Posted on 09/19/2012 1:59:33 PM PDT by Free ThinkerNY
Six million Americans will pay the health care tax rather than obtain coverage under President Obamas health care law, according to a new Congressional Budget Office estimate Wednesday a 50 percent increase over CBOs estimate of just two years ago.
CBO also said there will be 30 million people without insurance, though all but the 6 million will be exempt from the tax. The exempt Americans are a combination of illegal immigrants and those with incomes too low to pay income taxes.
The agency said the government will collect about $7 billion from the tax in 2016, and $8 billion a year thereafter.
The projections apply to 2016, the point at which most of President Obamas health care law will be implemented and the penalty for failing to buy coverage will have risen to its full amount of $695 per person or 2.5 percent of household income, whichever is greater.
The agency gave several reasons for revising its projections. For one thing, Congress has passed legislation requiring Americans to pay back more health insurance subsidies if theyre overpaid, making buying coverage less attractive.
The economy is also improving more slowly than expected, leading to lower wages and salaries that could make it harder to buy coverage.
(Excerpt) Read more at washingtontimes.com ...
Try to get it from me you f'ing kenyan.
This is outrageous. And the fact we can’t even use it against this bastard as a campaign issue thanks to Romney being the nominee is even more outrageous.
Obamacare being hit hard would have drowned Obama for good, but what was said at the RNC convention? One line about it.
SMH.
So, if we pay the $695 fine do we get full coverage? If so, then who in their right mind would actually buy insurance?
No one. Obamacare was designed to put the insurance companies out of business.
No one. Obamacare was designed to put the insurance companies out of business.
No you don’t get ANY coverage for $695.
That’s the penalty the govt is charging you for not having insurance through your employer, or purchasing insurance for yourself, or being poor enough for medicaid and getting it free from the govt.
I think I'll pay $Zer0 and you can come and get me.
So the FedMob will reverse the law the requires all hospitals to provide emergency care that receive FedMob funds?
Good, because I’ve been paying (a lot) for my own for years now... and would be pretty upset to see everyone else (who can afford it, but chooses not to bother) get the same thing for free.
“The exempt Americans are a combination of illegal immigrants and those with incomes too low to pay income taxes.”
Illegals are Americans. Got it?
Remember three years ago, how we heard over and over that it was so important to impose Obamacare on ALL of us because there were those 30 million uninsured people who needed coverage? And now the number of people who will remain uninsured under Obamacare is... 30 million.
Romney is a fool if he doesn't bring this up in every debate.
Romney being the Godfather of Obamacare does preclude it, doesn't it?
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