IRS Calculates Cheapest ‘Obamacare’ P...

IRS Calculates Cheapest ‘Obamacare’ Plan Will Average $20,000 Per Family

Posted in the Asheville Forum

Gatorland

London, UK

#1 Feb 2, 2013
When the Obama White House and Congress passed The Patient Protection and Affordable Care Act (i.e.“Obamacare”), we clearly recall being told that the bill would save Americans money.

Yet, as CNSNews.com reports, the Internal Revenue Service (IRS) in a regulation issued Wednesday “assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.”

Wait, what?

Yes, while explaining the penalty for not purchasing government insurance, the IRS calculates that the average annual cost for a family will be at about $20,000.

“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,” CNSNews.com reports.

“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 report adds.

Wait a minute. What is the exact language of the IRS regulation?

“The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000,” the regulation states.

Oh.

“Bronze will be the lowest tier health-insurance plan available under Obamacare — after Silver, Gold, and Platinum,” CNS explains.“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.”

In the new rules published Wednesday, the IRS also made law the regulations regarding the fines and penalties incurred if someone chooses not to buy the insurance. And in an attempt to explain these laws, the agency draws up a few examples.

“[T]he 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,” CNS notes.

“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,” the report adds.

And just in case you were wondering how convoluted and contrived these new regulations look like, here’s the exact language from the IRS:

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.

“(ii) For each month in 2016, under paragraphs (b)(2)(ii) and (b)(2)(iii) of this section, the applicable dollar amount is $2,780 (($695 x 3 adults)+(($695/2) x 2 children)). Under paragraph (b)(2)(i) of this section, the flat dollar amount is $2,085 (the lesser of $2,780 and $2,085 ($695 x 3)). Under paragraph (b)(3) of this section, the excess income amount is $2,400 (($120,000 –$24,000) x 0.025). Therefore, under paragraph (b)(1) of this section, the monthly penalty amount is $200 (the greater of $173.75 ($2,085/12) or $200 ($2,400/12)).

“(iii) The sum of the monthly penalty amounts is $2,400 ($200 x 12). The sum of the monthly national average bronze plan premiums is $20,000 ($20,000/12 x 12). Therefore, under paragraph (a) of this section, the shared responsibility payment imposed on H and J for 2016 is $2,400 (the lesser of $2,400 or $20,000)
Larry Smith

Indianapolis, IN

#2 Feb 2, 2013
I can't wait to see the liberals howl when they realize it's just not the other people, those mythical "rich", thast will be paying through the nose for Obama's National Socialist Healthcare. WE ALL WILL. So yuppie libturds, brace yourself to be put on a budget where you won't be able to shop so much at Greenlife or buy a new Volvo every 3 years.
Youre Gonna Love It

Asheville, NC

#3 Feb 3, 2013
I like the part where smokers will pay a $4200 yearly penalty on top of their premiums! Isn't that fun?
Maggie Anne Pearl

Asheville, NC

#4 Feb 3, 2013
Youre Gonna Love It wrote:
I like the part where smokers will pay a $4200 yearly penalty on top of their premiums! Isn't that fun?
If you toast your lungs with deadly fumes and ingest mercury and arsenic and make yourself sick why should the rest of us who avoid poisons in our food and air and live healthy lives have to pay for your stupidity?
Virginny Marr

Asheville, NC

#6 Feb 3, 2013
Maggie Anne Pearl wrote:
<quoted text>
If you toast your lungs with deadly fumes and ingest mercury and arsenic and make yourself sick why should the rest of us who avoid poisons in our food and air and live healthy lives have to pay for your stupidity?
Exackly right. It's like being a known liar and thief who carries tales and steals from their friends. Sooner or later you'll pay for it.
ApePeeD

Asheville, NC

#7 Feb 4, 2013
Gatorland wrote:
“The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000,” the regulation states.
This is still pretty good, compared to Western Europe.
LOL

Lebanon, VA

#8 Feb 4, 2013
ApePeeD wrote:
<quoted text>
This is still pretty good, compared to Western Europe.
Yeah right! Did you ever consider that most households don't make $20,000/year?
Cullen the Gay Walrus

Asheville, NC

#10 Feb 4, 2013
LOL wrote:
<quoted text>Yeah right! Did you ever consider that most households don't make $20,000/year?
What all of this means is that the doctor-hospital gravy train has ended, just like it did in the UK, Germany, Sweden, Italy, etc. As soon as things get sorted out, and that won't take long, the obscenely greedy million-dollar-a-year orthopedic surgeon or cardiologist will no longer exist.

Healthcare WILL be delivered to everyone, whether they can afford it or not. In a civilized society that's just the way it is -- and should be.

If you don't like it move to a third-world shithole like Malaysia or Uzbekistan.
Guess Again

Arden, NC

#11 Feb 4, 2013
Cullen the Gay Walrus wrote:
<quoted text>
What all of this means is that the doctor-hospital gravy train has ended, just like it did in the UK, Germany, Sweden, Italy, etc. As soon as things get sorted out, and that won't take long, the obscenely greedy million-dollar-a-year orthopedic surgeon or cardiologist will no longer exist.
Healthcare WILL be delivered to everyone, whether they can afford it or not. In a civilized society that's just the way it is -- and should be.
If you don't like it move to a third-world shithole like Malaysia or Uzbekistan.
First of all considering the source this figure is most probably a total lie, so we'd appreciate it if someone with a little more understanding of the Affordable Care Act could come up with realistic figures, not this totally biased prediction surely NOT based on fact.
Secondly, don't believe the post you quoted is a Cullen creation. Guess again.
Guess Again

Hendersonville, NC

#12 Feb 4, 2013
Cullen the Gay Walrus

Asheville, NC

#13 Feb 4, 2013
Guess Again wrote:
<quoted text>
First of all considering the source this figure is most probably a total lie, so we'd appreciate it if someone with a little more understanding of the Affordable Care Act could come up with realistic figures, not this totally biased prediction surely NOT based on fact.
Secondly, don't believe the post you quoted is a Cullen creation. Guess again.
Thomas, you look silly when you condescend. The 20k figure is so absurd it should be ignored.

