Just like with the tax hikes in the fiscal cliff deal, Democrat supporters are in for some unpleasant surprises. A report from CNS News shows that the cheapest plan the IRS says Americans can buy or pay a
penalty tax is… $20,000. Check this out:
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.
Oh, now that’s defending the middle class! Pay for cadillac coverage or go onto the Obamatax farm… as if Americans are sheeple. Got to love how Democrats respect individual rights in this country.
But w-w-wait it gets worse? This is only the pricetag for the bronze plan for a family of five?
“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 [sic] 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.
That’s great. Insurance companies will make out like bandits if Americans carry private coverage or will become part of the bureaucratic mess that will surely emerge from the nationalization of one-sixth of the economy. Now, that’s “choice.”
If you don’t currently live in one of nearly half the states refusing to put into place the Obamacare insurance exchanges, you might want to forget about calling the IRS to have them explain what’s expected of you, and instead, call a moving company. If that’s not possible, one could always try requesting a waiver; that’s what the politically connected friends of President Obama did.
H/T CNS News