IRS Says Cheapest Obamacare Plan Will Be $20,000 Per Family … Two-Thirds of Americans Don’t Know If They Will Insure Under Obamacare
Welcome to the Barack Obama Health “UN”affordability Act of 2010 …
Free health care eh? I guess Nancy Pelosi was correct when she said, ”We Have to Pass Our Bill So That You Can Find Out What Is In It.” From CNS News, now we learn that the cheapest Obamacare plan will cost $20,000 per family. And guess who comes after you and tracks whether you have purchased the mandatory insurance, the IRS, that same organization that has shown all of America that they cannot be trusted.
In the examples, the IRS assumes that families of five who are uninsured would need to pay an average of $20,000 per year to purchase a Bronze plan in 2016.
Using the conditions laid out in the regulations, the IRS calculates that a family earning $120,000 per year that did not buy insurance would need to pay a “penalty” (a word the IRS still uses despite the Supreme Court ruling that it is in fact a “tax”) of $2,400 in 2016.
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.
From CNBC News, Two-Thirds of Americans Don’t Know If They Will Insure Under Obamacare
There’s no assurance folks will be buying insurance under Obamacare, and that could spell trouble for the Affordable Care Act.
Nearly two-thirds of Americans who currently lack health insurance don’t know yet if they will purchase that coverage by the Jan. 1 deadline set by the ACA, a new survey revealed Monday.
And less than half of those in the survey released by InsuranceQuotes.com think they’ll get better health care after Obamacare takes full effect. Nearly 50 percent believe the ACA will make it more difficult for them to get tests and procedures done in a timely manner, according to the phone survey of 1,001 adult Americans conducted in early May.
And a whopping 68 percent of low-income Americans aren’t sure they qualify for tax credits that would subsidize their purchase of health insurance—despite they fact that they almost invariably will qualify, the survey found. That population is most likely to benefit from government subsidies under the health-care reform law.