The Truth About Obamacare

The main source for this review happens to be FDL Action - a well-known, left progressive website. 

1. This is a universal health care
bill.
The bill is neither universal health care nor
universal health insurance.
Per the CBO:
• Total uninsured in 2019 with no bill: 54 million
• Total uninsured in 2019 with Senate bill: 24
million (44%)
2. Insurance companies hate this
bill
This bill is almost identical to the plan written by
AHIP, the insurance company trade association, in
2009.
The original Senate Finance Committee bill was
authored by a former Wellpoint VP. Since Congress
released the first of its health care bills on October 30,
2009, health care stocks have risen 28.35%.
3. The bill will significantly bring
down insurance premiums for
most Americans.
The bill will not bring down premiums significantly,
and certainly not the $2,500/year that the President
promised.
Annual premiums in 2016, status quo / with bill:
Small group market, single: $7,800 / $7,800
Small group market, family: $19,300 / $19,200
Large Group market, single: $7,400 / $7,300
Large group market, family: $21,100 / $21,300
Individual market, single: $5,500 / $5,800*
Individual market, family: $13,100 / $15,200*
4. The bill will make health care
affordable for middle class
Americans.
The bill will impose a financial hardship on middle
class Americans who will be forced to buy a
product that they can’t afford to use.
A family of four making $66,370 will be forced to pay
$5,243 per year for insurance. After basic necessities,
this leaves them with $8,307 in discretionary income
— out of which they would have to cover clothing,
credit card and other debt, child care and education
costs, in addition to $5,882 in annual out-of-pocket
medical expenses for which families will be
responsible.
5. This plan is similar to the
Massachusetts plan, which makes
health care affordable.
Many Massachusetts residents forgo health care
because they can’t afford it.
A 2009 study by the state of Massachusetts found that:
• 21% of residents forgo medical treatment
because they can’t afford it, including 12% of
children
• 18% have health insurance but can’t afford to

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