The $20,000 Obamacare Myth
Jed Graham takes apart the myth that a family of four will have to pay at least $20,000 a year for healthcare under Obamacare:
The reported $20,000 cost of a low-cost ObamaCare plan was a hypothetical, not an estimate or an assumption, as should have been evident from other clearly contradictory IRS examples. For example: "The annual national average bronze plan premium for a family of 4 (1 adult, 3 children) is $18,000."
Both examples can't be true, unless an adult's premium is $2,000 and a child's is $5,333.
The most current information from the Congressional Budget Office and the Joint Committee on Taxation put the cost of a family policy purchased through an employer in 2016 at $20,000 vs. $15,745 last year. In 2016, average premiums for a family of four buying a silver-level plan through ObamaCare's exchange are expected to be $15,400 — before subsidies. The lowest-cost bronze plan, which is far less comprehensive than typical employer policies, would cost about 85% of a silver plan, or $13,000.
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