IRS: cheapest Obamacare plan will be $20,000 per year per family [CORRECTED]

UPDATE: The $20,000 figure is wrong. Here is the correction from Investors Business Daily: (H/T Sonya M. via Scott S.)

The most current information from the Congressional Budget Office and the Joint Committee on Taxation put the cost of a family policy purchased through an employer in 2016 at $20,000 vs. $15,745 last year.

In 2016, average premiums for a family of four buying a silver-level plan through ObamaCare’s exchange are expected to be $15,400 — before subsidies. The lowest-cost bronze plan, which is far less comprehensive than typical employer policies, would cost about 85% of a silver plan, or $13,000.

CNS News with some sobering news about health care.


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.

You might be thinking that you will be OK because you have health care through your employer, but there are lots of problems with that. First, your premiums are going up already because your insurer has to cover more people. Second, Obamacare is designed to drive out and eliminate private health insurers. Third, you may not have your job much longer because of the taxes, spending and regulations that harm your employer’s ability to stay afloat.

3 thoughts on “IRS: cheapest Obamacare plan will be $20,000 per year per family [CORRECTED]”

  1. Man, you’re not kidding. It’s going to be rough to say the least. Did you read today’s morning bell at the Heritage Foundation? I read about some more consequences of Obamacare and the powers given to the IRS.

    18—New taxes in Obamacare, including 12 that directly violate then-Senator Barack Obama’s “firm pledge” to those making under $250,000 per year that he would not “raise any of your taxes.”
    47—New provisions Obamacare charges the IRS with implementing, according to the Government Accountability Office.
    $695—Tax for not buying “government-approved” health insurance the IRS will be charged with enforcing on all Americans.
    1,954—Full-time bureaucrats the IRS wants to devote to Obamacare implementation and enforcement in the upcoming fiscal year.
    60,000,000—Medical records the IRS has been charged with improperly seizing, raising concerns about whether the agency can handle the personal health insurance information all Americans will be required to submit to the IRS.
    $439,584,000—The IRS’s request for new spending on Obamacare implementation in the upcoming fiscal year; the request did not specify how much of those funds the IRS will spend on the “Cupid shuffle.”
    6,100,000,000—Man-hours Americans already devote to tax compliance, according to the National Taxpayer Advocate, a burden that will rise significantly thanks to Obamacare.
    $1,000,000,000,000—New revenue raised by Obamacare in its first 10 years alone, according to the Congressional Budget Office, sums that will only rise in future decades.


      1. But these central planners are really just looking out for the “little guy” right? They’re for everyone getting an equal shot aren’t they? -_-


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