Menu Close

How Obamacare Screwed The Stuges

This is a syndicated repost published with the permission of David Stockman's Contra Corner » Stockman’s Corner. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

This is the story of John and Mary Stuge, an older couple from Lohangen Groves, Florida, a small town just west of Mommunnie. John and Mary own a cleaning business. They clean houses and businesses. It’s a small business. They have no employees. In a typical year they earn around $57,000 a year, about the…

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

2 Comments

  1. fssbob

    Given the way Obamacare’s sliding subsidy scale works, it’s hard to believe that $10,000 additional income could move a couple from heavy subsidy to no subsidy. Can you elaborate a bit on this? Thanks.

  2. Lee_Adler

    fssbob I can only speculate that it has something to do with the astronomical cost of insurance for people in their sixties, at least in Florida. 
    I suspect we’ll see more stories like this in the mainstream media in the days ahead.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading