- 5 months, 3 weeks ago
We've frequently warned that Obamacare is locked in an inescapable death spiral that will result in its inevitable failure. The problem is that the folks who make too much to qualify for subsidies (currently defined as roughly $80,000 for a family of 3) are increasingly being priced out of the market for individual insurance by Obamacare's 30%+ price hikes that consistently come year after year. Meanwhile, those "rich" families making $80,000 a year are the ones expected to overpay for their health insurance so that a portion of their premiums can be "spread around a little bit" (as Obama likes to say) to subsidize the premiums of others. Of course, it's easy to see the circularity here as higher premiums equals less "full-paying" customers and less subsidies equals higher premiums...until the whole system collapses.