For me to reply to some hartsockian nut and at the same time take a poke at the village idiot Cullen must be confusing to you. Those two are sibling neanderthals anyway.
Guess Again

Fletcher, NC

#14 Feb 4, 2013
Cullen the Gay Walrus wrote:
<quoted text>
Thomas, you look silly when you condescend. The 20k figure is so absurd it should be ignored.
For me to reply to some hartsockian nut and at the same time take a poke at the village idiot Cullen must be confusing to you. Those two are sibling neanderthals anyway.
You think you look any less silly fighting with a fool? We would all look a helluvalot smarter if such people were simply ignored. As for confusion, the mind lives in a state of confusion never knowing the truth about anything. You certainly do not know the truth about Cullen and certainly not about Hartsock, nor me. To assume one can know anyone just by reading posts on this shitbox is, shall we say, SILLY?

Cullen and Willard are NOT cut from the same cloth. One is arguably damaged in some way not of his own doing. The other is simply a product of his environment and upbringing, quite typically so. In my humble opinion and I must remind you, I have, in one way or another, been associated with both of these individuals since the days of AC-T's forum (approximately 10 years) not to mention the fact I have spent actual time with both of them face to face.
ApePeeD

Asheville, NC

#15 Feb 4, 2013
Cullen the Gay Walrus wrote:
<quoted text>
What all of this means is that the doctor-hospital gravy train has ended, just like it did in the UK, Germany, Sweden, Italy, etc. As soon as things get sorted out, and that won't take long, the obscenely greedy million-dollar-a-year orthopedic surgeon or cardiologist will no longer exist.
Healthcare WILL be delivered to everyone, whether they can afford it or not. In a civilized society that's just the way it is -- and should be.
If you don't like it move to a third-world shithole like Malaysia or Uzbekistan.
Western European Countries like Belgium have good healthcare with their systems, it's just that for nonessential healthcare, their wait times can be excruciatingly long.
For example, a nonessential hip surgery can be a wait for months instead of a week; too bad, but you're still covered by governmental insurance. It's a tradeoff. I'm sure you're not crying that you're covered by governmental insurance.
Guess Again

Fletcher, NC

#16 Feb 4, 2013
ApePeeD wrote:
<quoted text>
Western European Countries like Belgium have good healthcare with their systems, it's just that for nonessential healthcare, their wait times can be excruciatingly long.
For example, a nonessential hip surgery can be a wait for months instead of a week; too bad, but you're still covered by governmental insurance. It's a tradeoff. I'm sure you're not crying that you're covered by governmental insurance.
What is this government insurance y'all are talking about? I have Blue Cross/Blue Shield + major medical and pay something around $4000/annually and no way that is changing under the new law. I'm also receiving a deal from the drug company that manufactures a very expensive drug I take that sells over the counter for about $1500/mo. I'm paying $5.00 for a three month supply. I expect this has something to do with the Affordable Care Act as the change occurred in the last three months. Before that I was paying $90.00 for same.

What I'm suggesting here is simple, the government is NOT getting involved in how I obtain health care. Had knee surgery last year with less than a week wait. So again, what is this government health care y'all are talking about?
Idiots

Troy, MI

#17 Feb 4, 2013
Guess Again wrote:
<quoted text>
What is this government insurance y'all are talking about? I have Blue Cross/Blue Shield + major medical and pay something around $4000/annually and no way that is changing under the new law. I'm also receiving a deal from the drug company that manufactures a very expensive drug I take that sells over the counter for about $1500/mo. I'm paying $5.00 for a three month supply. I expect this has something to do with the Affordable Care Act as the change occurred in the last three months. Before that I was paying $90.00 for same.
What I'm suggesting here is simple, the government is NOT getting involved in how I obtain health care. Had knee surgery last year with less than a week wait. So again, what is this government health care y'all are talking about?
They are just idiots that get their news from FOX, Brietbart, redstate, and conservative talk radio. You would think they would have learned by now but hey if they want to keep sounding like idiots it is their right. I actually kind of like it, it keeps the informed independent voters from wanting to associate with them.
Guess Again

Fletcher, NC

#19 Feb 4, 2013
For Q wrote:
<quoted text>It's not Hartsock's or Anderson's job to work hard to support your no work ethic butt with what they pay in taxes.
Don't have a clue what your talking about, sir. Cullen is retired living off SSN and retirement and using medicare, like all retirees. I worked my butt off for years just to make ends meet. That included things like fixing my own cars, working construction, cutting firewood to heat the house I built with my own hands and wits not to mention doing my own maintenance on homes I've lived in right up to and including today. Guess you must be talking about some one else?
Guess Again

Hendersonville, NC

#21 Feb 5, 2013
For Q wrote:
<quoted text>So, are you saying you are Hartsock?
"WE ARE ONE

I and my Mother are One
I and my Father are One
I and my Sister are One
I and my Brother are One

We are One
We are One
Family under the Sun

We are One
We are One
Family under the Sun

Oh, We are One
We are One
Family under the Sun

We are One
We are One
Family under the Sun" ROTFLMFAO
Buddy Myers

Greenville, SC

#22 Feb 5, 2013
huh?

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