Marsha Danley, 56, was among those who earned too much to qualify for a subsidy. It’s been more than a decade since Danley last had a insurance. After losing her job at a tech company during the dot-com crash, she worked for a string of small employers that didn’t offer benefits.
The Napa, Calif., accountant earns $68,000 a year (well above the $45,000 individual income threshold to qualify for tax subsidies) and was quoted $500 a month for a benchmark Silver plan, which came with a $5,000 annual deductible.
“Taking a hit on my tax refund is a lot cheaper than paying $6,000 a year for a plan and another $5,000 for a deductible,” she says. “That’s a total waste of money for me. That can be better put to paying off my debt.”
I continually find it amazing that the Democratic party put all of its domestic policy eggs in one basket like this. Particularly since the entire Obamacare system – absolutely the entire system – was based on the idea that American consumers can’t do math. And before anybody says that they can’t, that particular sneer is mostly aimed at things like algebra and trigonometry. When it comes to checkbook stuff we all turn into human calculators; particularly when it comes to figuring out whether six hundred bucks is less, or more, than eleven thousand. Turns out that they can, and plan accordingly.
Now we just need to get them to go vote accordingly, too.
Moe Lane (crosspost)