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IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

j-mac

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Yea, that's accurate. CNS news?
 
So much for bending the cost curve down eh? Wow! Why would anyone not just pay the tax? Man, what a lie we were forced into with this crap.

1) And what would the cost have been without Obamacare?
2) Cant bend the cost curve when you wont attack the root cause of the problem.
3) Cant bend the cost curve when your laws and regulations (even Obamacare) is written by the freaking for profit healthcare industry.
 
This has been going around for a while now. The $20k figure comes from an example the IRS uses in one of their publications. At this point I'm not even sure anybody knows what a "Bronze Level" plan will have to consist of.

That being said, we do know what the penalties are going to be and I'll pretty much guarantee you that for someone single, in good health and with no kids it will be a whole lot cheaper to pay the fine.
 
So much for bending the cost curve down eh? Wow! Why would anyone not just pay the tax? Man, what a lie we were forced into with this crap.

note who 'signed' the IRS document:

(c) Effective/applicability date. This section and §§1.5000A-1 through 1.5000A-4
apply for months beginning after December 31, 2013.
Steven T. Miller
Deputy Commissioner for Services and Enforcement.
pg 73
http://www.irs.gov/PUP/newsroom/REG-148500-12 FR.pdf

I thought Miller was fired/resigned...
 
Perhaps someone can explain something to me.

Most insurance plans have tiers as such:

Single (employee only)
Single+ spouse
Parent + Children
Family

For some strange reason, many examples of coverage thrown about with the ACA specifies the number of children, when Family coverage covers 2 adults and whatever number of children are in the household, all inclusive in the premium.

Is accounting for the number of children in their examples supposed to mean something?
 
1) And what would the cost have been without Obamacare?

I know it wouldn't be anywhere near $20,000.

I have had, still do, insurance through work for a family of four, and it runs me about $3,600. per year....

2) Cant bend the cost curve when you wont attack the root cause of the problem.

How is costing me 5X more for insurance bending anything other than my wallet?

3) Cant bend the cost curve when your laws and regulations (even Obamacare) is written by the freaking for profit healthcare industry.

I see, so it really isn't about making Health Care better, or less expensive for me, the consumer, but rather attacking companies that make a profit....:roll:
 
This has been going around for a while now. The $20k figure comes from an example the IRS uses in one of their publications. At this point I'm not even sure anybody knows what a "Bronze Level" plan will have to consist of.

That being said, we do know what the penalties are going to be and I'll pretty much guarantee you that for someone single, in good health and with no kids it will be a whole lot cheaper to pay the fine.

What do the coverage levels mean?

The difference among these coverage tiers rests with their "actuarial" value -- in other words, how much a plan will cover before the patient must chip in for co-insurance, deductibles and co-payments.

According to the Kaiser Family Foundation, the actuarial values for the four levels of coverage are:

Bronze: 60 percent.
Silver: 70 percent.
Gold: 80 percent.
Platinum: 90 percent.

For example, someone who gets a silver plan would have to pay 30 percent of health care costs, while the plan covers 70 percent. Most Americans will be required to get at least a bronze-level plan, according to Kaiser, unless they're eligible for a religious or hardship exemption.

All plans, whether bronze, silver, gold or platinum, will cover certain essential health benefits determined by the U.S. Department of Health and Human Services, such as ambulatory services, emergency care, maternity care and prescription drugs.

Read more: Bronze, silver, gold or platinum? Understanding the new coverage levels under health care reform
 
This has been going around for a while now. The $20k figure comes from an example the IRS uses in one of their publications. At this point I'm not even sure anybody knows what a "Bronze Level" plan will have to consist of.

That being said, we do know what the penalties are going to be and I'll pretty much guarantee you that for someone single, in good health and with no kids it will be a whole lot cheaper to pay the fine.

Good guarantee, lol. I have a single friend with no insurance that is just leaving the hospital. He was always very healthy, non smoker, no issues, single, just as you are talking about. He had an aneurysm. Had to have surgery to fix it, followed by 11 days in the ICU in case he had a follow up stroke, common for aneurysm patients apparently, followed by two days in a private room at the hospital and is expected to get discharged today. He's trying to file paperwork and such to get some kind of financial aid for the bills from the government through the hospital, but as of two nights ago, his bill, just to the hospital, not including the doctor's cut for the actual surgery, the ambulance ride to the hospital, all of the various other groups is at $210,000. And that is still climbing, and once you include every other bill, it's probably closer to 250,000. Wouldn't surprise me one tiny bit if his bill was $300,000+ at the time of discharge.
 
