There’s so much to say about this, it’s difficult to know where to start, but, I guess the first thing to say is……
It’s called the Affordable Care Act, but President Obama’s health care law may turn out to be unaffordable for many low-wage workers, including employees at big chain restaurants, retail stores and hotels.
That might seem strange since the law requires medium-sized and large employers to offer “affordable” coverage or face fines.
You see, the common misconception was that the poor people would simply get insurance for free. That was never the case, nor, the intent. Obamacare requires the poor to buy insurance they neither wanted, nor could afford.
But do the math from the worker’s side: For an employee making $21,000 a year, 9.5 percent of their income could mean premiums as high as $1,995 and the insurance would still be considered affordable.
Even a premium of…
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