Quote:
Originally Posted by Darrell Green Fan
I made this comment in another thread. Inflation post COVID was a worldwide issue, if you look at where the US ranked in 2023 on the list we are far far down that list. To blame the Biden Administration for a problem that was a global problem and far worse in so many other countries is flat out wrong. By the way the Inflation Reducton Act succeeded. Inflation was cut nearly in half from 22 to 23. .
As for the ACA the income limits for subsidies goes to $58,320, For a 2 person household that figure goes up to $78,880. That is most definitely middle class in America so again your claim that the ACA prevents lower and middle class workers from qualifying is simply not backed up by the facts.
https://www.goodrx.com/insurance/aca/aca-income-limits |
I said accelerated which means inflation was already moving and any economist will tell you that the Inflation Reduction Act contributed to the increase in the inflationary rate (In fact none of it was designed to lower inflation, the name was pure propaganda).
As for the ACA rates are based on 400 times the federal poverty level. They only take into account insurance rates for adjustment not the cost of living for different areas. Middle class (family of three) varies according to an areas cost of living. You used the middle-class definition at the national level 49-148K, but in Maryland for example it is $66k-197K and in really high areas (San Fran) it begins at $250K. Millions of people, all middle class, who had insurance prior to ACA, had to drop insurance and do without because it massively drove up costs and they couldn't afford it any longer. There were winners and losers in ACA, and the biggest losers came from the middle class.