IRS-says cheapest obamacare plan is

[Gatormb]

Originally Posted by wgbgator

If your net worth is zero, you don't have to worry about the tax or buying insurance, because you qualify for Medicaid. That goes up to 133% of the poverty line, if you're in a state doing the expansion.

I guess that would apply for my Obama loving "friends" who who have no problem with "rich" Californians paying 63% in taxes.

Oh yeah, they make $50-60k a year under the table as painting contractors and spend $12k (their estimate) per year on booze and cigarettes.

No penalty for them and we'll pick up the tab if they get sick. Multiply by millions. Go figure.

[orangeblueorangeblue]

Sounds like maybe you should just report them to the IRS instead of complaining about it.

[DaveFla]

Originally Posted by thedyc09

I was definitely taken aback when H&R Block showed us what our expected insurance premium would be through an exchange. My wife and I are both quite young and reasonably healthy. I have a great plan through my employer which costs about $70/month for the two of us. Expected cost through a health insurance exchange? $220/month. Of course, I'll be able to keep my plan through my employer....until they decide its cheaper to drop it.

No, no... Obama PROMISED that if you liked your current coverage, you could keep it, and I believe him...

[trekcid]

My Major Medical health plan cost $9800 a year for a family of four with a $ 3500 deductible. That is $ 13,300 maximum out of pocket expense for the plan each year.
To insure all the people that can not pay their fair share,it will cost the rest of the citizens
that can pay a lot more than it does now. Get ready the medical cost to the taxpayers
is going " higher and higher". Sly and the Family Stone

[Gatormb]

I'm 58. Last year I "associated" my company with a company in Indiana and went under their insurance. Turned out to be a big mistake as I had a high blood sugar physical. The company went under and cobra was not offered. BSBS offered a conversion policy at $1,200/mo (myself only) with a $10k deductible + $2k deductable for prescriptions.

Rolled the dice for six months and now have the gov't pre-existing condition plan.

$2k deductible
$500 d for prescriptions then 10-25 copay
Zero d for preventative
70/30 until $6,500 max pop
No max payout

$432 per month
Only two qualifications.

1) Have been turned down or had a condition excepted.
2) Be uninsured for Six months.

[Gatormb]

Originally Posted by orangeblueorangeblue

Sounds like maybe you should just report them to the IRS instead of complaining about it.

Back in the day of no income loans you wouldn't believe the apps I got from yard maintenance company owners driving $50k diesels pulling $10k trailers with $30k in equipment claiming $15k a year in income.

One reason I'm in favor of the Fair Tax. Privacy Laws prevent me from saying a word.

[vertigo0923]

that's some source you got yourself there, bill
''the 'right news', 'right' now''

[The_Graygator]

Originally Posted by GatorAbe7

So this is how ObamaCare promises to protect citizens from soaring medical costs?!?!?!

Well, Obama did promise "affordable" and "accessible" health care.

Of course, as has been the case with Obama since 2007, every time he opens his mouth he's lying, but you're a racist for pointing that out if you do.

I will say it now... Obamacare will collapse in on itself within a few years because of the sheer cost of the system. It will never survive.

[biomedgator]

insurance companies will start a coverage that has no coverage but says you have coverage so you do not get penalitzed. Kinda like PIP car coverage which I think only covers the other drive but nothing else. There will be some bare minimum and the insurance companies will turn this into a positive, but in reality people will still not have coverage.

[jsc28]

Originally Posted by biomedgator

insurance companies will start a coverage that has no coverage but says you have coverage so you do not get penalitzed. Kinda like PIP car coverage which I think only covers the other drive but nothing else. There will be some bare minimum and the insurance companies will turn this into a positive, but in reality people will still not have coverage.

Aren't there set guidelines inside the bill which outline what is considered "coverage"? I am almost positive there is and it even sets a deductible limit. The carriers can't just create any plan they want. Most of their current plans will have to be adjusted, and a lot of the HDHPs will have to be done away with.

[surfn1080]

Originally Posted by jsc28

Aren't there set guidelines inside the bill which outline what is considered "coverage"? I am almost positive there is and it even sets a deductible limit. The carriers can't just create any plan they want. Most of their current plans will have to be adjusted, and a lot of the HDHPs will have to be done away with.

You missed the real point of his post....

[rivergator]

Not really a surprise, but the original claim is completely false:

Q: Did the IRS say that the cheapest health insurance plan under the federal health care law would cost $20,000 per family?

A: No. The IRS used $20,000 in a hypothetical example to illustrate how it will calculate the tax penalty for a family that fails to obtain health coverage as required by law. Treasury says the figure “is not an estimate of premiums.”

link

[dangolegators]

Nope, no surprise at. Just another bogus thread started by a conservative.

