At a recent Spanish language media town hall meeting, President Obama was asked a question by a man trying to buy health insurance for his family of three, but who could not afford it. The questioner, with an income of $36,000 per year, could not find an Obamacare plan for less than $315 per month, or approximately 1% of his pretax income. And that is per month, not per year. His annual family insurance cost would consume one eighth of his income. This is only for the premium. No mention yet of his annual deductible, likely another $6000 per year, about 20 percent of his annual earning. Don’t forget the copay. For a bronze plan, the least expensive Obamacare option, it’s 40 percent. This poor guy’s health insurance expenses are now north of a quarter of his income. What happened to previous claims that, “everybody will get more and pay less under the health care law”? Instead, the President told the poor guy that his priorities were wrong –...(Read Full Post)