Tag: warped government

Guest Post by Dave Laviolette

Here’s an October Surprise. Obamacare for 2017 plans.

A 54 year old man(not me) non-smoking and making $48,000 per year, meaning NO SUBSIDY, and living in Pinal County, Arizona can go on the exchange and buy the following plans from BCBS only. No other plans available.

1. Bronze $680.66/month $6,550 Deductible $6,550 Out of Pocket
2. Bronze $797.40/month $6,500 D $7,150 OOP
3. Silver $964.00/month $6,650 D $ 6,650 OOP
4. Gold $1,178.21/month $1,000 D $5,500 OOP

The same individual could go to his boss and ask for a $2,000 cut in pay and buy the same four plans with regard to Deductibles and Out of Pocket totals and pay the following because of the subsidy he would get.

1. Bronze $87.51/month
2. Bronze $204.85/month
3. Silver $371.45/month
4. Gold $585.66/month.

This would save him $5,116 per year AFTER taking the cut in pay. So, he either wins by lowering his pay thus lowering his income and FICA taxes, or he just lies and say his income is not as much as it is.

What a country.