The Patriot Post® · ObamaCare Takes Nearly 10% of Median Paycheck

ObamaCare architect Jonathan Gruber said in 2009 the “Affordable” Care Act “really doesn’t bend the cost curve.” Today, skyrocketing prices are being felt by Americans who go to work, earn a paycheck and have health insurance (i.e., middle class America). The law is compelling millions of Americans to get more coverage, which in turn is taking a bigger bite out of paychecks. The Chicago Tribune reports, “Workers continue to be squeezed by rising insurance costs, eroding benefits and stagnant wages, the report from the nonprofit Commonwealth Fund found. Nationwide, the average contribution an employee made to an insurance premium in 2013 and the average deductible together represented 9.6% of the median income of American households with members under age 65.” In 2003, Americans were spending 5.3% of their income on health insurance. Gruber was right. And while Americans are compelled to spend almost 10% on health care, the government still demands its share of earnings. More…