This has been going around for a while now. The $20k figure comes from an example the IRS uses in one of their publications. At this point I'm not even sure anybody knows what a "Bronze Level" plan will have to consist of.

That being said, we do know what the penalties are going to be and I'll pretty much guarantee you that for someone single, in good health and with no kids it will be a whole lot cheaper to pay the fine.

Even with kids, and we do know what these tiers are....As pointed out in the article...

"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."
 
And he will be getting bills for years. My wife had a major medical event 5 years ago, we have not got a new bill for less than a year. her even was about a million even, give or take. Kinda sucks when you have an 80/20.
Good guarantee, lol. I have a single friend with no insurance that is just leaving the hospital. He was always very healthy, non smoker, no issues, single, just as you are talking about. He had an aneurysm. Had to have surgery to fix it, followed by 11 days in the ICU in case he had a follow up stroke, common for aneurysm patients apparently, followed by two days in a private room at the hospital and is expected to get discharged today. He's trying to file paperwork and such to get some kind of financial aid for the bills from the government through the hospital, but as of two nights ago, his bill, just to the hospital, not including the doctor's cut for the actual surgery, the ambulance ride to the hospital, all of the various other groups is at $210,000. And that is still climbing, and once you include every other bill, it's probably closer to 250,000. Wouldn't surprise me one tiny bit if his bill was $300,000+ at the time of discharge.
 
Good guarantee, lol. I have a single friend with no insurance that is just leaving the hospital. He was always very healthy, non smoker, no issues, single, just as you are talking about. He had an aneurysm. Had to have surgery to fix it, followed by 11 days in the ICU in case he had a follow up stroke, common for aneurysm patients apparently, followed by two days in a private room at the hospital and is expected to get discharged today. He's trying to file paperwork and such to get some kind of financial aid for the bills from the government through the hospital, but as of two nights ago, his bill, just to the hospital, not including the doctor's cut for the actual surgery, the ambulance ride to the hospital, all of the various other groups is at $210,000. And that is still climbing, and once you include every other bill, it's probably closer to 250,000. Wouldn't surprise me one tiny bit if his bill was $300,000+ at the time of discharge.

Wow, that sucks....Is he going to be ok?
 
I know it wouldn't be anywhere near $20,000.

I have had, still do, insurance through work for a family of four, and it runs me about $3,600. per year....

The bold is problem number one.. you get your healthcare subsidized by your workplace. The actual cost is far far more than what you pay.. plus the 20k does not state how big a deductible there is (or did I miss that?), and would wager that not only is there a rather large deductible in your insurance but there is also a limit to how much you can use. There are plenty of horror stories where families use up their 50k limit of care in a few weeks for their sick child and have to go into massive debt, and later bankruptcy to pay for the remaining care.

How is costing me 5X more for insurance bending anything other than my wallet?

Because of the bold above... your WORK. The true cost is hidden since your work place pays most of it. And that is what is going on here, forcing workplaces to pay healthcare for all their workers.. since you insist on having that stupid system in the first place.

Plus your costs wont go up... since you have healthcare coverage... now should you loose your job, well then you are as screwed as you have always been I guess.

I see, so it really isn't about making Health Care better, or less expensive for me, the consumer, but rather attacking companies that make a profit....:roll:

Your whole system is about that.. before Obamacare and after Obamacare. Nothing has really changed, except that people are now realizing how expensive it actually is and a few on why... the system is beyond broken and is totally driven by profit and exploitation.

The recent release of the price database for hospitals never got the coverage it should have thanks to the media handling of the healthcare industry, but the very fact that a surgery can cost 4k one place and 90k a few miles away ... shows that there is a massive problem.

When you have a system, where it is cheaper for a patient to send a relative down to the local drugstore to buy a box of over the counter painkillers, than it is to ask the nurse for one...just ONE pill.. then you know there is a massive problem.

But dont worry, the usual right wingers paid by the GOP will soon hit this thread and blame Obama for everything, while ignoring the fact it is the healthcare system and its political backers... the GOP... that are the root problem.
 
The bold is problem number one.. you get your healthcare subsidized by your workplace. The actual cost is far far more than what you pay.. plus the 20k does not state how big a deductible there is (or did I miss that?), and would wager that not only is there a rather large deductible in your insurance but there is also a limit to how much you can use. There are plenty of horror stories where families use up their 50k limit of care in a few weeks for their sick child and have to go into massive debt, and later bankruptcy to pay for the remaining care.



Because of the bold above... your WORK. The true cost is hidden since your work place pays most of it. And that is what is going on here, forcing workplaces to pay healthcare for all their workers.. since you insist on having that stupid system in the first place.

