Friday, January 15, 2010

Marriage Penalties for Healthcare

Getting married? Already married? Obama has a wedding present for you as part of his healthcare plan - stiff penalties for dual-income households. Steve Moore reports in yesterday's Political Diary how mandatory coverages will cost married couples (and that's not rich married couples - it's all of them):


Take two low-wage workers who are considering marriage. In 2016, if each
has an income $11,800, they would each have to pay $248 as singles for
government-approved health insurance. Married, their joint income climbs to
$23,600 and they would have to pay $1,109 -- a ding of more than $600
annually.

Middle-class workers could get hit even harder. According to the
Congressional Budget Office, a single individual earning $35,400 -- three times
the poverty rate -- would be obligated to pay $3,611 for mandatory health
insurance. But two such individuals, if married, would lose their eligibility
for government subsidies and their mandatory health insurance payments would
rise to $13,100 -- a whopping $5,878 annual marriage penalty.


That's not how I want to spend my family budget.

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