(CNSNews.com) – 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.
Read More at CNS News . By Matt Cover.
I received my new AvMed Point of Service rates for this new year,and between the rate increase,the increase in drug co-payments and medical visits co-payments,my insurance would cost me close to twenty eight thousand dollars this year,four thousand more than than in 2012. That Obamacare,has done wonders to reduce insurance costs !!
What would you expect from a fraudulent president ?