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.
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.
Remember this my fellow Tea Party members, my patriots, my heroes ........ The Nobama administration exempted the governmental branches from the mandates/penalties written into Nobamacare. Some of us may wonder how the USA has managed to bring itself to the brink of collapse. And how have our children become the liberals that they are? And how did this (disgrace) that occupies the oval office manage to be re-elected for a second term by a majority of degenerates? I want to share with you an interview that I watched on YouTube. Please take the time to view it and ponder its content. My opinion is that some of the answers to our questions regarding (how did this happen) are contained in the video. The state of our USA is very troubling to me. When injured, I bleed the most beautiful hues of red, white & blue imaginable. Collectively, it is my belief that most Tea Party members feel as strongly about our country as I do. The sweetest sound on earth as far as I am concerned is NOT the Muslim call to prayer. The sweetest sound on earth is The Star Spangled Banner! OUR National Anthem! Please give the video a look! Keep a stiff upper lip, people. The fight is just beginning. Sovereignty & Freedom forever. https://www.youtube.com/watch?v=RS8LA-5fmrs
And those of us who don't HAVE $20,000 for Obumbum care? What of us? And where will the money they actually manage to get GO? IRS only collects for the FEDERAL RESERVE. What has the PRIVATE BANK to do with 'health' care?
It's time to learn exactly WHAT "TAXABLE 'INCOME'" IS. And it's NOT your PAYCHECK or MINE.
Obama care $20,000 per family. What a bargain !! "We have to pass it so we can find out what is in it" N. Palosi
another brain dead idiot!!