Obamacare has been designed to redistribute income from the 99 to the 1 percent. We should have expected this since the legislation was written by executives of publicly traded health care corporations whose stocks and bonds are bought and sold in the financial markets.
Take the case of a family of four in which the policyholder is fifty years old. We’ll call this family the Smiths. Say Mr. Smith is a college graduate. So is Mrs. Smith. Let’s assume they earn $93,699 a year in 2014, when all parts of Obamacare becomes the law. After taxes, that’s not a whole lot of money. The Smith’s might be in the lower middle class, maybe solidly middle.
The government is going to force them to purchase a health insurance policy whether they want to or not, or they’ll be penalized and compelled to pay a tax on something they don’t want to buy, which is ridiculous and clearly unconstitutional, as the insurance industries corrupt Chief Justice John Roberts of the US Supreme Court clearly knows. The Smiths, however, decide to purchase the policy to avoid the hassle.
The cost of that policy will be $16,858 a year, but the government will subsidize the family and the health insurance industry by paying $8,901 of that policy.
The Smiths, however, have neighbors, the Thompsons. Mr and Mrs Thompson have no insurance coverage and they too will be forced by an unconstitutional law to purchase a health insurance policy from a publicly traded, limited liability, corporation. The Thompsons earn $93,700 a year, which is one dollar more than what the Jones earn. Their insurance policy also costs $16,858 a year, but because they earn one dollar more, they’ll need to pay the entire premium under Obamacare.
This will suck the Thompson’s dry, but it will also push health insurance company profits higher, and send their share prices and dividends for the 1 percent surging. The rich will get richer, but what will it do for the Thompsons? After they pay their taxes, the Thompson’s aren’t going to have a ton of money to spend after the insurance industry (and the 1 percent) financially rapes them via Obamacare. The economy might even contract because of the Obamacare income redistribution scam since 70 percent of the economy is consumer driven and the consumers are going to get financially raped big time. The rich, however, will get richer by sucking the middle class dry with another piece of legislation. That’s precisely why Wall Street Senator Ron Wyden voted for the bill. He’s always looking for ways to redistribute income from the 99 to the 1 percent.
Don’t believe me? Click the following link. It’ll you take to Kaiser Permanente’s Health Care Reform Calculator. Plug in your numbers and see. http://healthreform.kff.org/subsidycalculator.aspx
By the way, this new law may encourage employers everywhere to opt out of providing their employees with health insurance. Target and Walmart have already cut employee hours to opt out of the law.