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Old 10-23-2013, 02:13 PM  
Barry-xlovecam
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Quote:
Originally Posted by dyna mo View Post
was just reading it's a $99 fine to not sign up to obamacare. not sure that's a big enough driver to get those 2.7 million healthy young people to buy in at ~$300/month.

$99 v ~$3600.
You are probably right. It's a token amount at this point but rises over the years to a maximum in 2016:
Quote:
So, basically, you're looking at penalties of approximately the following at the following income levels:

Less than $9,500 income = $0
$9,500 - $37,000 income = $695
$50,000 income = $1,000
$75,000 income = $1,600
$100,000 income = $2,250
$125,000 income = $2,900
$150,000 income = $3,500
$175,000 income = $4,100
$200,000 income = $4,700
Over $200,000 = The cost of a "bronze" health-insurance plan
http://www.businessinsider.com/how-m...lty-tax-2012-7
There is an exemption from the mandatory fines/taxes that is if the minimum healthcare insurance (the bronze plan) is in excess of 8% of your income.

I think the best motivator will be when you get medical bills as an uninsured person at the inflated rates that hospitals charge the uninsured.

However, the collusion between the insurers and the Congress make any real lowering of costs a pipe dream (for now anyway).
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