The Conservative Cave
Current Events => Breaking News => Topic started by: Dacabeti on February 01, 2013, 11:16:58 AM
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(NaturalNews) Under Obamacare, American families are forced to buy conventional health insurance that primarily benefits the pharmaceutical industry. By 2016 -- just three years from now -- the cheapest health insurance plan available will cost a typical American family $20,000 a year, the IRS has now announced.
Here's the news: The IRS just published descriptions of the financial penalties American taxpayers will pay if they fail to purchase the rip-off health insurance mandated under Obamacare.
"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," reports CNS News.
More Here (http://www.naturalnews.com/038905_Obamacare_health_insurance_mandate.html#ixzz2JdRki6e4)
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we are now finding out what is in the bill that congress so hastily passed without reading. :banghead:
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Any congress person that supported the bill, needs to lose his job!
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Guess my great Blue Cross plan thru my employer isn't good enough ?
Mine only runs about 1/10 th that ....
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Obamacare just might be what does the Democrat party in. How many people can afford $20k a year? Half the country will pay the fine and go uninsured, or they will be better off collecting welfare, foodstamps and medicaid.
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But it's Freeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee....
:whatever:
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Well, he said health insurance cost would go down 3,000% ....and he's right. If you or your company drop health insurance, using DUmmie math, your cost have gone down 3,000%....See.
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I just don't understand how they think this can work.
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This article by Natural News is just plain HORSESHIT.
The Supreme Court said that this was a tax. Obummer said it was a penalty.
In 2014, the levy will be $95. In 2016 it will be $695.
It will only affect those who do not have insurance. Consequently, it will not apply to those that have insurance, low income and those over 65.
A.C. Act bars the IRS from bringing a criminal enforcement against someone who decides to not pay the tax/penalty. Therefore it makes it impossible for the IRS to collect. They could deduct it from a refund. It also makes it very difficult for them to put a lien on your property. In essence what the Judge Roberts did was undercut Obama's health care law. There will be many lawsuits on it's constitutionality because of the Roberts decision.
Since this law has no teeth, the young and healthy may decide not to buy health insurance. It also has zero effect on those that have insurance. Plus, does anyone in their right mind think that Congress would allow health insurance cost to go up to $20,000 on every family of four. This is a scare tactic. Most people do not like this act. So, Congress will act on the costs before it gets out of hand IMO.
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This article by Natural News is just plain HORSESHIT.
The Supreme Court said that this was a tax. Obummer said it was a penalty.
In 2014, the levy will be $95. In 2016 it will be $695.
It will only affect those who do not have insurance. Consequently, it will not apply to those that have insurance, low income and those over 65.
A.C. Act bars the IRS from bringing a criminal enforcement against someone who decides to not pay the tax/penalty. Therefore it makes it impossible for the IRS to collect. They could deduct it from a refund. It also makes it very difficult for them to put a lien on your property. In essence what the Judge Roberts did was undercut Obama's health care law. There will be many lawsuits on it's constitutionality because of the Roberts decision.
Since this law has no teeth, the young and healthy may decide not to buy health insurance. It also has zero effect on those that have insurance. Plus, does anyone in their right mind think that Congress would allow health insurance cost to go up to $20,000 on every family of four. This is a scare tactic. Most people do not like this act. So, Congress will act on the costs before it gets out of hand IMO.
Someone needs to tell Wesley Snipes lawyer that.
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But it's Freeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee....
:whatever:
:werd:
What part of "free healthcare" do these people not understand. </DhimmiRat>
Reminds me of the 59th Rule of Acquisition: "Free [Health Care] is seldom cheap."
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Obamacare just might be what does the Democrat party in. How many people can afford $20k a year?
I doubt it, there are waayyy too many stupid people out there to do in the demoshit party. If the squeeze gets too hard, they'll be begging their libtard legislators to repeal it.
That would be my goal, get them to squeal and beg to have it taken away.
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This article by Natural News is just plain HORSESHIT.
The Supreme Court said that this was a tax. Obummer said it was a penalty.
In 2014, the levy will be $95. In 2016 it will be $695.
It will only affect those who do not have insurance. Consequently, it will not apply to those that have insurance, low income and those over 65.
