Welcome to the Democrat’s Health Care Revolution…
The Obamacare subsidy cliff is so steep that if you earn just $1 above the threshold, you could end up paying anywhere from a few thousand dollars to $20,000 more for insurance, depending on your age. Take the case of a couple of 55-year-olds living in St. Croix County, Wisconsin, where the median household income is a little over $68,000.
Let’s say that they earn $62,040 in 2014. They would pay $211 per month for the cheapest Obamacare plan available on healthcare.gov
But if they earn $62,041–just one dollar more–they would pay $1,342 per month. That’s an extra $13,572 per year for the same bare-bones insurance plan.
But it’s like a tax, so it’s ok, and besides, its the Democrats who are screwing people over so it’s all good.
