Skip to comments.CBO: Health Bill Would Force Families to Buy Insurance Costing a Minimum of $12,000 Per Year
Posted on 03/19/2010 12:57:14 AM PDT by ErnstStavroBlofeld
If Congress passes the Senate health-care plan, according to an analysis by the Congressional Budget Office, American families will be required by federal law to buy a federally approved health insurance plan that will cost a minimum of $12,000 per year--and, on average, will cost $15,000 per year -- whether their employer or the government helps them with the premium or not.
Beginning in 2014, the Senate plan would require all individuals to buy health insurance. Anyone who does not obtain insurance through an employer would be forced to buy it out of their own pocket. Families of four that make up to 400 percent of poverty level--currently $88,200 per year--would receive a subsidy from the government to help pay for their premiums. That subsidy would attenuate as their income increased and would disappear when their income reached the 400 percent of poverty level.
Families earning more than $88,200 a year (or whatever 400 percent of the poverty level equals in any given year) would be entirely on their own. Under the Senate bill, employers would not be required to purchase health insurance for their workers, and if they decided not to do so, the maximum penalty they would have to pay would be $750 per year for each worker they did not insure who subsequently received a federal subsidy to buy insurance. The $750 penalty on employers who decided not to insure their workers would be far less than they would pay in premiums for the $12,000 minimum required plan.
(Excerpt) Read more at cnsnews.com ...
if this won’t gag a maggot what will?
What’s the betting pool on CBSABCNBC actually reporting this fact on the evening news????
LOL I don’t even spend half of that on living expenses per year. Shove that insurance up your 0bama!
So we'll work until April 13 to pay taxes. (Tax Freedom Day- 2009)
And then we'll work another 95 days till July 17th to pay for health insurance.
($12000/$46000=26.1%*365 days = 95 days).
Quite a few live even longer than us, so where's the money going?
I have been waiting for some organization (RNC) to put up one of those calculators that explains what this bill means for a family of four which earns x number of dollars in income a year. They should break it down by both insurance costs, increased medical costs, and extra taxes a year. Then they should remind people that costs for programs like this are always underestimated so they can expect to be paying even more.
After that they can explain the loss of doctors and services, the new taxes on various medical items, and the rationing and long waits that are to come. This fix actually makes the problem worse. People need to see that.
Someone can correct me if I am wrong but...
I saw on Fox Business that LARGE FIRMS will be fined $2000 per employee for NOT providing insurance.
Seems to me $2000 is a pittance, and that insurance policies cost much more.
So my guess is millions will be dropped on insurance, people will have to buy their own, won’t be able to afford it, and B. Hussein Obama will have his excuse for an “affordable public option.”
And there you have communism.
Well, there goes a third of MY income...
That is rather puzzling.
The democrats know that what they are doing is impossible and will result in the collapse of the American health care system and will further their goal of destroying the American free enterprise system and economy.
That's the idea. America must be wrecked and shattered in order for it to be rebuilt as part of a socialist global government instead of the impediment to that global government that it is today.
All of this is intentional, deliberate, and planned. And it's far from over.
As an employer I can tolerate that, but the employees sure are going to get a bum deal. (Including those I won't be hiring because my volume of business is reduced).
Of course the purpose of this $12,000 is not to buy the average family health insurance; it is for the average family to buy health insurance for everyone who does not buy health insurance.
And of course the purpose of the low ball fines to businesses that do not buy insurance for their employees is to force those employees in to the government option.
Yep. The rest of the socialist world sees the US as the biggest obstacle to world government there is at present. By passing this bill it will allow costs to increase even more than they are now, and many more people will be without insurance. Then they bring in the real government run health care when people are screaming for government to step in.
Create the problem then provide the solution.
Mrs. Prince of Space
My first thought after reading the paragraphs was “this is INSANE!”
Your employer will go to paying $2000/year to NOT provide health insurance to you, and in theory would pass on the savings for what it doesn’t spend. But it will now count in your taxable income. You end up scrod.
Just a little bit to late right now to do something like that. The vote is to be Sunday at the latest.
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