IRS says Obamacare will cost $20K per year

[Pony Boy]

IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

(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.

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.

http://cnsnews.com/news/article/irs-...e-20000-family

[peacepipe]

SHOCKING!!! A right-wing website posting a anti-obamacare article.

Google it & you'll find a long list of right-wing/tabloid/nutjob websites.

[Pony Boy]

Originally Posted by peacepipe

SHOCKING!!! A right-wing website posting a anti-obamacare article.

Google it & you'll find a long list of right-wing/tabloid/nutjob websites.

This is from a Forbes article dated 7/3/12 that has the same figures for 2016.

Then, there is the amount of the tax. In 2014 the initial levy will be just $95. By 2016, it is scheduled to increase to $695 or 2.5 percent of taxable income—up to a maximum of $2,085 (indexed for inflation in subsequent years). It will increase, that is, if Congress does not slow the phase-in. And I’ve got a funny feeling about that.

http://www.forbes.com/sites/beltway/...ng-to-collect/

[Blart]

Originally Posted by Pony Boy

IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

http://cnsnews.com/news/article/irs-...e-20000-family

This message brought to you by Exxon Mobil.

(CNS is a subsidary of Media Research Center, directly funded by Exxon, Scaife foundations, and other plutocrats & corporations)

Originally Posted by Pony Boy

This is from a Forbes article dated 7/3/12 that has the same figures for 2016.

Then, there is the amount of the tax. In 2014 the initial levy will be just $95. By 2016, it is scheduled to increase to $695 or 2.5 percent of taxable income—up to a maximum of $2,085 (indexed for inflation in subsequent years). It will increase, that is, if Congress does not slow the phase-in. And I’ve got a funny feeling about that.

http://www.forbes.com/sites/beltway/...ng-to-collect/

This message brought to you by Koch Industries & Walmart.

(Written by Avik Roy, senior fellow at the Manhattan Institute, which is directly funded by Koch Industries, Exxon, Chase Bank, Cigna, etc.)

[nyuk nyuk]

Originally Posted by Blart

This message brought to you by Exxon Mobil.

(CNS is a subsidary of Media Research Center, directly funded by Exxon, Scaife foundations, and other plutocrats & corporations)



This message brought to you by Koch Industries & Walmart.

(Written by Avik Roy, senior fellow at the Manhattan Institute, which is directly funded by Koch Industries, Exxon, Chase Bank, Cigna, etc.)

Guilt by association/poisoning the well.

Nobody here has addressed the IRS figures given.

Indeed, the beginning of the article has a direct link to the IRS document. The figures mentioned come from page 56 of that document.

So.... ?

Anyone?

[The Lone Bolt]

Originally Posted by nyuk nyuk

Guilt by association/poisoning the well.

Nobody here has addressed the IRS figures given.

Indeed, the beginning of the article has a direct link to the IRS document. The figures mentioned come from page 56 of that document.

So.... ?

Anyone?

I have. The IRS appears to be using those figures for illustrative purposes only. Nowhere do they inidcate that there is any evidence that premiums for a family of 4 will cost 20K under the ACA. That number doesn't appear to be any kind of attempt at projecting premiums.

If it is, where does it say so and what do they base the numbers on?

[errand]

Originally Posted by peacepipe

SHOCKING!!! A right-wing website posting a anti-obamacare article.

Google it & you'll find a long list of right-wing/tabloid/nutjob websites.

The IRS is the source of the information......2x2=4 is the truth regardless of who says it correct?

The CBO has stated that over 7 million Americans will lose their healthcare coverage when their employers find it more profitable to just pay the fine instead of their portion of their employees health care insurance.

[ant1999e]

What part of that article was anti-obamacare?

[peacepipe]

Originally Posted by ant1999e

What part of that article was anti-obamacare?

Lol the entire site is an anti-obama. So far the only sites pushing this,are site like wnd,drudge,etc. All have some major credibility issues.

[ant1999e]

Originally Posted by peacepipe

Lol the entire site is an anti-obama. So far the only sites pushing this,are site like wnd,drudge,etc. All have some major credibility issues.

So you think those numbers are bullshyt? Do you believe those costs are too high? Are they unaffordable?

[ant1999e]

To your edit, what part is anti These are the IRS' numbers. Maybe the IRS is is anti-obamacare. Hell, maybe obamacare is anti-obamacare. The Obama's arent going to use Obamacare, maybe they're anti-obamacare.

[Rohirrim]

The only solution? Medicare for all. We'll just **** around for years until everybody wakes up to that fact. I wonder how long it will take?

