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How ObamaCare Will Harm Low-Income Americans

Friday, October 28, 2011

According to The Washington Examiner, in testimony before a subcommittee in the House of Representives this week "Cornell University economics professor Richard Burkhauser showed that in 2014, millions of low-income Americans may be unable to get subsidized health insurance through the new health care exchanges."  The culprit: the legislative language of ObamaCare.

Burkhauser explained that if an employee gets health insurance through their employer, they and their family members become ineligible for the exchange subsidies. What would this mean to low income families?  According to the professor, a family of four making $28,000 per year could expect to pay 43% of their income for insurance offered on the private insurance market (the premiums of which have increased dramatically as a result of ObamaCare's costly mandates and related regulations).

You can read the full Examiner article here.

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