Thursday, March 24, 2016

The Cost of the ACA

The CBO has a report describing the anticipated costs of the ACA, exclusive of Medicare for those who have paid in and are over 65.
We depict this above. It will soon exceed $200B annually and that is for an increase of some 14-15 million people. That amounts to an insurance premium of some $15,000 per person enrolled! Now the Medicare participant over 65 has paid in some 50+ years worth at 3% of their gross income plus some $2,400 per year plus a Medigap plan and a Part D plan costing an additional $4,500, plus a deductible, at a total in excess of well above $7,500. That is in addition to what they paid for 50 years!

So who are these people. Read the report and moan!