A reliable axiom would be that government intervention makes thing far more expensive. Cars, gasoline, and pretty much anything that the government controls or regulates become more expensive. And with the re-election of Barak Obama, a lot of democrat voters just priced themselves out of the health insurance market. CNS News has why…
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.
Lol, $20,000 a year? Doesn’t this fly in the face of Obama’s promise to lower premiums? Does this jive with Obama’s claim that if people liked their plan, they could keep it? Why isn’t the media reporting this?
Oh yeah, they don’t report news critical of dear leader.
Here’s a littler more…
For those wondering how clear the IRS’s clarifications of this new “penalty” rule are, here is one of the actual examples the IRS gives:
“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).”
OK, you’ve seen it, in the words of the IRS. Now, what is this supposed to accomplish? It’s what we’ve called it all along; Cloward-Piven for the health insurance industry, driving people into dependence on government for their health care. The difference between the tax and the premium is so drastic, that no one in their right mind would purchase insurance. So, the idea is to kill private insurance. After all, if you are sick, or have a sick family member, you won’t be inclined to go against the government that provides the health care.
Just as planned.
Oh, and to the people that will no longer have insurance, just remember that elections have consequences.