‘Affordable’ Care: $1 Pay Hike Costs Middle-Class Family $9,355 Hike in Premiums

For households with incomes over 400 percent of FPL—even just $1  over, according to the IRS—there is no cap on the percentage of their  income they can be made to pay for their Obamacare-mandated  health-insurance premiums.

“ACA will provide premium credit support scaled to individual and  family income relative to poverty such that eligible families and  individuals’ premium contributions will be limited from 2.0 percent to  9.5 percent of income,” explained the Congressional Research Service.  “Individuals and families with income at or above 400 percent of poverty  will be ineligible for premium credits.”

The regulation governing the “premium credit” or subsidy is also  calculated on the assumption that the household will buy the  second-lowest-cost “Silver” plan on the health-insurance exchange. There  are “Gold” and “Platinum” plans above the “Silver” plan and “Bronze” plans  below it. Under Obamacare, a household is free to buy a cheaper Bronze  plan or a more expansive Gold or Platinum plan, but, as CRS explains it,  “if the individual/family enrolls in a plan with a premium that exceeds  the premium for the reference plan [the Silver plan], the  individual/family is responsible for paying that additional amount.”

What does this mean in cold hard cash?

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