The low-income Americans, numbering about five million, are caught in the coverage gap because they do not make enough to qualify for government subsidies, but make too much to qualify for state Medicaid programs.
Melissa Francis, host of Money with the Fox Business Network revealed an example of a 57-year-old barber in Alabama who makes $200 a week, about $10,000 a year.
Francis said, “He is a diabetic, he makes $200 a week, so he makes about ten thousand dollars a year, a little more than that per year…but he can’t buy some sort of coverage without assistance and he doesn’t qualify for any. If he made a thousand dollars more a year, he would qualify for a federal subsidy.”
“And these are these folks, and there’s a lot of them, that are left out in the cold.”
Last week, a report released by the Congressional Budget Office (CBO) stated that President Barack Obama's health insurance law (Obamacare) will result in a bigger reduction in working hours and a loss of 2.5 million full-time jobs.
Concerning the CBO report, Ohio Republicans told reporters, “For years, Republicans have said that the president’s health care law creates uncertainty for small businesses, hurts take-home pay, and makes it harder to invest in new workers. The middle class is getting squeezed in this economy and this CBO report confirms that Obamacare is making it worse.”
In related news, the Obama administration on Monday, by-passing Congress once again, issued another delay in the requirement on businesses to provide health coverage to workers as the administration will give employers with 50 to 99 employees more time until 2015.