A.C. Act bars the IRS from bringing a criminal enforcement against someone who decides to not pay the tax/penalty. Therefore it makes it impossible for the IRS to collect. They could deduct it from a refund. It also makes it very difficult for them to put a lien on your property. In essence what the Judge Roberts did was undercut Obama's health care law. There will be many lawsuits on it's constitutionality because of the Roberts decision.
Since this law has no teeth, the young and healthy may decide not to buy health insurance. It also has zero effect on those that have insurance. Plus, does anyone in their right mind think that Congress would allow health insurance cost to go up to $20,000 on every family of four. This is a scare tactic. Most people do not like this act. So, Congress will act on the costs before it gets out of hand IMO.
It's on at least 8 other internet sites with links.
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"We have to pass it to find out what's in it" and now we're just waiting to find out what all is in it.
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The horses mouth;
http://www.irs.gov/PUP/newsroom/REG-148500-12%20FR.pdf
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Obamacare just might be what does the Democrat party in. How many people can afford $20k a year? Half the country will pay the fine and go uninsured, or they will be better off collecting welfare, foodstamps and medicaid.
The people PAYING for it already vote R.
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The horses mouth;
http://www.irs.gov/PUP/newsroom/REG-148500-12%20FR.pdf
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From my understanding this is a proposed regulation to be voted on at a later date. Then it goes on and on and on about the law. The law is still open to many interpretations.
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http://www.irs.gov/PUP/newsroom/REG-148500-12%20FR.pdf
SUMMARY: This document contains proposed regulations relating to the requirement
to maintain minimum essential coverage enacted by the Patient Protection and
Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as
amended by the TRICARE Affirmation Act and Public Law 111-173. These proposed
regulations provide guidance on the liability for the shared responsibility payment for not
maintaining minimum essential coverage. This document also provides notice of a
public hearing on these proposed regulations.
DATES: Comments must be received by May 2, 2013. Outlines of topics to be
discussed at the public hearing scheduled for May 29, 2013, at 10:00 a.m., must be
received by May 3, 2013.
Government lawyers :whatever:
Example 2. Married employee with dependents. Taxpayers B and C are married
and file a joint return for 2016. B and C have two children, D and E. In November
2015, B is eligible to enroll in self-only coverage under a plan offered by B’s employer
for calendar year 2016 at a cost of $5,000 to B. C, D, and E are eligible to enroll in
family coverage under the same plan for 2016 at a cost of $20,000 to B. B, C, D, and
E’s household income is $90,000. Under paragraph (e)(3)(ii)(A) of this section, B's
required contribution is B's share of the cost for self-only coverage, $5,000. Under
paragraph (e)(1) of this section, B has affordable coverage for 2016 because B’s
required contribution ($5,000) does not exceed 8 percent of B’s household income
($7,200). Under paragraph (e)(3)(ii)(B) of this section, the required contribution for C,
D, and E is B's share of the cost for family coverage, $20,000. Under paragraph (e)(1)
of this section, C, D, and E lack affordable coverage for 2016 because their required
contribution ($20,000) exceeds 8 percent of their household income ($7,200).
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Since this law has no teeth, the young and healthy may decide not to buy health insurance.
Many people may not buy insurance. ObamaCare makes it cheaper to pay the penalty than to buy insurance. It also makes it illegal for insurance companies to deny coverage for preexisting conditions, and companies may not charge more for those conditions.
What is to stop people from paying the penalty until they have a catastrophic illness or injury from forcing an insurance company to issue them a policy and then dropping the insurance when it's no longer needed.
This was not a bug, but a feature of ObamaCare. This could potentially drive insurance companies out of business and pave the way for government ran single payer insurance, the goal of the left.
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http://www.irs.gov/PUP/newsroom/REG-148500-12%20FR.pdf
Government lawyers :whatever:
This pile of crap is written so poorly that it would take a Philadelphia lawyer to understand it. I think what it means is that $20, 000 is the max. that even the rich would have to pay or that there is a cap of 8% on income because the regulation keeps mentioning the $7,200 figure which is 8% of $90k. Confusing to say the least but I can not believe someone that makes 40 or 50 grand a year is going to have to come up with $20,000. That will not happen.
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Yeah, there is some misleading in the article. I can't stand when DUmmies do this, and sure can't stand when someone on our side does it. Creates a sort of false outrage. Although we should be outraged at the whole piece of shit legislation anyway.
You don't have to buy insurance, you can just pay the penalties. Pay by cash Doctors are becoming more prevalent, I hear ads form them all the time in our area.