Plus your costs wont go up... since you have healthcare coverage... now should you loose your job, well then you are as screwed as you have always been I guess.

Your whole system is about that.. before Obamacare and after Obamacare. Nothing has really changed, except that people are now realizing how expensive it actually is and a few on why... the system is beyond broken and is totally driven by profit and exploitation.

The recent release of the price database for hospitals never got the coverage it should have thanks to the media handling of the healthcare industry, but the very fact that a surgery can cost 4k one place and 90k a few miles away ... shows that there is a massive problem.

When you have a system, where it is cheaper for a patient to send a relative down to the local drugstore to buy a box of over the counter painkillers, than it is to ask the nurse for one...just ONE pill.. then you know there is a massive problem.

But dont worry, the usual right wingers paid by the GOP will soon hit this thread and blame Obama for everything, while ignoring the fact it is the healthcare system and its political backers... the GOP... that are the root problem.

It is very unfortunate that, many years ago, Congress excepted employer-paid premiums from Federal income tax.* In my opinion, had this NOT been done, people would have been clamoring for healthcare reform for years.

J-Mac actually believes his insurance costs $3,600. That's the sad part. He has no IDEA how much his employer is paying to subsidize its cost. One trip to COBRA and he would be educated.

*The employer gets to deduct the subsidized portion of an employee's health insurance as a business expense, so he pays no taxes on it. The employee is given that perk tax-free and has no IDEA how much his employer pays for it. Market forces not at work.
 
Obama lied and his disciples fall right in line rationalizing and defending the deception

Shame on all of them
 
This is why millions of unsuspecting full time workers are about to be relegated to 29 hours a week.
 
It is very unfortunate that, many years ago, Congress excepted employer-paid premiums from Federal income tax.* In my opinion, had this NOT been done, people would have been clamoring for healthcare reform for years.

J-Mac actually believes his insurance costs $3,600. That's the sad part. He has no IDEA how much his employer is paying to subsidize its cost. One trip to COBRA and he would be educated.

*The employer gets to deduct the subsidized portion of an employee's health insurance as a business expense, so he pays no taxes on it. The employee is given that perk tax-free and has no IDEA how much his employer pays for it. Market forces not at work.

Yes, and in Spain they have actually started to educate the population on costs... healthcare is free (well pretty much) but you get a bill when you are in hospital. That way people get to see how much it actually costs and frankly it is a good idea.
 
But dont worry, the usual right wingers paid by the GOP will soon hit this thread and blame Obama for everything, while ignoring the fact it is the healthcare system and its political backers... the GOP... that are the root problem.

:rofl
 
Obama lied and his disciples fall right in line rationalizing and defending the deception

Shame on all of them


One more time - reality is denied, based on nothing more than hatred

‘Obamacare’ to cost $20,000 a Family?
The IRS used $20,000 in a hypothetical example to illustrate how it will calculate the tax penalty for a family that fails to obtain health coverage as required by law. Treasury says the figure “is not an estimate of premiums.”

Then there is this little bit
. . . recently, the average annual premium for employer-sponsored coverage for a family of four reached $15,745 in 2012 — up 4 percent from 2011 — according to a survey conducted by the Kaiser Family Foundation and the Health Research & Educational Trust. On average, workers paid $4,316 toward the cost of their coverage, while employers covered the remainder.

then we have this recent news
Unexpected Health Insurance Rate Shock-California Obamacare Insurance Exchange Announces Premium Rates
 
Obama lied and his disciples fall right in line rationalizing and defending the deception

Shame on all of them

Once Obama's plan to euthanize America goes into full swing librul agents of deception will be going door to door deep frying babies and stealing wallets, eating your wife's macaroni salad and bringing the loot to the feet of lord Emperor of horror OBAMA THE DECEPTION MASTER.
 
Good guarantee, lol. I have a single friend with no insurance that is just leaving the hospital. He was always very healthy, non smoker, no issues, single, just as you are talking about. He had an aneurysm. Had to have surgery to fix it, followed by 11 days in the ICU in case he had a follow up stroke, common for aneurysm patients apparently, followed by two days in a private room at the hospital and is expected to get discharged today. He's trying to file paperwork and such to get some kind of financial aid for the bills from the government through the hospital, but as of two nights ago, his bill, just to the hospital, not including the doctor's cut for the actual surgery, the ambulance ride to the hospital, all of the various other groups is at $210,000. And that is still climbing, and once you include every other bill, it's probably closer to 250,000. Wouldn't surprise me one tiny bit if his bill was $300,000+ at the time of discharge.

Yea. Well, now he can just buy insurance at the door and can't be denied so none of that will be an issue, will it?
 
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