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Obamacare 2016: Expect Insurance Premium Hikes of About $400 Per Family
Washington Times ^ | February 8, 2013 | Douglas Ernst

Posted on 02/09/2013 11:18:02 AM PST by lbryce

Edited on 02/09/2013 11:24:38 AM PST by Admin Moderator. [history]

There were a lot of taxes in The Affordable Care Act that Nancy Pelosi famously said "we have to pass the bill so that we can find out what's in it." The American Enterprise Institute has tracked some of the taxes enacted on the medical and pharmaceutical industries, and they are expected to raise billions ó in the short term. However, those costs still have to be paid, and consumers are expected to shoulder many of them in 2016.


(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: obamacare
In short, Obamacare is warping market forces in ways that will create an endless feedback loop, ultimately increasing costs for and applying pressure upon small businesses.

Looking at Obama's policies, I see a well thought out Machiavellian strategy designed to impact America in the worst possible way well after he has gone for decades to come. Small businesses have comprised the backbone of America's economic strength and vitality, and burdening them with programs like ObamaCare only serves to sap our ability to get out from underneath these very economic traps he has set up with such sinister intent.

And then there's the drone controversy that is the president's pet project, one he has championed as his very own, yet represents the very issue he profusely had been railing against, having gone global on his non-stop apology tour in his first term, condemning the evil that America is, had wrought against the world.

Yet, despite the questions of its legality, he continues to utilize drones, only recently defending its use as legitimate as more and more liberals speak out for allowing the carnage of collateral damage to continue, killing innocents abroad, wiping out entire families in the process.

I haven't seen a single mention of this, but it is my adamant belief that the sole purpose of his utter dedication to the use of predator drones has nothing to do with fighting terrorism as it has to do with his deliberate sowing of hatred, vehemence against America by survivors, witnesses for generations to come.

1 posted on 02/09/2013 11:18:11 AM PST by lbryce
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To: lbryce

Isn`t that the end game, to herd all the sheeple into ‘single payer’ aka total Gov.t controlled ObamaDeathCare?


2 posted on 02/09/2013 11:23:33 AM PST by Para-Ord.45
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To: lbryce

In 2050, when Chinese students are studying the fall of the American Empire, they will point to the 0bama regime and ask “What were they thinking?”


3 posted on 02/09/2013 11:24:16 AM PST by henkster ("The people who count the votes decide everything." -Joseph Stalin)
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To: lbryce

Tiny family small biz here. Blue Cross informs premium
to rise 30% this year in March.

A Nemo storm of taxes over the horizon for everyone.
It’s just arriving. Is everybody happy?


4 posted on 02/09/2013 11:27:33 AM PST by deep trout
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To: lbryce

I’ve whined about this already, but I will do it again. My deductible went up $80 a month Jan. 1. It will go up another $80 in July for a grand total of $160 more a month. That equals my raise for the year. I am thankful I got a raise but it doesn’t help much when everything else costs more and more.


5 posted on 02/09/2013 11:34:34 AM PST by vpintheak (Occupy your Brain!)
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Comment #6 Removed by Moderator

To: deep trout

i was going to say; i’ll take a $400 increase at this point...I’ve seen a $7000 increase the past two years...


7 posted on 02/09/2013 11:46:58 AM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Para-Ord.45

I can almost hear the “47%” squealing like the little piggies they are when the whole sham stats to hit home. They really thought it meant “free” healthcare...


8 posted on 02/09/2013 12:02:43 PM PST by trebb (Allies no longer trust us. Enemies no longer fear us.)
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To: Para-Ord.45

You are right about that. It is a shame they will ruin the best medical system in the world. It is also a shame they created this crisis in the first place with ll of the meddling the last nearly 50 years.


9 posted on 02/09/2013 12:05:44 PM PST by PghBaldy (12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
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To: lbryce

There’s no telling how high it’s going to go when the DREAMers and Pathway Amnestistas are added.


