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Buy a Home or Buy ObamaCare

Written by Elizabeth B. Letchworth

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78,000 state by state prices revealed for ObamaCare

PROlineNews: What is the cost of ObamaCare? ObamaCare, President Obama’s new health care law, has a massive impact on health care costs. ObamaCare’s cost is estimated at up to net cost of $1.36 trillion dollars by 2023.

ObamaCare is paid for through collected taxes, penalties, spending cuts and speculative reforms to the health care industry. The new health care law, has a massive impact on health care costs. ObamaCare’s cost is estimated at up to net cost of $1.36 trillion dollars by 2023.

If you are a middle class American you will pay between 3% and 9.5% of your income whether you like it or not.

Just think about that. The President has handed you a bill for $9,500 if your family earns $100,000 per year.

For many people, that’s the cost of a $200,000 home mortgage. You may forced to decide whether to buy a home or buy ObamaCare insurance.

What will ObamaCare cost me?

For a state by state by county cost analysis from Data.Healthcare.gov, if the website is running today, [Click Here] and scroll down until you come to your state.

Here are some quick bullet points on the cost of ObamaCare:

Everyone has to obtain health insurance by January 1st, 2014 or pay a Shared Responsibility Fee (new tax penalty)

If you don’t have coverage, you can use the new Health Insurance Marketplace to find a private insurance plan.

Cost assistance is based on income.

The average American will pay between 3% – 9.5% of their income on insurance after cost assistance.

Insurance costing 8% of your income is considered affordable insurance for individuals. 9.5% is considered affordable for job based insurance.

A recent study showed the price for a 21-year-old buying a mid-range policy will average about $270 a month.

Check out that website, Data.Healthcare.govsee what your government estimated cost is for one or more plans for your area.

Elizabeth LetchworthElizabeth Letchworth, see more posts here...

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