Policy Update – 2009/9/9
Martin Feldstein: Cost of Obama Care will approach $2 trillion.
Baucus: You will pay up to $3,800 tax if you don’t get health insurance.
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The Marty Feldstein estimate is an eye opener.
I think the Baucus tax is potentially much higher.
The draft that is circulating around says that if employers fail to provide insurance, they must pay a tax equal to the subsidy people will be eligible for in the Exchange. For family coverage we are talking about $12,000 at least and for a low income family, the govenment subsidy is going to be $9,000 or more. And that $9,000 fine, of course, will come out of the wages of the worker.
Why hasn’t the national news media covered these goon squad tactics on the left?
[...] previously reported, once Obama Care is fully phased in, it will cost $2 trillion, not $1 trillion. The bill writers have been playing tricks with the ten-year window to make things [...]