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.Posted on 03/06/2014 7:54:53 AM PST by SeekAndFind
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.
Bronze will be the lowest tier health-insurance plan available under Obamacare--after Silver, Gold, and Platinum. Under the law, the penalty for not buying health insurance is supposed to be capped at either the annual average Bronze premium, 2.5 percent of taxable income, or $2,085.00 per family in 2016.
(Excerpt) Read more at americanthinker.com ...
Well, just raise the minimum wage to $100 an hour and the problem’s solved!........
And for that outrageous premium people will get a really crappy plan that will leave them broke and destitute should a serious medical condition arise. They will have deductibles on both ends of any medical experience, from paying for the upfront labs to getting stuck with whatever is left after a ridiculously low payout cap. They would be better off keeping their 20 plus thousands, and accepting the possibility of owing $100,000 in medical expenses instead of $75,000. Either way, they can’t pay.
Yep.
I’m not buying a damn thing.
I’ll die first.
$20,000. Are co-pays and deductibles factored into that number?
Obamacare 100% democrat approved happy elections.
Don’t have to worry about boycotting Disney parks because of the Gay Scout crap. The middle class won’t be able to afford to take vacations in the future anyway.
Lead it.
The entire economy will collapse long before anybody actually pays $20K/year.
Makes me grind my teeth when I see those...rrrrrr
This is real, I just downloaded the .PDF document from the IRS website. This particular example given in the article is buried on page 70. The text reads:
Example 3
. Family without minimum essential coverage
. (i) In 2016, Taxpayers
H and J are married and file a joint return. H and J have three children: K, age 21, L, age 15, and M, age 10. No member of the family has minimum essential coverage for any month in 2016. H and J’s household income is $120,000. H and J’s applicable filing threshold is $24,000. The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000.
CAN WE REVOLT NOW???
Median household income is right at $50,000.
In a different context the crowd that supports and defends ObamaCare would be scolding us about “sustainability”. Yet, their flagship Utopian dream is economically unsustainable.
This is the grandest progressive FAIL in US history. How will we repeal it? I guess by going to court and forcing the executive branch to follow the law and the timetable in the law.
$20,000 per year is what the average private sector respectable middle class family will pay.
Obama voters (off all stripes) the gimme class will be paying zero or close to it. They will NOT be forced to pay absurd deductibles because they simply do not have that money. They are not poor. They somehow have huge flat sceens and nice automobiles on credit
Gov’t workers also will not be paying any $20,000. I am generalizing here because there are 3000 on up governments in America
Say you are gay and have AIDS, No way will they be charged much. The private sector middle class will be paying the freight for these fools
On top of it all, our tax dollars are used every time the ad runs. And they run them a lot!
That’s unexpected. Who would have guessed that “the Smartest Man in the World” would produce a plan that didn’t meet his goal of saving $2500 per year for each family? Who would have guessed that mandatory coverage of preexisting conditions and unwanted procedures would be more expensive than just the coverage people want?
I need to go take another blood press pill.....
“Wait, all those “I’m covered” commercials I see on tv show millenials glowing over their $70 premium?”
Those are the people getting subsidies. They’re the reason the people paying full freight are paying so much.
“Time for a revolution in this country.”
Keep your powder dry...and close at hand.
Yes, you and I are paying the other 300 bucks a month with our tax dollars.
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