|"Don't worry. The Supreme Court said it was just a tax."|
You voted him back in, now own it.
From CNS News:
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.$20,000 huh? I seem to remember Obama and his mouthpieces promising something like $2,500 being the minimum. Wow, the government underestimating costs? Who woulda thunk it?
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.
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.
In the new final rules published Wednesday, IRS set in law the rules for implementing the penalty Americans must pay if they fail to obey Obamacare's mandate to buy insurance.
Oh, well. With 8,500,000 less workers since Obama first took office, there won't be too many able to afford the $20,000 so the IRS will penalize them and that will increase tax revenue and then Obama can go on another $8 million vacation or something.
UPDATE: Oh yeah. Obama said ObamaCare would decrease premiums by 3000%. Don't believe me? There's a video of him saying it here.
Why does anybody ever believe this guy? Seriously.