So, What Does That Mean For You?

I’m back from traveling for a research project, and normal blogging will resume on Monday. Meanwhile, here’s another staff post from a member of the Vast Hogewash Research organization:

The IRS on Wednesday issued a regulation that actuarially assumed the least expensive Obamacare plan for a family of 4 and 5 would run around $20,000 annually in 2016. So what does this mean for you?

As our regular readers can attest, we here at Hogewash! like to do the math. So what that amounts to, are premiums of over $1650 per month, per family. For many Americans, that’s more than a mortgage payment for their home. And if you don’t buy health insurance, you have to pay the IRS a penalty.

The penalty for not obtaining insurance is 2.5% of your taxable income. So here’s the question: what is this really? A healthcare bill, or a way to raise taxes on the middle class? Because who in the middle class would pay for that kind of health care plan?

For someone making between $40,000 – $60,000 per year, this plan is 1/2 to 1/3 of your salary. And that’s before taxes. After your mortgage payment/rent and bills, car note, plus basic necessities for your family, who in the middle class has the money to pay for something like that? Remember, that’s the Bronze Plan, the cheap plan.

Of course, this is all after your salary has been cut. You see, your company is eventually going to convert you to a part-time employee in order to avoid the massive penalties they too would incur under this tax scheme. Perhaps this new progressive administration really is trying to make everyone equal. Equally impoverished, that is.

Thank you John Roberts. Your legacy won’t be forgotten.

1 thought on “So, What Does That Mean For You?

  1. We’re living through Reductio Ad Absurdum…and trying really, really hard to make it work.

    Reading this post in concert with Dan Mitchell’s thoughts here just gets depressing:

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