Isn’t this amazing?
Via Daily Mail:
About seven out of every eight Obamacare insurance customers who enrolled between November 15 and mid-December are poor enough to qualify for taxpayer-funded subsidies designed to lower their monthly premiums.
The Department of Health and Human Services reported that number Tuesday, saying it’s up from 80 per cent a year ago.
Americans who participate in government-brokered medical insurance can get subsidies from the federal treasury if their households earn less than four times the government’s official ‘poverty’ level.
That situation describes 64 per cent of all U.S. residents, according to the Kaiser Family Foundation. But far more are qualifying, suggesting that the Obamacare subscriber base is dramatically tilted toward low-income earners.
And as poor Americans depend inreasingly on handouts to manage their monthly health insurance bills, the U.S. Supreme Court could be months away from invalidating the entire subsidy system that supports the 34 states that chose not to run their own Obamacare marketplaces.