See America? He feels your pain… sort of:
Under Obamacare, even President Obama would see a shocking jump in insurance costs by more than 48 percent in some state insurance exchanges such as Wisconsin’s where he could potentially see his total premium and out of pocket costs skyrocket from $21,707 a year to $32,200.
To determine the impact on the president, Secrets and Mike Farrell, an insurance broker in southeast Wisconsin, worked up an Obamacare bill and found that the president would face the same kind of rate shock in Middle America that applicants are complaining about if he chose to leave the Federal Employees Health Benefits (FEHB) Program for his namesake plan.
A “standard family” like the Obamas in the Blue Cross and Blue Shield Service Benefit Plan face an insurance premium of $1,392 a month for the best plan, or a total of $16,707. Add to that the out of pocket expenses in that plan of $5,000, and the final total in a worst case scenario is $21,707.
Fortunately for the president, the taxpayers subsidize most of that premium.