ObamaCare Imposes $15,000 Fee On Middle Class Families
By Daniel at 25 December, 2009, 2:31 am
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CNSNews.com reports that the Congressional Budget Office’s analysis of the final Senate health care bill indicates it would slap a mandatory annual fee of about $15,000 on middle-class families that earn an annual income greater than 400 percent of the federal poverty level ($88,200 for a family of four) and are not provided with health insurance by their employer.
On Dec. 19, the CBO sent a letter to Senate Majority Leader Harry Reid (D-Nev.) analyzing the fiscal impact of the bill the Senate is poised to vote on before Christmas.
The CBO analysis cites five basic facts about the bill that acting together would deal a devastating financial blow to many middle class families if the bill is enacted and enforced as written. Here are these facts:
Fact 1: You will be forced to buy health insurance.
Fact 2: You will be eligible for a federal subsidy to help you buy health insurance, but only if you earn less than 400 percent of the poverty level ($88,200 for a family of four), your employer does not offer you coverage, and you purchase a government-approved plan in a government-regulated insurance exchange.
Fact 3: Your employer will not be required to offer you coverage, and will face a maximum fine of $750 per worker per year if it does not.
Fact 4: Your insurance provider will face new federal mandates that will increase its cost for any plan it offers you.
Fact 5: Your family insurance plan — if your employer drops your coverage and you are forced to buy it on your own — will cost about $15,000 per year when the legislation is in full force in 2016.
- dewey
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