10 posted on 02/09/2013 12:08:34 PM PST by FlingWingFlyer (Now Playing. Obama II - The Revenge of My Father.)
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To: lbryce
Obamacare is an orchestrated crisis. . with endless ramifications. . none of them good.
11 posted on 02/09/2013 12:23:08 PM PST by Art in Idaho (Conservatism is the only Hope for Western Civilization.)
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To: trebb

Spot on. When gubmint h-care denies treatment to a progressive’s loved one the cry will go up. They will be begging the local gov h-care commissar for a favor,
just like all commie systems. All’s fine till you are
on the wrong side of the needle.

It does not have to be this way, even progressives will be hurt.


12 posted on 02/09/2013 12:23:19 PM PST by deep trout
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To: lbryce
. . but it is my adamant belief that the sole purpose of his utter dedication to the use of predator drones has nothing to do with fighting terrorism as it has to do with his deliberate sowing of hatred, vehemence against America by survivors, witnesses for generations to come.

Bingo! Fits right in with his "everything he does is anti-American". . whether it's here or abroad.

13 posted on 02/09/2013 12:28:53 PM PST by Art in Idaho (Conservatism is the only Hope for Western Civilization.)
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To: lbryce

This works out to a $5/hour pay cut, except you still have to pay full taxes on the $5/hour you used to make. When you go to the doctor’s office expect to wait behind the leisure class lard balls that will be getting free gold-plated healthcare at your expense. Barky said healthcare was being made affordable, he just didn’t say for whom.


14 posted on 02/09/2013 12:37:08 PM PST by Reeses
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To: lbryce

The GOP was too stupid to take advantage of information out there and make effective ads and debate points on this. The low information voters will be as surprised by these penalties OR high insurance policy costs come 2014. I hope it isn’t too late for the mid-term elections. Many were surprised by the expiration of the tax holiday for 2% ss/medicare taxes. Come on GOP do your job. I made the mistake of donating again this past election cycle only to be disappointed again. I won’t donate this next cycle until they PROVE they are ready to fight the fight.

The good news is that, for most people, the “penalty tax” for those who choose not to buy health insurance will cost a lot less than health insurance.

As with everything tax-related, there’s no simple answer to “How much is the Obamacare penalty tax?” But here are some key points, from FactCheck.org:

The penalty/tax will be phased in from 2014 to 2016.

The minimum penalty/tax in 2016 will be $695 per person and up to 3-times that per family. After 2016, these amounts will increase at the rate of inflation.

The minimum penalty/tax per person will start at $95 in 2014 (and then increase through 2016)

No family will ever pay more than 3X the per-person penalty, regardless of how many people are in the family.

The $695 per-person penalty is only for those who make between $9,500 and ~$37,000 per year. If you make less than ~$9.500, you’re exempt. If you make more than ~$37,000, your penalty is calculated by the following formula...

The penalty is 2.5% of any household income above the level at which you are required to file a tax return. That level is currently $9,500 per person and $19,000 per couple. The penalty on any income above that is 2.5%. So the penalty can get expensive quickly if you make a lot of money.

However, the penalty can never be more than the cost of a “Bronze” heath insurance plan purchased through one of the state “exchanges” that will be created as part of Obamacare. The CBO estimates that these policies will cost $4,500-$5,000 per person and $12,000-$12,500 per family in 2016, with the costs rising thereafter.

So, basically, you’re looking at penalties of approximately the following at the following income levels:

Less than $9,500 income = $0

$9,500 - $37,000 income = $695

$50,000 income = $1,000

$75,000 income = $1,600

$100,000 income = $2,250

$125,000 income = $2,900

$150,000 income = $3,500

$175,000 income = $4,100

$200,000 income = $4,700

Over $200,000 = The cost of a “bronze” health-insurance plan


15 posted on 02/09/2013 12:40:16 PM PST by Qwackertoo (Going into Politic Free Zone Momma Grizzly hibernation for a while after this week, maybe forever.)
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To: lbryce

the current system is not workable.

get rid of private health insurance,
or get rid of the United States.

pick one.


