Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • Debbie Young
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

An Obamacare True Story

October 3, 2013 By Richard C. Young

Small business owners around the country are already feeling the financial pain of Obamacare. Blue Cross is telling small business owners that their rates are going up big time. The reason? Obamacare. Here is a first-hand look, as explained at National Review.

To compute our new Obamacare-era rates, Blue Cross did not simply levy a higher rate across the board. Rather, it calculated a new rate for each and every employee, based individually on his or her age and family circumstances. The sheet showing this calculation may be found here. (I have blanked out the employees’ names for privacy.)

The size of the Obamacare-driven rate increase varies greatly from employee to employee, ranging from 15.1 percent at the low end to 103.1 percent at the high end. Despite the fact that my employees vary in age from 25 to 64, not a single one had his or her rate decrease.

The 38 percent increase in our health-insurance bill will represent an amount equal to 4 percent of the entire company payroll. Thus, on average, Obamacare will cost my employees an amount equal to a 4 percent raise, or require that the workforce be reduced by 4 percent, or some combination of the two.

Fewer jobs, at lower pay. That’s what Obamacare means. There is no reason to believe that the experience of my company is exceptional, and if it is not, then we could be looking at something like a 4 percent loss in American workers’ income, whether experienced as lost jobs or lost wages.

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Obamacare Operation!
  • "Obamacare Enrollment Crash"
  • Obamacare is Still Vulnerable
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
Latest posts by Richard C. Young (see all)
  • Donna: The Queen of Louie’s Backyard, Key West - March 27, 2023
  • Biden’s Fake Democracy Summit: Hungary and Turkey Snubbed - March 24, 2023
  • DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians - March 24, 2023

Dick Young’s Must Reads

  • What’s the Best Survival Currency?
  • Paris, The Palace Hotels: Part I
  • Why Investors Should Forget Prices and Focus on Income
  • Hungarian Hardliner Viktor Orban Shows European Globalists the Way
  • U.S. Survival AR-7
  • Remembering Brent Scowcroft
  • Robo-Advisors: When You Have a Lot More to Lose than Money
  • “An Epic Struggle Over the Definition of America”
  • America’s Silent Army with 423M Guns
  • Are You Prepared to Run Out of Water?

Disclosure

RSS Youngresearch.com

  • “You Just Have to Be Willing to Move Defensively”
  • Americans Are Fleeing Bank Deposits
  • If You’re a Highly Effective Person, We Should Talk
  • Trouble Now Brewing at Deutsche Bank
  • Is Vanguard Voting Against Your Political Beliefs?
  • Are 0DTE Options a Threat to Markets?
  • “I Need Preservation of Principal and Growth”
  • Are You Fairly Wealthy? I’m Listening
  • Treasury Studying How to Increase Deposit Insurance
  • Your Survival Guy’s BEST Insider’s Guide to Key West

RSS Yoursurvivalguy.com

  • “You Just Have to Be Willing to Move Defensively”
  • Did SVB Fail Because of Climate Change?
  • If You’re a Highly Effective Person, We Should Talk
  • What’s Happening to Charles Schwab?
  • Prepare for the Predictable
  • Is Vanguard Voting Against Your Political Beliefs?
  • Call It the Difference between Normal and Crazy
  • “I Need Preservation of Principal and Growth”
  • DEMOCRATIC SENATOR: Biden’s ESG Veto “Absolutely Infuriating”
  • Are You Fairly Wealthy? I’m Listening

The PRC Aims to Make Taiwan a Pariah Nation

“You Just Have to Be Willing to Move Defensively”

Donna: The Queen of Louie’s Backyard, Key West

Biden’s Fake Democracy Summit: Hungary and Turkey Snubbed

Freefalling at Stanford

If You’re a Highly Effective Person, We Should Talk

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives