Surprise! ObamaCare Plans Start At $20,000


This is even before deductibles and out of pocket expenses, not to mention the other costs to the American taxpayer

(CNS News) In a final regulationissued 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.

The bronze plan will be the most basic plan offered under O-care. In all fairness, the average cost of health care for a family of 4, per a survey early in 2012, was a bit over $20k, but, that did include all the costs for actual care, medicines, co-pays, etc.

Most of the premiums are being paid by employers, leaving costs to families at $12,144. Some states (mostly Blue ones) have much higher costs. I guess that’s really not fairness, because the O-care plan cost doesn’t include families actually using the most basic insurance plan per the IRS.

“Most people are insulated from the true cost of health care,” Weltz said. (from the “average cost” link)

Fortunately under ObamaCare people will know just what they’re paying, as more and more companies drop their coverage.

Crossed at Pirate’s Cove. Follow me on Twitter @WilliamTeach.

Also see...

Related Articles

1

Obama: The World Is Complex Or Something

Mr. Obama apparently missed where his spokesweasel, Josh Earnest, said that Obama has made the world more tranquil. Obama is

96

GOP Leaders Respond to Arizona Crime

Over the weekend many of the leaders in the Republican Party responded to this criminal action perpetrated against a fellow

13

The Arrogance and Hate From Congressional Democrats

My friend Kerry Picket of the Washington times was involved in a little tête-à-tête with a foul-tempered, arrogant Democrat member