HomeEconomic IssuesProof That TEApublican Lies About Obamacare Easily Shot Down With Simple Math (Chart)

Proof That TEApublican Lies About Obamacare Easily Shot Down With Simple Math (Chart)

For three years the TEApublicans have been screaming, “the sky is falling,” telling us that under Obamacare premiums will sky-rocket and out-of-pocket costs and co-pays would also soar. They have continued to do so even as the first estimates started to come in revealing their wildly inaccurate assumptions, using the currently available plans as a starting point even though few of them comply with the new law.

The Obama administration has attempted to get more accurate numbers out to the public, but many continue to listen to the alarmists who predict nothing but gloom and doom.

Data released Wednesday, based on figures gathered from the 36 states which have elected to allow the federal government to fully or partially run the exchanges for them, along with the 11 states which have set up their own exchanges, shows that the administration itself was being conservative in its estimates. On average the premiums are 16% lower than previous estimates.

When the exchanges open for business next week, the data shows that people will have an average of 56 plans to choose from, depending on the state in which they live. This ranges from a low of seven in Alabama to a high of 106 in Arizona. The average number of insurers they will have to choose from is 8 with a low of 1 to a high of 13, again depending upon the state they live in.

Premiums will range from under $100 per month after tax credits for a bronze plan to somewhat over $250 per month for a silver plan which will cover 70% of costs, this again will depend on the state. The greatest savings will of course be in the states where there are more participating insurers creating more competition.

Before the tax credits kick in, a 27-year-old earning $25,000 in Arizona, with 106 plans to choose from would be able to purchase a silver plan for about $166 a month. In Wyoming where there are only 16 plans to choose from, that figure climbs to $342. After allowing for the tax credits, that 27-year-old will be paying about $145 a month in most states. A family of four with an income of $50,000 in most states would see a starting premium of $1,000 a month drop to $282.

A bronze plan that covers 60% of costs would be available in most states for under $100 a month after the tax credits. The generally accepted figure is 6 in 10 Americans who currently have no insurance could have this coverage for under $100 a month. Of course it remains to be seen how many will elect to pay the penalty of $95 or 1% of income whichever is greater rather than purchase insurance, but the numbers do not support the dire warnings of the TEApublicans.

HHS ACA Premium Chart

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About Bob Cull

I'm retired and live in the Finger Lakes region of Upstate NY. I have strong opinions and my political bent has not changed since I was in high school. Most of my family thinks that I need to find a "real" hobby to fill my time in retirement, but I am content to share my opinions with others and exercise my "right" as a cranky old retired dude to express my views--which are based on many years of real world experience.

16 comments

  1. I just did a quote with Kaiser Permanente. I picked GA since its on the list above and covered by KP. Individual. Zipcode 30003. Bday 9/1/1986. Sex F. It brought me up 13 plans. 10 of the 13 plans were less expensive than the “Lowest Bronze Plan” before tax credits.

    I also checked the basic structure of what a cheap “Bronze Plan” is. It appears to be something like a $5000, $60 copay, co-insurance 30%, and a $6,350 out-of-pocket cap. So I found a similar plan in the list. Its premium is $108.80 with a $5000 oop-cap. For the sake of argument I will say they are the same even though I prefer a $5000 cap over $6350. According to the list above the lowest Bronze is $172.

    What does this tell me? People will be paying $172 for $109 worth of coverage, but since they get “tax credit” it will appear that they are only paying $103. Since I make over $25K year I guess I just loose $63/month ($756/yearly) so somebody else can save $5/month ($60/yearly), and I’m not going to even get into the increased taxes coming out of my check.

    Because I am an independent contractor I already pay double the SS and double the Medicare a normal employee would. As a full time single father (w/o receiving child support), soon to be living paycheck to lets see if I can find another contract paycheck.

    Bob you stated in one of your other replies that you are a person of intellect, I don’t know you so I can’t make a judgement there. But, from what I see, you are either purposefully hiding the facts or you lack the common sense ability to distinguish lies from truth. I suspect the former because of the careful choice of words you used in your column.

    Example: “On average the premiums are 16% lower than previous estimates.”.
    I am entering the shoelace market, I estimate that to make a profit I will have to sell the shoelace for $1.50. Current market price is $1. Later I re-estimate and find that I can sell them at $1.26. The 16% lower estimate is still not a savings for the consumer.

    Be nice to your readers, most of them are ignorant or don’t have the intellect to see through the BS. Otherwise, have a good day.

  2. Wow, my comment about how the Affordable Care Act is not the answer was not posted. I’m not sure what happened,but hope it was a technological glitch. This piece of legislation is not the answer. It undermines too many of our freedoms, is reckless, and there is a better way to bring down the cost of health care. Enhancing health saving and flex spending accounts is a start. We can do better!!!!!

  3. Major lib page here. Big government has never led to any good for the American people. Entitlements run a muck! There is a better way to reduce the cost of health care. Enhanced health saving accounts and flex spending accounts would be a start. Ultimately someone, such as myself, by all labels a member of the middle class, not just the top 1% will pay for the subsidies. BIG government is not the answer. The Affordable Care Act is a cluster that will cost us all too much in the long run.

    We should all be discussing an alternative to the status quo, and the Affordable Care Act. Neither are acceptable. We can do better, but a law rammed through using the most shady of tactics is not the answer.

  4. I think whoever wrote this article is a dumb-ass. Ya let’s believe the HHS- a surely reliable source. Give me a break! Of corse whatever our current Government says is always true like when Obama said we could keep our current plans if we wished or when he said raising the debt limit to over 8 trillion in 2007 was “unpatriotic” or when he said passing the failed stimulus would create hundreds of thousands jobs or when he touted Solindra as a great example of how we don’t need fossil fuel or…….and on and on. The lies just keep piling up don’t they. Don’t believe the fools like this one who wrote this garbage article!

    • I’ll put my intelligence up against yours any day, Ken and afterward I would not need to call you a dumb-ass, your lack of factual information would speak for itself. I thoroughly research everything I write, using multiple sources, it takes well over an hour, often two or more, to write a 400-500 word article, the actual writing takes 15-20 minutes. You did not cite one single fact in your tirade, you merely proved your unfounded and irrational hatred for the President.

    • Ken,

      Your comments might hold water if ONE of them was based in facts.

      Mark Twain, “You can keep your mouth shut and let people think you’re a fool, or you can open it up and take away all doubt.

      Yep, you don’t believe verifiable numbers from HHS, but apparently are willing to believe numbers from right wing talking heads who have a rate of being correct at about 25%.

      Want to talk about death panels?

  5. Oh, right, because not letting most of the American population affordable health insurance won’t kill anyone. SERIOUSLY?! THE GOP ARE THE REAL DEATH PANELS

    • I think it only lists the states who are having the federal govt run their exchanges.

      • That’s right, Terence, the charts are for the states where the federal government is going to wholly or partially run the exchanges. My state (NY) is running it’s own and the projections here are in line with the findings of the feds.

What do you think? PLEASE NOTE: AATTP has a no tolerance policy for comments containing racism, personal attacks, vulgarity, profanity or threats.

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