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February 1, 2013

IRS: 'Cheapest' Obamacare plan to cost a family $20,000 per year

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CNS News reports:

In a final regulation issued Wednesday (edit - see page 60-61, examples 2-4), 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.

This is no way anywhere close to what Barack Obama promised back in March 2010 when he said that premiums would fall 15%-20% ... and if you got your insurance through your employer the premiums would drop 3000% - so much that he or she could/should give you a raise:

... and the gullible fools cheered!

Update: ObamaCare's Triple-Digit Premium Hikes Dramatize the Need for Repeal

Posted by Hyscience at February 1, 2013 10:06 AM



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