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.

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  • Faye

    Interesting not a lot of troll comments on this thread yet. Wonder what is holding their tongue or finger from posting snarky comments, could it be something a mundane as the TRUTH?

  • Faye

    typo…”something AS mundane”… not A mundane… sorry.

  • Despiser

    This man/child and his cabal of hyper control freak Liberal friends are the ENEMY of America…

    American Freedom Day starts April 15th…

  • Jonah Vark

    HR3590 has more than 2000 pages but here is a summary, only 49 pages…..;

    There were 18 million people without healthcare insurance but Obamacare transforms the entire national health care system and affects all residents of the U.S., not just the 18 million.

    In the HR3590 summary, the words “Requires the Secretary” (of HHS) appear 98 times and “Directs the Secretary” appears 64 times. “Authorizes the Secretary” appears 30 times. The law gives a tremendous amount of power to one individual, Kathleen Sebelius, who was NOT elected by We, the People, and who “serves only at the will of the President”.

    The IRS may need as many as 16,000 additional auditors, agents and other employees to investigate and collect billions in new taxes from Americans. The government could have just expanded Medicaid to provide healthcare to the 18 million people and ask taxpayers to pay 1 to 2% more on their income tax to fund it. There is a great need for health care and I believe most Americans would have been willing to this tax. Instead we have a humongous mishmash of rules and regulations and taxations that intrude and affect every aspect of our lives.

    After reading this information it appears that the Affordable Health Care Act is a wolf in sheep’s clothing. The good stuff, coverage for children under 26 years old and pre-existing coverage were initiated first. Then the heavy fines and taxations and mandates will take effect in 2013 or later, after the November election of course.

    The Obama Administration has already handed out 111 Obamacare waivers to U.S. companies. Unfortunately, if you’re a small business or don’t have connections you can’t get a waiver for your company. And there are some select groups who are exempt (Prisoners, illegal aliens, and foreign nationals, Amish, Mennonites, Scientologists and some Muslims). I think that Issuing waivers and exemptions to certain groups of people provides unequal treatment under the law. All laws should apply to all people. It is for this reason that this law violates the Constitution and should be thrown out. Just my opinion.

  • wsr3193

    If you think Obozocare is expensive now, just wait until it is free.

  • Highlander

    There’s one point that everyone seems to be missing …

    When people refuse to pay the $20,000 premium, and get hit with the penalty, they STILL get their health care. And who pays for it? The people who ARE paying for it. Until we know how many people are going to get waivers, or simply refuse to buy the insurance, we won’t know just how bad this is going to be, but rest assured, it’s not going to be pretty…. at least not for the responsible people among us.

    I thought the whole idea was to force the freeloaders into the health care system and make everyone start paying their fair share of our health care costs, but from what I can tell, we’re going to be right back where we started, with the responsible people picking up the tab for the millions of parasitic losers who want a free ride. Why am I not surprised though? We have a President who has declared open season on the “rich”, and admittedly seeks to “redistribute” America’s wealth. It only stands to reason that we would be expected to pay more than our fair share…

    It seems that the same hard working Americans who have been saddled with the cost of the nation’s health care for decades are now are going to be asked to pay even more, and why we’re putting up with this is beyond me, because it’s UNCONSTITUTIONAL. We should ALL just refuse to pay ANYTHING, and force this issue back to the table …

  • Sasja

    Faye, when the trolls finally get out of bed and get their talking points, they’ll show up.

  • jorgen

    There would have been 3,000% Savings if it were not for Bush (or Palin) (or GOP) (or Limbaugh) (or …).

  • bg


    January 31, 2013

    Union Leaders’ Epiphany Leaves Them Scrambling:
    Wait, Obamacare Is Going to Drive up Our Costs?

    [“I heard him say, ‘If you like your health plan, you can keep it,’”
    said John Wilhelm, chairman of Unite Here Health, the insurance plan
    for 260,000 union workers. “If I’m wrong, and the president does not
    intend to keep his word, I would have severe second thoughts about
    the law.”

    Why? Why? Why didn’t anyone tell these leaders
    about the costs associated with “Obamacare”?

    “It seems someone finally noticed that mandating benefits and imposing
    regulations has a tendency to … increase costs,” Doug Bandow writes
    for the American Spectator. “Increases which workers are stuck paying.
    Who would have imagined such a result? It’s not like anyone warned
    them, right?”]


  • Highlander

    #10 – Stella … see my comment above. Yes, freeloaders will “SAVE” 18K per year by not buying the insurance, and the rest of us will PAY it for them.

    And Granny, I don’t know where you’re getting your information, but I can ASSURE you that anyone who walks into a medical center will be treated, regardless of whether they bought the insurance or not, and that includes illegal aliens…

    This is a huge crap sandwich, and only communists, parasites, and partisan morons like shadow would EVER think it was a good idea…

  • bg


    wsr3193 #25 February 1, 2013 at 10:27 am

    😆 but 😥 true,

    and we ain’t seen nothin’ yet!!


  • Finncrisp

    The Bronze President brings you the Bronze plan – There is still a slight chance the Supremes will eventually follow the Constitution and make this go away.

    But for now, Barry has us on the road to ruin and makes no apology for it.

  • bg


    Jonah Vark #24 February 1, 2013 at 10:23 am

    nice, informative post,

    thank you..


  • JoyO

    Obamacare was never about health care. It was about wealth redistribution and giving the Government more power to control every aspect of our lives.

  • brian

    Just borrow the money. That’s what the government does.

  • shadow

    The article doesn’t say what comparable health insurance plan accepting those with pre-existing conditions available BEFORE Obamacare would cost.

    It doesn’t say how much health insurance will cost in the future, either. They were hypothetical figures, rounded to something even to make the math so easy that even right wingers could figure it out. Apparently the IRS gave them way too much credit.

  • shadow

    All I know is that, whatever the cost, I will be happy, because it means the government will be stripping hard working Americans of their ill-gotten wealth and spending it on the things that benefit ME. I can’t wait …

  • jharp

    $20,000 is a decrease for my family.

    Can’t wait to buy insurance off the exchanges.

    Thank you Mr. President.

  • shadow

    could it be something a mundane as the TRUTH?

    The truth?? Here?? That’s highly unlikely. The closest GP ever gets is half-truths.

  • bg