[malligator]

So, in the example the family size is reasonable, the income is reasonable, the tax threshold is reasonable, but for some reason when it came to the part about insurance premiums the IRS just pulled a hypothetical number out of their butts for illustration. Sound possible? Sure, why not. I mean, examples with round numbers are easier for people to understand. Of course, $10,000 would have been an easier number to work with and, according to factcheck, is closer to the projected number. But...for some reason...the IRS didn't use $10,000. It chose to use $20,000. Could they, being...you know...the government...know more than us? Nah. They are always fast and loose with figures. Accounting really isn't their thing, you know?

But, hey, an anonymous spokesman sent an email to factcheck so the story has to be "completely false".

[dangolegators]

Originally Posted by malligator

So, in the example the family size is reasonable, the income is reasonable, the tax threshold is reasonable, but for some reason when it came to the part about insurance premiums the IRS just pulled a hypothetical number out of their butts for illustration. Sound possible? Sure, why not. I mean, examples with round numbers are easier for people to understand. Of course, $10,000 would have been an easier number to work with and, according to factcheck, is closer to the projected number. But...for some reason...the IRS didn't use $10,000. It chose to use $20,000. Could they, being...you know...the government...know more than us? Nah. They are always fast and loose with figures. Accounting really isn't their thing, you know?

But, hey, an anonymous spokesman sent an email to factcheck so the story has to be "completely false".

What part of the word 'cheapest' do you not understand?

[GatorFanCF]

OBOB: your foundation is non-existent - you said:

Here's today:

Private insurance through company, private insurance on your own (this is the $20K+ option) or risking it ($0).

In the other scenario:

Private insurance through company, private insurance on your own ($20K+), government insurance ($20K+) or risking it (small penalty).

So no, I don't see much difference.

Read more: http://www.gatorcountry.com/swampgas...#ixzz2MKkkFfNO

I wrote earlier that PRIVATE INSURANCE ON MY OWN FOR MY FAMILY costs about $5,000 per year + I have the downside of up to a $10,000 deductible. How do you get from my earlier statement that private insurance costs $20,000 for a family and it is either that or zero insurance and accepting total risk? My conclusion:
1. You were enjoying a few glasses of wine and missed the details. Happens to all of us.
2. You're really, really bad at math.
3. You have made up your mind that it's not different; and, no matter what else is put forth your mind is set.
I'll give you #1

[wygator]

Originally Posted by Gatormb

I'm 58. Last year I "associated" my company with a company in Indiana and went under their insurance. Turned out to be a big mistake as I had a high blood sugar physical. The company went under and cobra was not offered. BSBS offered a conversion policy at $1,200/mo (myself only) with a $10k deductible + $2k deductable for prescriptions.

Rolled the dice for six months and now have the gov't pre-existing condition plan.

$2k deductible
$500 d for prescriptions then 10-25 copay
Zero d for preventative
70/30 until $6,500 max pop
No max payout

$432 per month
Only two qualifications.

1) Have been turned down or had a condition excepted.
2) Be uninsured for Six months.

Fortunate for you that you got into the program. The feds have already suspended the program because it was costing more than they "expected". Big surprise!

Beginning February 16, 2013, the federally-run Pre-Existing Condition Insurance Plan (PCIP) is suspending acceptance of new enrollment applications until further notice. State-based PCIPs may continue accepting enrollment applications through March 2, and will then suspend acceptance of new enrollment applications until further notice. PCIP will continue providing coverage to more than 100,000 people currently enrolled nationwide. We encourage you to visit http://finder.healthcare.gov to explore your other health care options.

Why is PCIP enrollment being suspended?

Based on program experience and trends since the start of the program, PCIP enrollees have serious and expensive illnesses with significant and immediate health care needs. More information can be found in the Annual Report on the Implementation and Operation of the PCIP Program at http://www.cciio.cms.gov/resources/f...t_01312013.pdf.

This suspension will help ensure that funds are available through 2013 to continuously cover people currently enrolled in PCIP.

http://www.healthcare.gov/law/featur...lan/index.html

[wygator]

I have a good friend who is the director of an outpatient surgical facility 50% owned by a hospital. He says they lose money on every Medicare/Medicaid patient as they are only reimbursed 25 to 27% of their price for the procedures.

They remain profitable due to the self-pay and insurance paid patients...this is called "cost-shifting". The only reason they take Medicare/Medicaid is because the hospital receives some federal funding so they have to.

New cost-shifting that will be coming in Obamacare is "community-pricing" for insurance. Younger people will be charged higher premiums so older folks can be charge lower prices. This will be an actuarial disaster, just like their pre-existing conditions program.

[secgator]

But, but, but.....we were told that Obamacare was supposed to improve everything pertaining to healthcare? Affordability....access to great quality healthcare...the option of choice....you know, ALL those promises from The Messiah himself and The Brilliant One, SOH Pelosi.

What happened?

[PIMking]

Originally Posted by GatorAbe7

So this is how ObamaCare promises to protect citizens from soaring medical costs?!?!?!

They just bullied their way into the thriving insurance scam that the rest of them are in on.