CNSNews has a report out on another little selling point for the senate version of ObamaCare.
According to the article, families making more than $88,000 per year may be subject to a federally mandated insurance 'fee' of $15,200.
A family of four—two parents and two children—earning $88,200 would be at 400 percent of the poverty level this year, according to the U.S. Department of Health and Human Services. A family of four earning $88,201, therefore, would not be eligible for a federal subsidy to buy insurance under the Senate health-care bill. If the mother and father in such a family could not get employer-based health insurance—because their employers decided not to buy their workers insurance—the family would be required by law to purchase a policy with its own money that would cost an estimated $15,200 per year, according to the CBO.
In case you were wondering, a $15,200 'fee' on a family of four making $88,201 is roughly 1/6th of their income.
What are the odds these workers will have to pay this premium?
The bill imposes a maximum fine of only $750 per worker on employers with more than 50 workers who do not buy insurance for their workers. Thus employers will face a choice: Pay the employer’s share of the insurance plans for their workers--including the employer's share for the typical $15,200 family insurance plan--or drop insurance for all their employees and pay a maximum fee of only a $750 per employee.
Hmmmm. I really don't see a tough choice for employers, do you?
That little loophole was put in to guarantee that as many people as possible are put on the government plan, of course. Single Payer or Bust, eh, Harry?
Combine this with Nancy Pelosi's version of health care, and not only will the cost of your insurance be steep, but so will the penalties for not getting it. (via The Hill)
The nonpartisan Joint Committee on Taxation reported that the House version of the healthcare bill specifies that those who don’t buy health insurance and do not pay the fine of about 2.5 percent of their income for failing to do so can face a penalty of up to five years in prison!
The bill describes the penalties as follows:
• Section 7203 — misdemeanor willful failure to pay is punishable by a fine of up to $25,000 and/or imprisonment of up to one year.
• Section 7201 — felony willful evasion is punishable by a fine of up to $250,000 and/or imprisonment of up to five years.” [page 3]
So, would that be the whole family in jail, or just the breadwinner? May as well put the whole family in - at least that way they will be guaranteed three squares, cable tv and a roof over their heads.
The Progressive Agenda - destroying America one family at a time.
BTW - don't forget that on top of the new premiums, these families are also going to be taxed to within an inch of their lives to pay for the 18 million who are getting the subsidies that they can't....