ABOUT THOSE SUBSIDIES: ANOTHER LIE EXPOSED

Young Americans Not Receiving Promised ObamaCare Subsidies

Though the Obama administration said that individuals making under $45,960 would get Obamacare subsidies, low-income young people in most of America's big cities who relied on that promise are discovering they will be ineligible for them.

According to a CNN report, though young people are now required to purchase insurance under Obamacare or pay a fine, "many low-income younger Americans won't get any subsidy at all" because, as the Obama administration claims, the "cost of insurance is lower than the government initially expected."

In April Sebelius "told a congressional subcommittee that any individual making under that $45,960 threshold - or four times the poverty level of $11,490 for an individual - would qualify for 'an upfront tax subsidy.' 

Wrong!  As Ed Morrissey at Hot Air points out:

The trigger on this is the premium price for a qualifying "bronze" plan in the exchange for the consumer.  If the premium does not go over a certain percentage of income, then the formula produces a zero for the calculated subsidy.  The problem for these consumers is that the baseline plans still cost more than their previous options, and have large deductibles to boot.  That sets the incentives for younger consumers to bail out of the system, paying the fine and only signing up for insurance after a catastrophic event, which they cannot be denied under the new law.

That will mean disaster for the ObamaCare system...

If the subsidies don't show up, neither will these consumers. They'd be better off paying retail, which thanks to the enormous deductibles in these comprehensive plans they'd have to do anyway, rather than premiums and retail for provider services. And this is yet another point on which the administration has been less than honest with the very people who backed them through two successive presidential elections.