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California: For every dollar spent on O-care, the government paid three in subsidies
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smn1256 Offline
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California: For every dollar spent on O-care, the government paid three in subsidies
Quote:Californians received $3.2 billion in Obamacare premium subsidies during the rollout of the federal health law last year..

That federal aid went to about 800,000 California households, state officials said Monday. Those individuals and families paid $1.1 billion in premiums themselves, meaning for every dollar they spent the federal government paid an additional $3 to their health insurer.

Nearly 90% of enrollees in the Covered California exchange qualified for financial help based on their income. The average monthly subsidy was $436 per household, according to the state.

http://www.latimes.com/business/la-fi-ob...story.html
01-27-2015 11:38 AM
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HeartOfDixie Offline
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RE: California: For every dollar spent on O-care, the government paid three in subsidies
It just makes you angry.
01-27-2015 11:40 AM
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Crebman Online
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RE: California: For every dollar spent on O-care, the government paid three in subsidies
(01-27-2015 11:38 AM)smn1256 Wrote:  
Quote:Californians received $3.2 billion in Obamacare premium subsidies during the rollout of the federal health law last year..

That federal aid went to about 800,000 California households, state officials said Monday. Those individuals and families paid $1.1 billion in premiums themselves, meaning for every dollar they spent the federal government paid an additional $3 to their health insurer.

Nearly 90% of enrollees in the Covered California exchange qualified for financial help based on their income. The average monthly subsidy was $436 per household, according to the state.

http://www.latimes.com/business/la-fi-ob...story.html

And somehow this law will still be categorized as a win for America - just ask Mach.

Nothing more than a backdoor tax increase for anyone that actually has to pay the premiums out of their own pockets. The most despicable kind of tax increase you can have.
01-27-2015 11:43 AM
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UConn-SMU Offline
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Post: #4
RE: California: For every dollar spent on O-care, the government paid three in subsidies
I still haven't found the place in the Constitution that refers to redistributing income.
01-27-2015 08:01 PM
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