Reaching a new low in sheer stupidity, CNN is now reporting that many Americans won’t be eligible for “Obamacare subsidies” because the insurance premiums in their states are too low, as if that means they are somehow being cheated. They provide the example of subsidies in Portland, Oregon phasing out at the $28,000 income level for people under age 35 — and complain that the Obama administration had “promised” a higher “threshold for government assistance.”
Or to put it simply: CNN is upset that that insurance is being sold too cheaply to trigger the need for young people to get government help to pay their bills.
As if it would somehow be better if those youngsters in Oregon could be charged so more, so that more taxpayer dollars could be sent to the insurance companies.
So, here are a few pointers for the mathematically challenged: Continue reading