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The author also points out that the cost of using the mandated policies will be prohibitive because of the large deductibles and co-pays. Many Americans will find themselves not only with a policy they can’t afford, but also with one they cannot afford to use. Those who cannot afford the insurance, even with a subsidy, will be faced with a costly penalty, and in many cases, this, too, will be difficult, if not impossible, to pay. As each year’s subsidy is based on last year’s income, there will be a substantial year-end tax liability for those who must repay the subsidy in whole or part because their income increased during the year. The stress alone from such a regressive scheme is, without a doubt, not conducive to good health and well-being.
The author provides an example of a 35 year-old with a MAGI of $27,925. The out-of- pocket cost to this person of a Silver level plan (second least expensive) is $187.33 per month. This cost is based on pre-tax income, that is, before income is reduced by payroll and income taxes. There goes the car payment or utility bill. The lives of millions of Americans will change drastically as they struggle with a new, large expense – particularly in an era of no jobs, low-paying jobs and rising cost of living.
Here are the current estimates:
Bronze: cheapest and dry as dust with 60/40 coverage – a win-win for insurers a) annual deductible of $4,375 for an individual (double for a family) with 20 percent coinsurance, b) annual deductible of $3,475 for an individual (double for a family) with 40 percent coinsurance
Silver: next cheapest – offers an illusion of coverage at 70/30 a) annual deductible of $2,050 for an individual (double for a family) with 20 percent coinsurance, b) annual deductible of $650 for an individual (double for a family) with 40 percent coinsurance
Gold: expensive – 80/20 – better coverage
Platinum: most expensive – 90/10 – most comprehensive coverage
Originally posted by camaro68ss
i can see it now, " your gold package, ok come over here and sit on the bed"
"Next person please". "ok your bronze package, please wait in the loby and take a number, who cares if your bone is sticking out"
Next, "gold package i see, please follow me."
Originally posted by jibajaba
opt out - if it's still an option.
Originally posted by usernameconspiracy
reply to post by Circumstance
So the Silver plan is only $187 a month? Perfect! That's pretty cheap for health insurance.
Originally posted by camaro68ss
Originally posted by jibajaba
opt out - if it's still an option.
cant, you'll get fined and thrown in jail, no joke.
Thats what we call freedom right?edit on 12-2-2013 by camaro68ss because: (no reason given)
Originally posted by camaro68ss
i can see it now, " your gold package, ok come over here and sit on the bed"
"Next person please". "ok your bronze package, please wait in the loby and take a number, who cares if your bone is sticking out"
Next, "gold package i see, please follow me."
Originally posted by usernameconspiracy
reply to post by Circumstance
So the Silver plan is only $187 a month? Perfect! That's pretty cheap for health insurance.
Originally posted by Ghost375
Originally posted by camaro68ss
Originally posted by jibajaba
opt out - if it's still an option.
cant, you'll get fined and thrown in jail, no joke.
Thats what we call freedom right?edit on 12-2-2013 by camaro68ss because: (no reason given)
You won't get thrown in jail. Quit spreading lies!
Same with the gold package getting preferential treatment over bronze package.
Why are you spreading fear-mongering lies?edit on 12-2-2013 by Ghost375 because: (no reason given)
Originally posted by marg6043
reply to post by Ghost375
No you will not be in jail that is truth, but you will be taxed to death kind of that is why the IRS is going to be the enforcer of taxes in the name of fines,
Originally posted by camaro68ss
Originally posted by Ghost375
Originally posted by camaro68ss
Originally posted by jibajaba
opt out - if it's still an option.
cant, you'll get fined and thrown in jail, no joke.
Thats what we call freedom right?edit on 12-2-2013 by camaro68ss because: (no reason given)
You won't get thrown in jail. Quit spreading lies!
Same with the gold package getting preferential treatment over bronze package.
Why are you spreading fear-mongering lies?edit on 12-2-2013 by Ghost375 because: (no reason given)
Stop spreading lies,
yes you will go to jail. What happens if you dont have heathcare? you get fined by the IRS. what happens if you cant pay the IRS, you go to jail.
Or the IRS just sells your hours to pay for your taxes and you live on the street.
Sorry the truth to you is fear mongering.edit on 12-2-2013 by camaro68ss because: (no reason given)
Originally posted by usernameconspiracy
Originally posted by camaro68ss
Originally posted by Ghost375
Originally posted by camaro68ss
Originally posted by jibajaba
opt out - if it's still an option.
cant, you'll get fined and thrown in jail, no joke.
Thats what we call freedom right?edit on 12-2-2013 by camaro68ss because: (no reason given)
You won't get thrown in jail. Quit spreading lies!
Same with the gold package getting preferential treatment over bronze package.
Why are you spreading fear-mongering lies?edit on 12-2-2013 by Ghost375 because: (no reason given)
Stop spreading lies,
yes you will go to jail. What happens if you dont have heathcare? you get fined by the IRS. what happens if you cant pay the IRS, you go to jail.
Or the IRS just sells your hours to pay for your taxes and you live on the street.
Sorry the truth to you is fear mongering.edit on 12-2-2013 by camaro68ss because: (no reason given)
That's not true either. While the act does call for these taxes, it doe not in any way provide an avenue for the IRS to pursue collection. The fact remains that $187 a month for health insurance is a good price. Have you priced insurance lately? I bet you can't come up with comparable insurance for less than $400-500 a month.
The Supreme Court ruling on Obamacare gives the IRS more powers than ever, as it will become the agency enforcing the law and collecting healthcare mandate penalties, IRS officials tell Fox Business Network.
IRS officials, speaking on background, say the agency will have access to information about complete payrolls and levels of coverage at small businesses, as well as the incomes of all breadwinners in a home in order to assess and collect the mandate tax, Fox said.
The IRS will also be allowed to share personal information with more government agencies, insurance companies and employers.
The IRS will add about 4,500 new employees, 4,000 of them for enforcement, to catch tax evaders, and it has budgeted $304 million to build a new computer system to oversee the Affordable Care Act, according to the Government Accountability Office, Fox said.