[peacepipe]

Originally Posted by Rohirrim

The only solution? Medicare for all. We'll just **** around for years until everybody wakes up to that fact. I wonder how long it will take?

We'll get there eventually,if I had to guess, sometime in the next ten yrs.

[Pony Boy]

Originally Posted by peacepipe

We'll get there eventually,if I had to guess, sometime in the next ten yrs.

But remember Obama promised that "if you like your current healthcare plan, you can keep it" and if you like your current Doctor, you can keep seeing him or her.

Guess what, if you employer decides he doesn't like you current health care plan or Doctor you won't be able to keep either one.

[Rohirrim]

Originally Posted by Pony Boy

But remember Obama promised that "if you like your current healthcare plan, you can keep it" and if you like your current Doctor, you can keep seeing him or her.

Guess what, if you employer decides he doesn't like you current health care plan or Doctor you won't be able to keep either one.

Imagine if your employer had nothing to do with your healthcare?

What a revolutionary concept.

[errand]

Originally Posted by Rohirrim

Imagine if your employer had nothing to do with your healthcare?

What a revolutionary concept.

Imagine when your government has everything to do with your healthcare....it becomes part of the budget, which means when they argue over funding for the schools, or funding green energy projects, etc....they will also be arguing over what and who will and won't be covered.

[peacepipe]

Originally Posted by Pony Boy

But remember Obama promised that "if you like your current healthcare plan, you can keep it" and if you like your current Doctor, you can keep seeing him or her.

Guess what, if you employer decides he doesn't like you current health care plan or Doctor you won't be able to keep either one.

Eitherway ,in ten yrs, we'll have Medicare for all.

[Pony Boy]

Originally Posted by peacepipe

Eitherway ,in ten yrs, we'll have Medicare for all.

Ask someone how hard it is to get a doctors appointment if you are on Medicare or better yet pick any doctor out of the phone book and call them to make an appointment.

The first question they will ask is what insurance coverage do you have, if you say none, they will tell you the doctor is not taking any new patients at this time.

If you say Medicare they will tell you the first opening will be in six months to a year.

I you have excellent insurance, you will get in the next day and it's perfectly legal for them to do this.

[errand]

Originally Posted by Pony Boy

But remember Obama promised that "if you like your current healthcare plan, you can keep it" and if you like your current Doctor, you can keep seeing him or her.

Guess what, if you employer decides he doesn't like you current health care plan or Doctor you won't be able to keep either one.

This is exactly what Obama is hoping for.....that businesses will say "Screw it, why pay for our employee's healthcare when it's less expensive to pay the penalty"

this will drive those employees previously covered by their employer to go on the government dole.....forcing a single payer system.

Once that happens the government can then control your life because practically everything you do is health related......your job, your lifestyle, your recreational activities, your diet, etc.

The big problem is that your healthcare will be part of the national budget, which means it can be cut, reduced on a whim. For all you liberals who voted for this kind of ****...keep in mind the day will come when the Dems aren't in power...and then the Republicans will be in charge of your healthcare. Then what the **** are you gonna do?

Like they say, careful what you wish for....

[txtebow]

Originally Posted by Rohirrim

The only solution? Medicare for all. We'll just **** around for years until everybody wakes up to that fact. I wonder how long it will take?

I concur!

[nyuk nyuk]

Originally Posted by Rohirrim

The only solution? Medicare for all. We'll just **** around for years until everybody wakes up to that fact. I wonder how long it will take?

The only solution is MORE? How does an unreasonable burden on families translate to "need MORE"?

[Arkie]

Originally Posted by Pony Boy

IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

(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.

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.

http://cnsnews.com/news/article/irs-...e-20000-family

How much is the penalty?

[Pony Boy]

Originally Posted by Arkie

How much is the penalty?

2.5% of your taxable income, so most families without healthcare coverage through their employer will opt to pay the penalty and not take the bronze care plan. Therefore it's nothing more than a 2.5% tax increase on the middle class.

The good news is that the IRS will be adding 40,000 new IRS agent jobs and the benefits are excellent.

[errand]

Originally Posted by Arkie

How much is the penalty?

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.

So basically if you can't afford Obamacare, you'll have to pay a fine.....


What's so hilarious is half the nimrods who voted for this socialist president have no clue as to what the hell they just did to themselves.

[nyuk nyuk]

Originally Posted by Arkie

How much is the penalty?

You have to wonder if this is some cloaked money making scheme. They can loot the tax returns of people who can't afford this garbage.