Obamashock! Work More, Get Less!

Townhall.com ^ | November 21, 2013 | Mike Shedlock

[Kaslin]

The idea behind Obamacare is to make the young and the healthy overpay for insurance to subsidize everyone else.

In an effort to persuade individuals to purchase insurance, the law provides a scale of escalating penalties starting in 2014 and increasing in 2015, then again in 2016.

Actually, there are two penalty rates, and you pay the higher of the two, not both.

2014 Penalties

1. 1% of your yearly household income. The maximum penalty is the national average yearly premium for a bronze plan.
2. $95 per adult ($47.50 per child under 18). The maximum penalty per family using this method is $285.

2015 Penalties

1. 2% of yearly income
2. $325 per adult ($162.50 per child under 18)

2016 Penalties

1. 2.5% of yearly income
2. $695 per adult ($347.50 per child under 18)

If you’re uninsured for just part of the year, 1/12 of the yearly penalty applies to each month you’re uninsured. If you’re uninsured for less than 3 months, you don’t have a make a payment.

No Enforcement of Penalties in 2014

[E. Pluribus Unum]

"From each according to his abilities, to each according to his needs."

[nascarnation]

In my view, the mob designed this to screw Republican voters.
Most Obama voters get medicaid or subsidies or waivers.

[marron]

The idea behind Obamacare is to make the young and the healthy overpay for insurance to subsidize everyone else.

The thing is, hospital pricing has always taken the uninsured into account. Insured people have always been subsidizing the uninsured.

So why, of a sudden, does the price for doing what we've always done suddenly go up times 3?

And why did we need O and his geniuses to do what we've always done? And why does it take a hundred thousand pages of new regulations?

[riri]

We just saw our first .09% medicare tax increase thanks to this debacle.

We will be actively working to reduce our work and income from here on out. No way am I going to kill myself to pay for this nightmare.

Bastards all.

[jimpick]

My thoughts exactly. Reduce my work load and switch to long term gains that are sheltered from current taxes and income reporting.

[riri]

We've gone really lean in the past five years in expectation of all this. I have one more loose end to tie up and then we could probably live on one modest income.

No desire to play this game and be a milk cow.

[lepton]

“From each according to his abilities unless you belong to a protected group, to each according to the Presidents’ need to buy votes.”

[jimpick]

I have reduced my debt to almost nothing so I only need to work 25 days a year at the very least. That just pays my bills with nothing to spare. Hard to get any taxes out of that. Screw them. Five years ago I was working 80-90 hours a week. Now it is about 20.

[jimpick]

Sorry that is 20 hours a month.

[Common Sense 101]

So why, of a sudden, does the price for doing what we've always done suddenly go up times 3?

Because now a number of new, unaccountable bureaucracies, filled with unaccountable overpaid libtard scum, will be monitoring, managing, and continually changing the rules and regulations... the market has priced much of these activities and burden into their costs; the communists haven't. As a result, on the demand side premium costs and deductibles will continue to exponentially and perpetually increase for the healthy and productive, in order to pay for parasitic Demonic Party voters and the takers, while on the supply side the communists will arbitrarily lower payments to doctors, hospitals, and other service providers in order to "keep healthcare costs down." This is typical libtard lunacy... unsustainable insanity devoid of reason, and designed specifically to bring down a once great system.

[meadsjn]

I'd support capital punishment for every Senator and Congressperson who voted for this NAZI Obamacare mess; for every bureaucrat who has supported it; for every media person who has promoted it -- and for any voter who is still too stupid (or evil) to call it what it is.

[cherry]

you know why.....its supposed to fail becuz bammey and the leftist want to own and manipulate 20% of the national economy thru single payer govt control....

imagine all the political favors they can bestow to their top contributors...imagine all the enslaved new govt workers they'll have, getting all those bennies and pensions...

Perot.....IIRC Perot was all set to be the beneficiary of Hitlerys health care conjob back in the 9o's....that's why he ran against the Bush's to draw votes away from the pubs and enable Clinton to take over, by less than a majority...

yet freepers didn't understand that and voted Perot...just like they voted for bammy when they didn't vote for Romney....

[arthurus]

Single payer, here we come! The Republicans will get on board for SP as the only available fix because it won't be practical to go back to the old system and the Free Market won't even be considered. If someone talks about it the Republicans won't even understand. It will be as if the economically knowledgeable person is speaking Urdu.

[arthurus]

just like they voted for bammy when they didn't vote for Romney.

and Romneycare would have been so-o-o-o much better than obamacare!

[Kaslin]

Says you