Skip to comments.IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family
Posted on 02/01/2013 11:38:38 AM PST by SoFloFreeper
In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.
Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.
The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.
(Excerpt) Read more at cnsnews.com ...
Pretty damn significant difference between the assclown's promise of "lower insurance" and the reality, isn't it?
I can hardly wait for this to be on the network news.
If true, this is obviously beyond the reach of millions of people.
After the outrage will be an easy sell to single payer system. Mission accomplished.
Thanks a lot Congress.
If these policies are going to cost that much, I can see millions saying blank this,and pay the penalty instead.
But if millions decide not to be insured, won’t that defeat the promise of Obamacare, that everyone will have health insurance???
Also, little noted in last year’s Supreme Court decision, was that states can opt out of the Medicaid expansion. There too, we could still see many millions uninsured. Add in the illegal aliens, whom Obama assured us were not to be covered by Obamacare, and you will still see tens of millions of uninsured clogging emergency rooms, with the rest of us holding the bag.
Instead of pushing Illegal Alien Amnesty, the GOP should be fighting ObamaCare.
Or, does the GOP plan to put all Illegal Aliens on ObamaCare?
Our family plan, typical 80/20. med, eyes, dental, script card, and 100 deduct costs 20,000. I bet (if this is true) the govt plan won’t be nearly as good as any private plan. Remember when they were saying $999/person/year; ya right.
If anyone thinks people will be paying this much, stand on your head.
It’s supposed to be this high so people can’t pay it and they’ll get the “free” version once the government can rescue the underclasses from the oppressive 0.01% of the “rich” that are hoarding all the healthcare.
That’s the amount that a working family will pay so that the indolent democrat-voters will get theirs “free”.
Do you think that finally the American voters will get their heads out of their a$$e$ and realize what a big mistake they made?
( I don’t)
It will be subsidized heavily so the poor can afford it...
But hey, that’s only the bottom of the barrel bronze plan...
Imagine what the platinum top plan costs...
Of course we will soon hear how those numbers are way off, and the IRS made an error, etc.
Wouldn't it have been much easier and cheaper to pass around the proverbial hat to just pay the insurance of these 10 million new patients? There will be riots...
I am of the opinion that we cannot afford the medical technology that has been developed. Sooner of later we are going to have to face up to that reality.
“I bet (if this is true) the govt plan wont be nearly as good as any private plan.”
You are absolutely right. The IRS estimates of $20,000 a year were made for the BRONZE plan. This is the worst of the four plans that will be permissible under Obamacare. This plan pays about 60% of medical costs. One significant surgery that requires 4 days in the hospital will have most families considering bankruptcy under the BRONZE plan.
This will be the catalyst for several disruptions to the economy that will result in tremendous inflation over the next several years and an effort on the part of employers to reduce the number of employees covered by the law.
Wages will have to skyrocket in order for working people to pay the outrageous insurance premiums or the alternate fines.
Companies will have to increase prices to cover the cost of higher wages as well as the costs of their contributions.
And, at the same time, companies will seek every possible way to reduce employment, lessening their healthcare related costs. They will automate, downsize, sub-contract, move out of the USA, etc.
Thanks to Obama, within five years American prosperity will be a vague memory.
“It will be subsidized heavily so the poor can afford it..”
Can you say ‘vouchers’? I knew you could....
Insurance isn’t cheap.
per person it will probably be like 4 to 5 grand a year. that’s not that much.
an MRI cost like 2-3 grand alone
ObamaCare’s Broken Promises: Every one of the law’s main claims turning out to be false.
It doesnt matter to leftists. INTENTIONS are all that matter, results do not.
it is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong. Thomas Sowell
Like anything else, far more people could afford it if the government did not distort the health insurance market.
I don’t think the search works for 3-letter words, FWIW.
IRS: Cheapest 0hbamacare Plan Will Be $20,000 Per Family
Check out article, and comments # 1 through 16.
Some estimates place the cost of drug development between 800 million and 1.1 billion.
This is why I hate this 'health care is a right' nonsense. Suppose they come up with a treatment for, I dunno, diabetes. It's a miracle treatment, but it costs a billion dollars a patient. But, health care is a right, so someone HAS to pay for it, even if it bankrupts your economy. The absence of market forces will do these sorts of things.
“an MRI cost like 2-3 grand alone”
I had a simple MRI on my foot 6 mos ago. 3,000 bucks. BC/BS paid 400. I paid 250 co-pay. If I hadn’t had insurance then they would have charged me 3,000. If I could get the same deal that the insurance co gets I wouldn’t need insurance.
The only people get free obama care are obama phone ladies, everyone else gotta pay
The goal of Obamacare is to put private health insurance out of business, leaving government as the sole provider. Then they've got you by the balls.
If medical and hospital accountants ran the bus company, it would cost 10 Grand to cross town. At one point there were so many competing MRI units in my town, that they were doing no-prescription walk-ins for $300!
At the same time, in took 18 months to get one in Canada. There must be some sort of instructional value to this.
My wife had an MRI Tuesday that cost $4200.
Very interesting point you have there.
Yea, it’s called capitalism. The old supply and demand thing.
$0.5 to $1.5 billion and 10 years on average, with the clock on the patent ticking the whole time. Out of every 10,000 compounds that enter the clinical testing phase 1-2 will make it to market.
Strangely though the Mexicans can afford the medicines that we can't afford here.
Maybe the problem is that healthcare is overpriced. An hour in a surgical room designed especially for Heart Cath can cost you $100,000.00.
If the demand is artificially stimulated by free medical care, or if the supply is artificially limited by regulation or collusion, the Law of Supply and Demand gets a bit warped in the process.
The co-pay of $250-300 is in many cases, the realistic value of the service! The physician-owned MRI units charge the insco $4500, or whatever they can get away with. In their defence, such as it is, when the Gonzalez brothers ... all 18 of them...get their MRIs for "free," the MRI company graciously waives the co-pay and probably only bills the funding agency a low, low $2800 each!
I claim that the medical accounting theory is all screwed up ... like oil depletion allowances... entertainment business practices ... municipal road contracts, etc. The main thing screwing it up is that millions receive medical services for free, while thousands pay for insurance and make co-payments. That's hardly "capitalism" in action.
Yea. I talked to my Dad about this very thing last night. He is a 50 year practicing pediatrician. Semi-retired now, you want to get him pissed start talking about regulations, medicaid, insurance etc. He doesn’t even like to think about it. Says he pays office employees to handle that, he just can’t deal with it. At the end of the day they’ll be a stack of papers on his desk and he just signs.
His biggest thing is Doctors who won’t take Medicaid. Probably 60% of his practice is medicaid. He needs to refer a patient many times he can’t cause he can’t find a specialist who will see them.
Growing up, kids in school thought we were “rich”. Far from it. At one time he was the only pediatrician in 3 counties who took Medicaid. Every medicaid patient was a net loser money wise. When you factor in all the no pays then it was a balancing act just to pay the bills. It’s not the kids fault. What’s he supposed to do, tell a sick 6 yo he can’t see them?