Does the Affordable Care Act have to be affordable?
Peter Johnson, Jr. weighs in
- Duration 3:31
- Date Jan 2, 2013
Peter Johnson, Jr. weighs in
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But now the government is saying some of that health care employers are being required to provide.
May not have to be so affordable after all here to explain Fox's legal analyst Peter Johnson junior.
Peter what changes -- it.
This was in the a little reported almost buried federal register.
Regulation that people can comment on now and what it basically says is.
Yeah health care has to be affordable for the employee but not for the spouse.
Or the child dependent infected says the spouse is not independent under the Affordable Care Act.
And it says we don't know whether there's going to be subsidies.
For spouses and dependents that there are for other people.
-- -- -- Affordable Care Act becomes kind of a misnomer win.
The spouse and the children up to age 26.
Are not receiving the same type of affordable care we know that corporations pay less today and more.
-- even going forward.
And and and it's Basque Country so let's look at the average -- employer based health premiums for example if you're single in 2010 and the coverage was 5049.
-- -- we coverage is thirteen seven -- 770 dollars.
Now as fast forward to 2012.
Single coverage 500615.
Stanley coverage 15100745.
That's an increase of 566.
And but for -- in 1975 -- coverage in the White House -- civil you know.
-- premiums and -- decrease.
And dollars so that's pretty pretty.
What was soul was affordable healthcare for everyone now is -- begin to -- -- out we'll see that.
If you are paying more than nine and a half percent and we have a an IRS ruling on that they're paying more than nine and a half percent.
Of your own coverage that it's not affordable.
Rule does not apply to spouses.
So everyone is delighted and it's a great thing that -- coverage now up to age 26.
But there's no federal protections.
There's no federal caps there's no federal limits about how much.
An employee he will pay for that coverage so under the law.
An employee can -- 1%.
Of his or her income to pay for the children's.
Health coverage and some including may find that to be.
-- really really strangely we spent all this money oldest time.
And and we don't know what's gonna but we do know that people -- be paying more.
If they have a family and if they have a spouse and there's not going to be any federal protection for them.
That it's not above nine and a half percent and every other income and -- seems to be paying more because for those who didn't have insurance there's a promise that they will have well also loses the truth is -- -- we talked about this for years so there's no protection.
Health care cost.
And going up is it in in this country health care cost -- enactment of obamacare have continued to increase.
A lot of health care experts.
A lot of economists -- said that it will continue.
To rise going forward.
Without any and inside because their reinsurance they're paid for it to the price will go up correct twelve minutes now before the top of the hour Peter -- junior look at some of the things that are gonna be folded into your tax bill thanks so much in the year everybody can welcome the 2013 welcome.