This Wall Street Journa l editorial clearly shows what the middle class is in for once Obamacare takes hold.Those subsidies that will be paid to Americans who participate will, over the course of several years, act as a disincentive for those receiving it to work:Central to Max Baucus's plan-assuming the public option stays dead-is an insurance "exchange," through which individuals and families could choose from a menu of standardized policies offered at heavily subsidized rates, provided that their employers do not offer coverage. The subsidies are distributed on a sliding scale based on income, and according to the Congressional Budget Office 23 million people will participate a decade from now, at a cost to taxpayers of some $461 billion. Think about a family of four earning $42,000 in 2016, which is between 150% and 200% of the federal poverty level. CBO says a mid-level "silver" plan will cost about $14,700 in premiums, of which the family will pay...(Read Full Post)