For the individual who earns the medium average income, he is really not being subsidized.Quote from DHOHHI:
Who is providing all the subsidy money for premiums? Then there is the part of who will provide all the $$$ for those who get their deductible reduced because of what their income is. It's real $$$$ and hospitals, doctors, etc. won't write this off.
Who sets the retail price for the Bronze or silver program? The government. Then the Government sets the deductible and the coverage.
Then they provide some phoney tax rebate to pay for the premium.
This is an old retail trick. Mark up the retail price of a product then discount it a lot and make the customer think they are getting a deal. If you ever shop for kitchen cabinets they give you 80% off "list".
Its all fake.
To figure out the true subsidy work from cost up.
An earner making a middle class salary , after the subsidy will be paying the same or more for insurance especially if you figure in the deductible and other loss of benefit from a private plan.
Going forward the the Government can extract more taxes anytime by just raising premiums. No Congress involved,
Just like the Social Security fund this health care pool will be spent in the general budget.
of course those making over 95k are stuck paying the fake inflated retail price.
This is just a big revenue scam