Thread: CBO: Obamacare to cost EVERY family 12-15K per year

CBO: Health Bill Would Force Families to Buy Insurance Costing a Minimum of $12,000 Per Year--Whether Government or Employer Helps Them or Not
Thursday, March 18, 2010
By Pete Winn, Senior Writer/Editor


Congressional Budget Office Director Douglas Elmendorf testifies before the Senate Budget Committee on Jan. 28, 2009. (AP File Photo/Pablo Martinez Monsivais)

(CNSNews.com) – If Congress passes the Senate health-care plan, according to an analysis by the Congressional Budget Office, American families will be required by federal law to buy a federally approved health insurance plan that will cost a minimum of $12,000 per year--and, on average, will cost $15,000 per year -- whether their employer or the government helps them with the premium or not.

Beginning in 2014, the Senate plan would require all individuals to buy health insurance. Anyone who does not obtain insurance through an employer would be forced to buy it out of their own pocket. Families of four that make up to 400 percent of poverty level--currently $88,200 per year--would receive a subsidy from the government to help pay for their premiums. That subsidy would attenuate as their income increased and would disappear when their income reached the 400 percent of poverty level.

Families earning more than $88,200 a year (or whatever 400 percent of the poverty level equals in any given year) would be entirely on their own. Under the Senate bill, employers would not be required to purchase health insurance for their workers, and if they decided not to do so, the maximum penalty they would have to pay would be $750 per year for each worker they did not insure who subsequently received a federal subsidy to buy insurance. The $750 penalty on employers who decided not to insure their workers would be far less than they would pay in premiums for the $12,000 minimum required plan.

According to the CBO analysis, the insurance plans the Senate bill would require families to purchase would cost an average of $15,200 per year in 2016.

“Average premiums among all types of plans in 2016 would be about $5,800 for single policies and about $15,200 for family policies,â€

Charlie Rose did a program on Obama Care last night. None of this was mentioned.

Guess I'll have to quit my job and let the new legalized immigrants pay for my E.R. visits.
How in the world does the government determine what we can "afford" to pay for health ins? I still have not heard how illegal immigrants will access healthcare. My guess is at taxpayer expense as always. We will still be paying for prenatal, birth, and long term serious illness care for anyone who can walk, or swim, across the border.
We should learn from the illegals and start gaming the system like they do.

Originally Posted by vistalad

Charlie Rose did a program on Obama Care last night. None of this was mentioned.

CBO report just came out this morning.

It was reported on FOX, that the IRS will be the enforcer. They will do the auditing to ensure that 300 million people have insurance. They will check individuals and employers.

Psalm 91