,800 in premiums and up to $4,167 in out-of-pocket costs.
How do you spell “affordable”
It appears that affordable is at least 15% of ones income AFTER a government subsidy.
And just as an aside, but I suppose related to these promises:
Ten percent of Americans rate the honesty and ethics of members of Congress as very high or high, above only car salespeople on a list of 22 professions. Medical professionals and engineers receive their best ratings on record.
Read more at GALLUP.com.