Ok, before we continue, I want you to remember that Obama campaigned against big, nasty insurance companies to get Obamacare passed. Remember how those bad companies hurt people and deny them coverage and make coverage too expensive for people to afford? Yeah, that was the rhetoric. Woo hoo! Obama gonna git them big insurance companies! He’s my hero.
Now I want you to remember that the insurers mysteriously backed Obamacare. It’s one of those things science has no answer for, like lemmings heading to the ocean or how pigeons navigate without GPS. Oh... wait a minute... that’s right, they supported it because Obamacare forced 310,000,000 people to buy insurance. I knew it was something.
Anyway, it turns out it’s even better/worse than we thought. See, buried deep in the bowels of Obamacare, next to the legisphincter, is a little known provision that allows those same evil insurance companies to do the following:
● Charge oldsters “up to” three times (300%) what they charge their younger customers. Take that greedy, rich seniors!“Up to” of course means “absolutely.”
● Charge smokers “up to” a 50% penalty on smokers.
Oh, and those “tax credits” you’re supposed to get to help pay for premiums can’t be used to offset the penalties. So sad. You can, however, reduce the cost of the smoking penalty if (1) you get your insurance through your employer AND (2) they offer a smoking cessation program (which I believe entails letting clowns touch your genitals every time you light up).
There doesn’t appear to be an old-age cessation program.
So here’s what can happen. Assume a 60-year-old smoker making a whopping $35,000 a year. That’s a prime Obama voter. Under the new Obamacare, this person’s premium based on age will be $10,172 a year. Factoring the “tax credits” Obamacare supposedly pays will drop to $3,325.
As an aside, those “tax credits” are a subsidy ($7,000) paid directly to the insurer by Uncle Sam... yes, the same insurer Obama claimed to vanquish.
Then the insurer adds the smoking penalty. That adds $5,086 to the bill, meaning our oldster will pay $8,411 out of pocket and Uncle Sam will pay $7,000 more to the insurer... money which could have gone to any number of good causes. Let’s hope the oldster doesn’t want a home, or food, or anything else really.
Now, the oldster can reduce the $5,086 if they like clowns, but even that is estimated to cost around $1,200 a year, and it will suck the life right out of you.
So much for Obama helping the poor, the middle class, the old, the uninsured. In fact, the only people who seem to benefit under this are insurance companies. . . and clowns.