16 posted on 02/09/2013 12:41:06 PM PST by RockyTx
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To: vpintheak

Our deductible went up also.

Ours coverage isn’t going up up mid-year— we can only make changes once a year— so they had better not raise ours mid-year.


17 posted on 02/09/2013 12:52:55 PM PST by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheel barrow)
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To: Para-Ord.45
Isn`t that the end game, to herd all the sheeple into ‘single payer’

Actually, a great many practicing MDs would like to see single-payer, because they are suffocating under the paperwork and computer record keeping requirements the way things are now, but many of them are adamantly AGAINST Obamacare evolving into single payer. They want a single payer that is developed from scratch by medical people and not politicians.

18 posted on 02/09/2013 12:58:45 PM PST by steve86 (Acerbic by Nature, not Nurture¬ô)
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To: lbryce

“If you think healthcare’s expensive now, just wait until it’s free.”


19 posted on 02/09/2013 1:05:05 PM PST by carriage_hill (AR-10s & AR-15s Are The 21st Century's Muskets. Free Men Need Not Ask Permission!)
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To: lbryce

IT IS A TAX. Simple as that. Tax us for health care that we will not get or be able to use. Their death panels will keep older people from living, even though they have to pay for the garbage.


20 posted on 02/09/2013 1:06:31 PM PST by RetiredArmy (1 Cor 15: 50-54 & 1 Thess 4: 13-17. That about covers it.)
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To: steve86
They want a single payer that is developed from scratch by medical people and not politicians.

like that will ever happen...

21 posted on 02/09/2013 1:21:32 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: Qwackertoo
$9,500 - $37,000 income = $695

Does anyone in O-Butt's administrations seriously think they are going to collect a $695 penalty from someone making $10,000, subsidy or not? These are going to be permanently uncollectable and people will go entirely underground (as I will -- I'm going to stop buying car insurance as well, already did once and then relented).

22 posted on 02/09/2013 3:16:19 PM PST by steve86 (Acerbic by Nature, not Nurture¬ô)
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To: steve86

Not sure how the collection part will work. Guess those extra thousands upon thousands of new IRS workers will figure that out. I’m guessing it could include deducting that from any tax refund or perhaps garnishing wages. The low information voter will be surprised. And disappointed. haha

I’ve said several times on another site pay the fine, save your money, upwards of 15K per year instead of buying insurance, bankroll it . . . then 5 or 6 or 10 years down the road you will have a nice stash of cash, IF you do get very sick, go buy insurance, they can’t refuse or deny you. Win Win. Usually the libs report my post and have it deleted. ;)


23 posted on 02/09/2013 3:33:32 PM PST by Qwackertoo (Going into Politic Free Zone Momma Grizzly hibernation for a while after this week, maybe forever.)
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To: steve86
in many states you cannot register a car without proof of ins and some even have the police come take your plates if it runs out...
24 posted on 02/09/2013 4:01:43 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: RockyTx
get rid of government meddling with private health insurance

There, fixed it.

25 posted on 02/09/2013 4:28:23 PM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: Chode

Not here.

I also have vehicles the state doesn’t even know about.

And if the plates were to somehow disappear, there’s lots of replacement ones all over town.


26 posted on 02/09/2013 5:18:49 PM PST by steve86 (Acerbic by Nature, not Nurture¬ô)
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To: Qwackertoo

Another factor complicating collection efforts is that many of the minimum wage people already have garnishments coming out to the maximum extent allowed and many do not have bank accounts. Good luck IRS.


27 posted on 02/09/2013 5:22:16 PM PST by steve86 (Acerbic by Nature, not Nurture¬ô)
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To: steve86
i take it you don't have yearly vehicle inspections to RAT you out either, good deal...
28 posted on 02/09/2013 8:23:39 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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