The monthly penalty amount for a month is equal to 1/12 of the greater of the
following amounts: (1) the flat dollar amount or (2) the percentage of income. The flat
dollar amount is the lesser of the following amounts: (a) the sum of the applicable dollar
amounts for all nonexempt individuals without minimum essential coverage for whom
the taxpayer is liable or (b) 300 percent of the applicable dollar amount. The applicable
dollar amount is $95 for 2014, $325 for 2015, and $695 for 2016, and will be increased
for calendar years beginning after 2016 by a cost-of-living adjustment.
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Yeah, there is some misleading in the article. I can't stand when DUmmies do this, and sure can't stand when someone on our side does it. Creates a sort of false outrage. Although we should be outraged at the whole piece of shit legislation anyway.
You don't have to buy insurance, you can just pay the penalties. Pay by cash Doctors are becoming more prevalent, I hear ads form them all the time in our area.
You are correct. Too many misleading articles. Reminds me of the Obamacare 3.8% tax on the sale of a $200k house which is another urban myth.
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Yeah, there is some misleading in the article. I can't stand when DUmmies do this, and sure can't stand when someone on our side does it. Creates a sort of false outrage. Although we should be outraged at the whole piece of shit legislation anyway.
You don't have to buy insurance, you can just pay the penalties. Pay by cash Doctors are becoming more prevalent, I hear ads form them all the time in our area.
The monthly penalty amount for a month is equal to 1/12 of the greater of the
following amounts: (1) the flat dollar amount or (2) the percentage of income. The flat
dollar amount is the lesser of the following amounts: (a) the sum of the applicable dollar
amounts for all nonexempt individuals without minimum essential coverage for whom
the taxpayer is liable or (b) 300 percent of the applicable dollar amount. The applicable
dollar amount is $95 for 2014, $325 for 2015, and $695 for 2016, and will be increased
for calendar years beginning after 2016 by a cost-of-living adjustment.
Thanks, could you explain what happens if someone does NOT have insurance and is required to pay the penalty in 2016 ?
If the monthly penalty for 2016 is $695 / month = 12 X 695 = $8340 / year. Is that correct ? Does that person then get health care and how ?
That is what is confusing me.
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Thanks, could you explain what happens if someone does NOT have insurance and is required to pay the penalty in 2016 ?
If the monthly penalty for 2016 is $695 / month = 12 X 695 = $8340 / year. Is that correct ? Does that person then get health care and how ?
That is what is confusing me.
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I don't know, I am as confused as you. Here is an example 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).â€
So from what I understand is the penalty is $2,400.
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I don't know, I am as confused as you. Her is an example from the IRS:
So from what I understand is the penalty is $2,400.
"(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).â€
For all individuals who are ineligible to purchase coverage under an
eligible employer-sponsored plan, the required contribution is the annual premium for
the lowest cost bronze plan available on the Exchange where the individual lives
reduced by the credit allowable under section 36B for the taxable year (determined as if
the individual enrolled in a plan through such Exchange for the entire taxable year).
Well, if the bronze plan is the cheapest, and the national average bronze plan premiums is $20,000 for a family, then it looks like the OP is correct unless I'm missing something. It also looks like paying the penalty is the way to go.
The democraps are just playing games with health care.
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Looks like to me it is cheaper to pay the penalty than purchase insurance. That way, there will be only a few large insurance companies left. Smaller companies will get run out of business. Companies like United Health are thrilled that there will be less competition. The government would become an insurance company, and IMO that was the intent from day 1.
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Any congress person that supported the bill, needs to be jailed!
FIFY
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Congress i mean democratic congressmen (no republican voted for this sham). Should not be expected to be responsible i mean reading it is too much for mr conyers. How can they be held responsible for something they did not care enough about to read but expect all us peons to live by it.?
Thats not fair and does not extend in mr os words opprutunity to all...........
jctejas
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As Mr Dingell put it, “....It takes a long time, to, to do the necessary administrative steps that have to be taken to put the legislation together to control the people..."
Sometimes they do tell the truth.
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So, what do you get from the government if you just pay the penalty for not have insurance? .....a loner pistol and a hollow point?
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So, what do you get from the government if you just pay the penalty for not have insurance? .....a loner pistol and a hollow point?
I guess they give you a pill and tell you to go home.