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.

Related Articles

0

11 Million Small Business Employees Could See Premium Hikes

FacebookTwitterEmail Um, surprise? (Daily Caller) Obamacare is once again under fire after federal estimates that health insurance premiums will increase

0

Judge Denies Restart On Obama Amnesty

FacebookTwitterEmail The judge even uses Obama’s own words against Obama (via The Lonely Conservative) (Washington Times) President Obama’s new deportation

1

Fired ESPN Editor Claims no Racial Slam Meant with ‘Chink in Armor’ Headline

FacebookTwitterEmail The headline written by ESPN editor Anthony Federico about Asian-American basketball star Jeremy Lin lasted only about a half

Share This

Share this post with your friends!