Friday, November 15, 2013

$174K-Per-Year Congressmen Will Get Special Obamacare Subsidy

congress, subsidy(CNSNews.com) – Under Obamacare -- as it is being implemented under a regulation issued by the White House Office of Personnel Management (OPM) -- a middle-aged member of Congress who earns an annual salary of $174,000 from the taxpayers, and who has a wife and children, will get a $10,000 subsidy from the taxpayers (over and above his $174,000 salary) to buy a health insurance plan that a regular citizen making almost $80,000 less than the congressman will not get.
The Affordable Care Act (ACA), popularly known as Obamacare, included language mandating that members of Congress and their staff buy their now-mandated health insurance plans through a government exchange.
The laws says: “Notwithstanding any other provision of law, after the effective date of this subtitle, the only health plans that the Federal Government may make available to Members of Congress and congressional staff with respect to their service as a Member of Congress or congressional staff shall be health plans that are—(I) created under this Act (or an amendment made by this Act); or (II) offered through an Exchange established under this Act (or an amendment made by this Act).” (See Section 1312(d) of the law)
Americans in the private sector who buy health insurance through the Obamacare exchanges only get a federal subsidy (a tax credit) if their income/family situation is below 400% of poverty, the ceiling for which is $94,200 for a family of four.
Via: CNS News

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