9911 Seminole Blvd. Seminole, FL 33772       Ph. 727-397-5563   View TBN's FREE e-Edition today!  
Click here to learn more
Reader's Forum Facebook Twitter
The cost of Obamacare: Is it too much?
Article published on
  Print E-Mail
On Dec. 11 a reader wrote a letter to the Tampa Bay Times saying that he was pleased that through the new Affordable Care Act his 26-year-old daughter was able to get medical insurance that also included some dental coverage. He lamented that at over $4,000 a year ($340 a month) it was quite expensive. She doesn’t qualify for any subsidy because her earnings of $30,000 put her over the threshold.

Is the cost too much? Let’s pretend the reader’s daughter is in Ontario, Canada, and earning the same $30,000 where the health care is free. Or is it free?

First, she would have to pay more in federal income tax. Her current rate of 11.08 percent would jump to 15 percent. Since Florida doesn’t have a state income tax and Ontario does, she would have to deduct another 5.05 percent for the Ontario provincial income tax.

Whenever she buys something from a retail store, instead of Florida’s low 6 or 7 percent retail sales tax she would be paying 13 percent. Over the course of a year, with everyday purchases, that adds up. If she bought a $30,000 automobile, tack on an extra $2,100 over and above what she’d be paying in Florida.

Gas for her car would be about $2 more or $5.20 a gallon (converted from liters) and heaven forbid if she likes a little vodka in her orange juice. A 1.75 liter of Smirnoff Vodka can be bought in Florida for $18. The same bottle bought in Ontario is $54. Plus she would be paying sales tax on almost everything from taxicabs to dry cleaning, even lawyer’s fees.

There is no dental or prescription coverage provided by the Ontario plan. She would be purchasing this insurance from an outside source such as Blue Cross, which includes co-pays and would add another $1,008. ($84 a month) to her health care costs.

If one were to break down the taxes that a Canadian pays (of any wage and age bracket up to 65) to get his or her free health care, plus having to pay for prescriptions and dental work out of his or her own pocket, it would work out to more than what an American is going to be paying for Obamacare.

This is offset by the fact that health coverage in Canada doesn’t include deductibles or co-pays.

The results are?

The American hospitals, especially the for-profit ones, offer the best in the world in the way of technology, equipment, treatment and low wait time, but up till now, it was only for those who had insurance coverage or who could afford it. With the Affordable Health Care Act (Obamacare) most will now qualify for those same benefits. In this writer’s opinion, Obamacare is certainly a good deal for some 37 plus million Americans. Also, it will reduce the numbers of Americans who go bankrupt for the nonpayment of medical bills.

The downside? The insurance companies who administer these programs bring in the premiums and then pay out the medical bills; what’s left over, as their profit is 12 billion dollars. Not chump change at all. Imagine if there was a not-for-profit system similar to what the Canadians have and that same 12 billion got poured back into the medical system. It would certainly help.

David Foote
Article published on
Copyright © Tampa Bay Newspapers: All rights reserved.
Printable Version E-mail article
Community Focus Online
Featured Print Advertisers
Florida Center for Back & Neck Pain
Dr. Greg Hollstrom
11444 Seminole Blvd.
(727) 393-6100

Web site        View Ad
Bell Hearing Instruments, Inc.
801 West Bay Dr., Suite 405, Largo (727) 585-2675
Factory Location
700 Stevens Ave., Oldsmar (813) 814-2355

Web site        View Ad
Flooring America
9012 Seminole Blvd., Seminole
(727) 397-5509
100 Patricia Ave., Dunedin
(727) 733-1356

Web site        View Ad
Oakhurst & East Bay Medical
13020 Park Blvd., Seminole
(727) 393-3404
3800 East Bay Dr., Largo
(727) 539-0505

Web site        View Ad
Casino Over Under

Web site        View Ad
Donna's Cleaning Angels
(727) 942-8289
Web site        View Ad
NuSmile Dental
13611 Park Blvd., Suite G
(727) 475-7866

Web site        View Ad
Custom Couture of Tarpon Springs
208 East Tarpon Ave., Tarpon Springs
(727) 238-7194

Web site        View Ad
Abbey Carpet & Floor of Largo
13120 66th St. N.
(727) 524-1445

Web site        View Ad
Tarpon Springs Recreation Division
Sunset Beach Concert
Red House Road, 8/6 @ 7 p.m.
(727) 942-5628

Web site        View Ad
Tarpon Springs Merchants Association

Hippie Fest
Saturday, Aug. 15 @ 5-10 p.m.

Web site        View Ad
Tampa Bay Newspapers
Online Advertising
For information, e-mail
Online Services Directory
Tampa Bay Newspapers
9911 Seminole Blvd.,
Seminole, FL 33772
Phone: (727) 397-5563
Fax: (727) 397-5900
Submit News