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A one ...two...punch for the
baby boomer self employed

American Thinker, by B. Phillip Johnson

Original Article

Posted By:magnante, 10/1/2013 9:02:31 AM

I got my letter today. I was self employed for my business career. No retirement after 20 years and no pension. I was required to save for my retirement and rely on the expected historical yields that I have come to expect from my 60 years. The major insurance company with which I have had my family health insurance for over 20 years said they are no longer offering the policy under which I am covered. It was a high deductible. In other words, I paid nearly all of my bills out of pocket. Didn´t particularly like it, but settled for it. Now

      


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Reply 1 - Posted by: MisterDickens, 10/1/2013 9:13:06 AM     (No. 9544468)

He means communism, not socialism.

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Reply 2 - Posted by: doublesharp, 10/1/2013 9:19:59 AM     (No. 9544478)

Regardless of which ism this attack on the self reliant it, this author gives an excellent report on what happens to independent achievers forced to participate in Obamacare. Also a concise evaluation of the insidious hidden tax effects of 0 interest returns, none of which are unintended consequences.

Worth the read and it´s to the point so it doesn´t take long.

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Reply 3 - Posted by: GoDeacs79, 10/1/2013 9:33:21 AM     (No. 9544500)

The entire domestic political process has become focused around who can do the most for the non-productive people living off the public teat. There is never any discussion centered around the consequences that are hurting those of us who are trying to make it on our own. It infuriates me every time I hear that nonsensical Obama line about growing the economy from the middle out. Nothing more than idiotic campaign rhetoric meant to appeal to lofos who think successful people are thieves and anyone who owns a business has unlimited funds which the government has a right to take and give to them.

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Reply 4 - Posted by: craige, 10/1/2013 9:36:22 AM     (No. 9544508)

Investment income: buy income property and get a 7% return.

Doctor: concierge service. Give the doctor some CASH at your appointments.

Welcome to the ´new normal´.

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Reply 5 - Posted by: chicodon, 10/1/2013 10:09:22 AM     (No. 9544547)

Received my cancellation letter a few days ago. I think the train is heading into the tunnel and not out. They´ve only got 90 days to fix this mess and it´s virtually impossible. The signups are bad enough but the real SNAFU will be between the doctors, pharmacies and computer services that calculate subsidies. If they have you pay the wrong amount it´s going to open up lawsuits. As of today it is not ready.

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Reply 6 - Posted by: AnnG, 10/1/2013 12:01:07 PM     (No. 9544752)

As someone who is self employed, I know exactly what he´s talking about. I have been paying for my own health insurance, husband included, since 1998. I also received notice on the change. Not good.

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Reply 7 - Posted by: whyyeseyec, 10/1/2013 3:20:03 PM     (No. 9545070)

Depending on one`s income level, embedded in Obamacare, a $1.00 increase in yearly income could end up costing a huge increase in the amount an individual will have to pay for their health care cost. This is, of course, an intended consequence an a disincentive to increasing one`s yearly earnings. Receive a $1000/yr increase in pay may end up costing several thousands of dollars increase to your personal health care.

Obama/Reid/Pelosi think is a good idea.

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B-G1


 
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R_DBL_B
  


 
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