- The TPM reader’s situation (he’s comparing a $450*/year Obamacare tax to paying for a $3,800/year high deductible plan, and deciding that the tax is preferable) indicates that it turns out that we’ve been teaching math in our schools after all. Gotta tell you: there’s nothing like a paycheck to focus the mind on the wonders of arithmetic.
- Two years from now, that 1% tax will be 2.5%. Which means it goes up from $450/year to $1,350/year. That’s still close to one-third the price of a policy – and that’s assuming there that the rates won’t go through the roof between now and then, which is not a safe assumption to make. That’s why they call them death spirals.
- Note that the reader still hasn’t actually stopped to think about the consequences of #2 at all, at all. I will be magnanimous on that point, though: he’s a TPM reader. We were lucky to get one of them to admit that the math was problematical.
Young healthy person earning $55k explains to TPM why he’s not buying Obamacare http://t.co/Yayu91TXpM
— John McCormack (@McCormackJohn) January 16, 2014
[*Remember: $95/year or 1% above first $10K. Also: I dunno why this footnote got deleted.]