Reality Bites: So Much for Those 3,000% Savings – Obamacare Will Cost US Families $20,000 Per Year

Back in March 2010 Barack Obama told supporters that with Obamacare their premiums would decrease by 3,000%.
(Yes, he really said that.)

And they bought it.

Now we find that under Obamacare the cheapest health insurance plan available will cost a family $20,000 for the year.
CNS News reported:

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.

So much for those proposed savings.

 

  • NeoKong

    I’m getting a raise…?
    Awesome.

  • Pingback: Reality Bites: So Much for Those 3,000% Savings – Obamacare Will Cost US Families $20,000 Per Year | Born Conservative()

  • Militant Conservative

    Socialism is a shiney trinket with a bitter center that kills the consumer.

    Socialism has never worked anywhere it has been tried.

    American public in the plurality has become ignorant fools with no intellect.

  • http://none tommy mc donnell

    just think the more people that can’t afford to buy health insurance the more money the politicans get. isn’t socialized medicine great.

  • cavt

    Another govt lie yet so many Americans still defend this and believe govt is the saviour for us all. Absolute craziness.

  • moron

    Yea, but remember that will include “free” abortions, birth control pills and chiropractic care!

  • All_IS_LOST

    Saying ‘told you so’ to people seems a little empty…just like my wallet. When I do tell them ‘told you so’ they still defend the Dems and the mighty O with all of their passion.

  • Pingback: Reality Bites: So Much for Those 3,000% Savings – Obamacare Will Cost US Families $20,000 Per YearPolitifreak()

  • Scot

    To think that you have idiot liberals like Sue”Fender Bender”render of Mary HIll Road in Lafayette,Indiana who are stupid enough to believe the lies coming from the oval office about our preniums not going up.A lying tongue hates those its hurts.But what does it matter to that Black Satan in the oval office in light he in his stupid rotten ivory tower will be taking the brunt of all this marxist cow manure and will not be affected 1 single stinken iota.PLLLLLLLeeeeeeassssee give me a break!

  • Stella Baskomb

    This tells me the actual insurance premium is $2,085 per year.

    Here’s why.

    You don’t have to buy Obamacare until you need it to pay for an accident or disease. That’s because, no matter what the condition of your health, they can’t turn you down. So in reality you are always “covered” when you actually need coverage.

    If you do this, you won’t pay the Obamacare premium, you’ll pay the “tax” instead.

    So the tax in effect becomes your premium.

    And you’ll save the difference – almost 18,000 a year.

  • Granny

    So, what are you going to do? Lay out $20K for “health insurance” or play the odds that your actual medical care is going to cost you FAR less every year. . . .

    Luckily, the “law” was written so that these people are not eligible for the subsidized insurance but also cannot be taxed by the IRS for not having insurance.

    LOL

  • Bill

    The article doesn’t say what comparable health insurance plan accepting those with pre-existing conditions available BEFORE Obamacare would cost. $20,000 for a whole family isn’t bad.

  • Granny

    #12 – I can tell you about what it costs as my BIL has had to pay for everything but his own personal insurance for years. His family premium runs about $120 a week, which is a whole lot less than $20K.

  • Gary Walker

    Insurance for my wife and I, this year is $1,217.57 a month. I’m so upset with the government. No where to turn. Socialist one and all…………..

  • jtb012u340

    this was designed on purpose (no evolution) to bring about single payer.

  • http://www.warroom.com [email protected]

    Let’s see your silly little demon communist comments “Shadow” of a brain. Please tell us how your lord and savior Barack Hussein Obama Mmmm Mmmm Mmmm is still the bestest man ever.

  • http://mychal-massie.com/premium/ bg
  • dwdude

    i just tell the low information voters, “don’t blame me, you voted for him” you can continue to be a fool and defend him…he is an economic fraud and all you need to do is look to jackson and sharpton, the race hucksters, for the outcome. i really don’t know how some people are still alive…

  • dwdude

    #10 stella
    of course the government will never raise your taxes once they create them…savings? ha! they have a license to pick your pocket in perpetuity. wake up

  • shadow

    I can tell you about what it costs as my BIL has had to pay for everything but his own personal insurance for years. His family premium runs about $120 a week, which is a whole lot less than $20K.

    You may think he is paying for everything, but it is obviously subsidized by the company. The average cost for a family policy is over $15K. Ergo, the company is kicking in about a third of the difference between employee and family coverage.