Uninsured next year? Here's your Obamacare penalty

cnn ^ | August 13, 2013: 10:01 AM ET | Tami Luhby

[Red Steel]

To try to ensure that people sign up for coverage, the Affordable Care Act carries complex penalties for those who remain uninsured that could cost them hundreds, or even thousands of dollars. Some 6 million people could be hit with these fines in 2016, forking $7 billion over to the federal government, according to the Congressional Budget Office. ...

Here's how the penalties will work:

Uninsured adults will either pay a flat fee for themselves and their children or pay a share of their income, whichever is greater. ...

Not every uninsured person will be subject to the penalty, however. In fact, 80% of the 30 million Americans expected to lack coverage in 2016 will be exempt from the mandate, according to the Congressional Budget Office.

Among those exempted include: undocumented immigrants, Native Americans and those who earn too little to file tax returns. Also, people who would have to pay more than 8% of their income for health insurance and poor adults who live in states that are not expanding Medicaid also aren't subject to the penalty. The uninsured can also file for hardship exemptions.

[GOPJ]

When a high-profile celebrity in Hollywood gets their health care records, including a breakdown of all of their STD’s spread through social media like wildfire because some outsourced 0bamacare telemarketer in India sold his records for a few bucks, things should get interesting.

It's only a question of time... Then again, Hollywood pushed for ObamaCare - I'm sure they also pushed for exemptions for themselves - and other liberal elites. Jerks.

[GOPJ]

Is that the ‘policy’ with the $10,000 deductible?

[ssaftler]

Based on what you show, I’d see a roughly $1,000 penalty for no health care in 2014. That works out to about twice what my employer-sponsored premiums will be INCREASING in 2014, based on a meeting I just attended. Not to mention the increase in co-pays also going into effect that will drive up the out of pocket expenses.

That’s assuming I and my wife do all the screening prerequisites. If we don’t do those, the premiums go up another $1,000 for the year.

Yup, Obamacare is really helping with the cost of medical care for us “middle-class” people.

[Darnright]

Regarding undocumented immigrants:

Page 50/section 152: The bill will provide insurance to all non-U.S. residents, even if they are here illegally.

BOHICA, America!

[Grams A]

This is just 120% B.S. Bet most will be on Medicaid.