The Head Zombie is preaching about the high quality, affordable insurance that is being provided by the Affordable Care Act by saying it is cheaper than a cell phone or cable bill. Most cell phone bills average $75-$100 and cable bills can double that. There are numerous charts that show each state’s potential cost of ObamaCare and from what we have seen, count on paying anywhere from $400-$800 if you an older American without insurance, maybe less if you are in your 20’s.
We aren’t happy with our state’s new premiums as Virginia will get hit for a 250% increase once ObamaCare becomes official on January 1, 2014. If you are near 50 and live in this great state and DON’T have insurance, ObamaCare is going to cost you about $1,000 a month from a current $450 a month.
The penalty for not having insurance will be 1% of your gross income for 2014 and will jump to 2.5% in 2015. We are fairly confident the young kids aren’t going to pay $200 a month for insurance they can’t afford because they are only working 30 hours a week. If they make $20,000 a 1% hit is a $200 fine. That is a lot less than $2,400/ year.
We wanted to get this information out there because ObamaCare isn’t all it’s cracked up to be and there is a reason why so many people are against it.
As far as the market, the indexes are mixed following last week’s breakout but we still believe the rest of the month will be bullish. The Dow is down 10 points to 15,389 while the S&P 500 is lower by a point to 1,743. The Nasdaq is higher by 7 points to 3,921.
We have a lot to cover with our current trades and we have 3 New Trades we are suggesting you get into. We said this could be a very busy week so buckle-up and get ready for the action. Subscribers, check the Members Area for the updates and stay locked-and-loaded for the remainder of the session in case we have additional updates.
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