Tuesday, October 20, 2009
Dick Morris Poll Indicates Most Young People Don't Know that Obama Care means...
People could keep their current insurance if their employer provided it and agreed to continue it. Insurance companies would be required to insure all applicants regardless of pre-existing conditions.
People would be offered subsidies to buy insurance if their household incomes were below $70,000 a year and if their insurance cost more than 8% of their incomes ($5600 for a $70,000 a year family).
The program will cost one trillion over ten years. Also a $1000 fine each year will be levied in the event you do not sign up for a health care plan! (Which means why not pay the $1000 fine , rather than subscribe to a long term policy when the government will pick up the tab if you either have a preexisting condition or other health care problem) Who needs insurance if it only costs $1000 fine each year. So who pays the difference?