Thursday, June 23, 2011

More "savings" from Obamacare

President Obama's health care law would let several million middle-class people get nearly free insurance meant for the poor, a twist government number crunchers say they discovered only after the complex bill was signed.

The change would affect early retirees: A married couple could have an annual income of about $64,000 and still get Medicaid, said officials who make long-range cost estimates for the Health and Human Services department.

If a married couple retires at 62 receiving the maximum Social Security benefit of $23,500 apiece, and receive $17,000 from other sources, they would qualify for Medicaid with a total income of $64,000 (until age 65, when they qualify for Medicare).

This unintended new give away (hidden in the fine print of the legislation no one read) will cost billions in federal and state tax dollars.

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