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Obamacare Is Sucking Up To 10% Of Americans’ Incomes

The latest dilemma facing economists is why “unequivocally good” low oil prices haven’t sparked excuberant consumer spending across America. We have discussed the simple (though awkward for the establishment) answer many times – soaring costs for ‘shelter’ and healthcare have hoovered up every penny saved (and more); and now, a new study proves it– exposing the reality thatmany Obamacare customers pay more than 10 percent of their incomes toward coverage (and some paying considerably more).

 

The shocking findings show that, as CNBC summarizes, One in 10 Obamacare customers who earn between just two and five times the federal poverty level will have coverage costs that exceed 21 percent of their incomes, an analysis by the Robert Wood Johnson Foundation and the Urban Institute found.

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