What do you call it when some people pay just 4 percent of their income for health insurance while others pay 20 percent and virtually everyone but the lowest quintile of wage earners will end up paying more than they do now?
You call it a welfare program masquerading as health care reform.
In a November 2, 2009 letter to Representative Rangel, the Congressional Budget Office calculates what estimated payments will be for the health insurance “reference plan” at various levels of income in 2016. The lavish plan that the bill defines as basic, combined with the massive web of subsidies and taxes, ensures that individuals who make more than $20,000 a year are going to be paying quite a bit more for health insurance than they do now.
Here’s what the CBO estimates that single people and families will be paying by income level:
Source: Congressional Budget Office. Letter to Representative Charles B. Rangel, November 2, 2009. http://www.cbo.gov/ftpdocs/106xx/doc10691/hr3962SubsidiesRangelLtr.pdf