From Economic Policy Journal:
I have already pointed out how a small businessman in California saw his health insurance premium triple because of Obamacare...
A friend familiar with the industry emails and points me to a summary at the NOLO legal encyclopedia that explains how healthcare insurance premiums are going to become income based. NOLO writes:
4. You Can Get Health Coverage If You Need It
Starting in 2014, U.S. citizens and legal residents will be able to buy health insurance through a new system of exchanges run by state government agencies or nonprofits (these exchange programs are officially called "American Health Benefit Exchanges"). Families and individuals whose income is on the lower end of the scale -- up to four times the federal poverty level, or just over $88,000 for a family of four -- will be entitled to credits and subsidies to help with some or all of the costs for coverage.
The amount that an individual or family will need to pay for health coverage will be based on total income -- the more you make, the more you'll pay for coverage. The CBO estimates that...
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More on Obamacare:
Controversial op-ed: Obamacare is a "neutron bomb" that will "decimate" jobs in America
Whoops: Labor unions finally read the Obamacare "fine print" and don't like what they see
Obamacare "sticker shock": Why your insurance premiums are about to SOAR