Bill passed in the Senate 60-40 right down party lines. Here is an article from dickmorris.com which explains how it will impact all of us. Like to hear comments from supporters on this.
A detailed analysis of the Obama health care program now before the Senate indicates that it will force big premium increases for all families especially for those under 30 years of age.
The study, by the consulting firm of Oliver Wyman, concludes that premiums for individuals will rise by $1,576 and $3,341 for families by under the bill. Young people will be hit the hardest. The study predicted that premiums for new health insurance policies purchased by the youngest third of the population would rise by 35% under the bill.
These increases will stem from the bill’s provisions that bar insurance companies from raising rates on sick people and from excluding people based on pre-existing conditions. Both of these mandates will mean higher costs for the younger and healthier population. This bill is, in effect, a tax on the young.
Nor will subsidies do much to mitigate the impact. To get a subsidy under the bill you have to earn less than about $80,000 a year (combined household income) and have spent between 2 and 10 percent of your income on premiums.
So a couple making a combined income of $40,000 would have to pay about 5% of their income: $2,000 before they could get subsidies. Those making $60,000 would have to pay about 8% of their income — $4800 - before they could get a subsidy. And those making $80,000 would have to chip in 10% of their income — $8,000 - before they would get a subsidy.
http://www.dickmorris.com/blog/2009/...t-young-people
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Originally Posted by atobulldog
