Thread: Obamacare to Increase Premiums Nearly 100 Percent

With amnesty, there will so many more to PAY for. JMO
Obamacare to Increase Premiums Nearly 100 Percent

AP

BY: Washington Free Beacon Staff


May 13, 2013 12:39 pm
A new report released by the House Energy and Commerce Committee reveals Obamacare will increase health insurance premiums by an average of nearly 100 percent. Some premiums could rise by 400 percent.

The committee cited internal documents from some of the nation’s largest health insurance companies.

“The average yearly cost for a new customer in the individual market grows from $1,896 to $3,708—a $1,812 cost increase,” according to the report.

Affordability. It was a central premise – and promise – of the Patient Protection and Affordable Care Act (PPACA) when the law was debated in Congress throughout 2009 and signed into law on March 23, 2010. In his remarks that day, President Barack Obama stated: ‘This legislation will also lower costs for families and businesses…’ Over three years later, the White House continues to state that the PPACA will lower costs. [...]

The … report chronicles the massive premium increases awaiting Americans when full implementation of the PPACA occurs in eight months, definitively contradicting the promise that the law will lower costs. As this report demonstrates, consumers purchasing health insurance on the individual market may face premium increases of nearly 100 percent on average, with potential highs eclipsing 400 percent. Meanwhile, small businesses can expect average premium increases in the small group market of up to 50 percent, with potential highs over 100 percent.

http://freebeacon.com/obamacare-to-i...y-100-percent/

Everyone knows when the government get their hands into something it becomes a mess. No secrets here. Affordbale healthcare my a@@

Obamacare: Taxpayers Must Report Personal Health ID Info to IRS


When Obamacare’s individual mandate takes effect in 2014, all Americans who file income tax returns must complete an additional IRS tax form.
The new form will require disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate.


As confirmed by IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health insurance coverage, and/or making a payment”.


So why will the Obama IRS require your personal identifying health information?


Simply put, there is no way for the IRS to enforce Obamacare’s individual mandate without such an invasive reporting scheme. Every January, health insurance companies across America will send out tax documents to each insured individual. This tax document—a copy of which will be furnished to the IRS—must contain sufficient information for taxpayers to prove that they purchased qualifying health insurance under Obamacare.


This new tax information document must, at a minimum, contain: the name and health insurance identification number of the taxpayer; the name and tax identification number of the health insurance company; the number of months the taxpayer was covered by this insurance plan; and whether or not the plan was purchased in one of Obamacare’s “exchanges.”


This will involve millions of new tax documents landing in mailboxes across America every January, along with the usual raft of W-2s, 1099s, and 1098s. At tax time, the 140 million families who file a tax return will have to get acquainted with a brand new tax filing form. Six million of these families will end up paying Obamacare’s individual mandate non-compliance tax penalty.


As a service to the public, Americans for Tax Reform has released a projected version of this tax form to help families and tax specialists prepare for this additional filing requirement. Taxpayers may view the projected IRS form at www.ObamacareTaxForm.com. On the form, lines 3-4 show where taxpayers will disclose their personal health ID information.


View PDF here.



Posted by John Kartch on Friday, May 10, 2013 2:46 PM EDT


Read more: http://atr.org/obamacare-taxpayers-must-report-personal-health-a7611#ixzz2TCUPv42A

http://cowboybyte.com/21469/obamacare-taxpayers-must-report-personal-health-id-info-to-irs/





Now tell me once again how this healthcare fiasco benefits the American people,versus corporate entities is anyone out there awake yet and working for the people??????






Now tell me once again how this healthcare fiasco benifits the american people,versus corporate entities