Understating Obamacare

[jbauer]

Then you have to pay the fees, that's why they put the mandate in.

Right but the fees are significantly less then what the insurance is going to cost. I envision a health insurance agency setting up a tent right outside emergency rooms across America.

For those who are having employers pay for the health insurance. Us in the real world are getting crushed. My quote for a crappy policy came back the other day at $2400/mo for my family of 4. This past year it was $1100/mo. The numbers I've heard floated around for Obama care are in the $15k per year range. Which in my mind is a deal but I would guess that the VAST majority of the non self employed people don't have a concept of the cost of health insurance today.

[amy31416]

$9,500 - $37,000 income = $695

A $695 penalty would crush a person who only makes $10k/year--and nobody here can tell me that the IRS is going to make sure the person knows that they can only sue them for 2x that amount. And if they do sue the person, that'll wipe them out.

[jllundqu]

Just send me to jail... free food and healthcare! lol

Not a bad deal if you don't mind the cornholing!

[gerryb1]

For those who are having employers pay for the health insurance. Us in the real world are getting crushed. My quote for a crappy policy came back the other day at $2400/mo for my family of 4. This past year it was $1100/mo.

You should look into Health Savings Accounts(HSA) with a high deductible policy. The cost has gone up significantly since Obamacare, but you can still find a individual policy for $75 -- family policy should be under $300. The savings goes into a HSA to pay the deductible. Plus, your savings are completely tax free $3,500 per member of your family.

[Odin]

Right but the fees are significantly less then what the insurance is going to cost. I envision a health insurance agency setting up a tent right outside emergency rooms across America.

For those who are having employers pay for the health insurance. Us in the real world are getting crushed. My quote for a crappy policy came back the other day at $2400/mo for my family of 4. This past year it was $1100/mo. The numbers I've heard floated around for Obama care are in the $15k per year range. Which in my mind is a deal but I would guess that the VAST majority of the non self employed people don't have a concept of the cost of health insurance today.

Oh I see what you're saying. Why then would the insurance companies support the law though? In the thousands of pages of the law, there must be some sort of attempt to prevent that?

Are you going to cancel your insurance and pay the fines each year? If a significant number of people chose to do that, the price of insurance plans would skyrocket.

[VBRonPaulFan]

Oh I see what you're saying. Why then would the insurance companies support the law though? In the thousands of pages of the law, there must be some sort of attempt to prevent that?

Are you going to cancel your insurance and pay the fines each year? If a significant number of people chose to do that, the price of insurance plans would skyrocket.

doubtful. chances are that most people who could afford health insurance now but choose not to buy it, will buy it to avoid the tax ramifications and to avoid being scrutinized and a possible tax audit. that is a huge lump of new people paying into the health insurance system. also, now that the health insurance system is basically nationalized - they probably won't have too much trouble twisting arms for taxpayer 'assistance' for a variety of reasons.

[Tpoints]

If you don't have insurance, you're going to be paying over $600 per person in your house hold each year.

how little do you have to make to avoid that?

[patriot2008]

If you make less than ~$9,500 a year, you're exempt. Otherwise the minimum is $695

[MelissaWV]

Two points:

1. Insurance companies currently bind coverage on certain policies with a pre-existing conditions clauses or with waiting periods (think life insurance). I don't see why this wouldn't come into play here. You can buy insurance on the way to the hospital, but it won't kick in for 30 days. It won't help you.

2. While you can just not pay, and get "sued," the thing to remember is that there's a good chunk of the lower and middle class folks who seem to be unable to do things without having a refund in the spring. I would assume they will not pay you your refund if you owe the mandate.

[oyarde]

That is how they plan to collect it , from tax refunds , so , you should make sure you do not have one .