Skip to comments.IRS: Obamacare Cheapest Plan $20,000 Per Family in 2016
Posted on 03/05/2014 11:58:45 AM PST by kcvl
(CNSNews.com) 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. The examples point to families of four and families of five, both of which the IRS expects in its assumptions to pay a minimum of $20,000 per year for a bronze plan. The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000, the regulation says.
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If they had to pay it this year they might decide to stop voting for Democrats too soon for it all to be irreversible.
Sounds like it just came out. So I guess people will have to pay their rent and mortgage, and their health insurance, and then the money will be gone. No need for food, utilities, clothing, transportation, etc. But it’s all good, because they all had “junk” plans before.
This will NEVER happen. Most American families live paycheck to paycheck.
I predict less paychecks
Articles containing this gem have appeared several times on FR. This 20k won’t be going into retirement plans or cars or durable goods. It will utterly destroy the home market. According to my Google search 75% of all income earners are living paycheck to paycheck. So, they can’t afford anything more than they’re buying right now. That is the plan’s true Achilles heal.
But on the bright side, every member of the family will have their abortions covered.
Look on the bright side, Comrade.
Democrat crony’s are going to get FILTHY STINKING RICH, Media will play along, or they won’t get any propaganda ad money, and all of those SEIU/OFA Orgs are going to have millions to plow into Democrat Campaigns!
And after all, aren’t financing Corrupt Socialist Dem campaigns all that really matters?
Come and take it!
F U B O!
I will not comply. You hear that John Roberts?
If that is the case, then they won’t have to buy a plan. If the cheapest plan if more than 8% of your AGI, you are exempt from the penalty.
It’s not the Achilles Heal. It’s been the PLAN from the beginning.
Can’t pay the high premiums? Fine, we have a alternative for you. Payroll deductions. They will force you to comply with a government tax for healthcare you will get at the local Government run Clinic, with Imported Doctors working for Dr. Sugar.
You’ve got to remember, Most will look to the Government to fix this. They don’t have the capacity to figure out who caused the problem to begin with.
No wonder they want to boost the minimum wage...
Ah grasshopper, you have learned much...
NOBODY has this kind of extra money.
This whole Obamacare fiasco is so completely out of bounds of reality, I can’t help but see it as designed to fail as massively as possible no matter how people try to comply. I just don’t believe we’re seeing incompetence - instead, I think we’re seeing incompetence being used as a cover for treason. Obamacare IS ClowardPiven right in everyone’s face. It’s not just designed to deny medical care, but to also make criminals out of everyone and destroy the medical insurance field in its totality. All three together are designed to cripple the country. And that’s only ONE of the plays these Rat bastards are running right now. On top of that they’re starting to kick in doors of family homes with military personnel looking for guns, as well as close down all of the energy producing sources in the country in the name of a gross rape of science.
And people care about the freaking Oscars?
Date on the article was back in January, we must have all missed it I guess.
the elite media is not including the deductable in the calculus. It is in essence the same as not having insurance.
Before Obamacare I couldn’t afford health insurance.
Now I still can’t afford health insurance but now I have to pay a fine for not beign able to afford it.