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ObamaCare Slashed Medicare and Raised Taxes to Subsidize People the Administration Claims Can Already Afford Health Insurance
Friday, September 21, 2012
These subsidies are funded by more than $1 trillion in tax hikes, many of which are levied on middle-class families, and three-quarters of one trillion dollars in cuts to Medicare.
INJURY: Administration Now Says People Receiving Subsidies Could Afford Health Care On Their Own…So Why Did they Cut Medicare and Raise Taxes?
"We're no longer going to subsidize the care of those who can afford to buy insurance but make a choice not to buy it," were the blunt words this week from the Department of Health and Human Services describing why 6 million Americans would be forced to pay a new tax for not having government-approved insurance.
Who are these Americans who “can afford to buy insurance?” Well, according to the nonpartisan Congressional Budget Office (CBO), more than 70 percent (roughly 4.3 million) have incomes less than 400 percent of poverty – the very same people eligible for subsidies under ObamaCare.
If the Obama Administration believes those paying the new mandate tax can so easily afford to buy insurance, then why should seniors (through Medicare cuts) and taxpayers (through higher taxes) subsidize other Americans with the same level of earnings?