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Another rude Obamacare surprise awaits [Your TAX, uh, FINE, uh, TAX!]
Yahoo Finance ^ | November 17, 2014 1:20 PM | By Rick Newman

Posted on 11/18/2014 10:56:30 AM PST by Red Badger

Taxes are bad enough when you know they’re coming—and much worse when they arrive unexpectedly.

As the Affordable Care Act enters its second year of operability, a key and controversial element of the plan will begin to affect several million Americans for the first time. People who didn’t have health insurance during 2014 may soon have to pay a penalty fee that starts at $95 and goes up based on how much you earn. Some Americans know about the penalty, and they’ve budgeted for it or at least accepted its inevitability. But several million others could be in for a rude surprise when Washington assesses a fee they didn’t even know was coming.

The uninsured rate has fallen since Obamacare, as the ACA is known, went into effect at the start of 2014. But there are still roughly 40 million adult Americans who lack health insurance, according to Census Department data. A recent poll by Gallup shows that about 55% of the uninsured plan to get insurance, while 35% say they’re willing to pay the fine for not having coverage. That leaves 10% of the uninsured — 4 million people or so -- who appear to be unaware they need to have insurance or pay a penalty. Plus, some of the 55% who say they plan to get coverage inevitably won’t, including a portion who probably don’t know they’ll get stuck paying a penalty.

The “individual mandate” requiring most adult Americans to have health insurance is an essential element of the ACA because it enlarges the pool of people who are insured and spreads healthcare costs as widely as possible. Without the mandate, there would be a larger portion of sick people and a smaller portion of healthy people covered by insurance, which could make coverage prohibitively expensive for those

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; Politics/Elections
KEYWORDS: fee; fine; obamacare; tax
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1 posted on 11/18/2014 10:56:30 AM PST by Red Badger
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To: Red Badger

What about illegal immigrants that get tax refunds but don’t have health care?


2 posted on 11/18/2014 10:58:19 AM PST by struggle
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WHO IS GRUBER? (BUT YOU CAN KEEP YOUR DOCTOR)
- STUPID - STUPID - STUPID -
HE IS THE CREEPY LITTLE BASTARD SITTING THERE NEXT TO YOU



3 posted on 11/18/2014 10:59:16 AM PST by devolve (- barter &/or trade items &/or services - let the IRS and DOJ get their money from illegal aliens -)
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To: struggle

The government giveth and the government taketh away...................


4 posted on 11/18/2014 10:59:23 AM PST by Red Badger (If you compromise with evil, you just get more evil..........................)
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To: Red Badger

5 posted on 11/18/2014 10:59:27 AM PST by PROCON (Always give 100%...unless you're donating blood.)
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To: Red Badger
ACA = Affordable Care Act ....

Ha...

Affordable.....Not

Care...........Not

Act............act is a division or unit of a drama. The number of acts in a production can range from one to five or more, depending on how a writer structures the outline of the story. The length of time for an act to be performed usually ranges from 30 to 90 minutes, but may be as few as 10.[1]

The term can also be used for major sections of other entertainment, such as film, television, variety shows, music hall, and cabaret.

The Japanese have this pegged...they call it Kabuki theater

6 posted on 11/18/2014 11:05:14 AM PST by spokeshave (He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people,)
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To: Red Badger

Was talking to a lady of around 60 a while back. She got laid off last spring. I asked her what she was doing about health insurance. She said she didn’t have any because Cobra was too expensive. She was totally clueless about ACA and its ramifications. Told her to look into it and left it at that. Didn’t want to pry too much..


7 posted on 11/18/2014 11:15:45 AM PST by EVO X
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To: EVO X

The penalty is paid out of your tax refund. I never get a refund.


8 posted on 11/18/2014 11:19:28 AM PST by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: cuban leaf

I suspect the lady I mentioned doesn’t know that...


9 posted on 11/18/2014 11:21:37 AM PST by EVO X
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To: EVO X

I suspect the lady I mentioned doesn’t know that...


Yeah, most people WANT to get a refund.


10 posted on 11/18/2014 11:23:51 AM PST by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: struggle
“What about illegal immigrants that get tax refunds but don’t have health care?”
**********************
That's different.
11 posted on 11/18/2014 11:24:42 AM PST by mongo141 (Revolution ver. 2.0, just a matter of when, not a matter of if!)
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To: devolve
Love the picture. :-)

Now, do I remember every single person who I've ever sat next to in a business meeting over the past six years? Not hardly. And I'm not the president, I'm sure that his calendar is much more full than mine.

But, he has people whose job it is to remember stuff for him. I don't.

He's lying, or being told to lie. Obviously.

12 posted on 11/18/2014 11:29:00 AM PST by wbill
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To: wbill

.

- Obama and Herr Gruber are two of a kind -

- Ego will destroy both of them -

- CREDIT : Obama’s official White House photographer

http://www.freerepublic.com/focus/news/3228190/posts?page=25#25


13 posted on 11/18/2014 11:34:19 AM PST by devolve (- barter &/or trade items &/or services - let the IRS and DOJ get their money from illegal aliens -)
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To: wbill

Would you remember someone you paid to make a campaign ad for you? O’bastard paid Gruber to make one for him.


14 posted on 11/18/2014 11:35:49 AM PST by Beagle8U (If illegal aliens are undocumented immigrants, then shoplifters are undocumented customers.)
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To: Red Badger

I don’t know what y’all are complaining about!

My employee contribution for healthcare went down from $1000 to $2100!

I didn’t pay attention to the company’s contribution, but I’m sure it went down from something like $7000 to $14000.

See how much the AFFORDABLE Care Act is helping?


15 posted on 11/18/2014 11:37:54 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: MrB

Mine went DOWN to ZERO.

They cancelled our health insurance.....................


16 posted on 11/18/2014 11:39:21 AM PST by Red Badger (If you compromise with evil, you just get more evil..........................)
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To: Red Badger

See how much you’re saving!!!


17 posted on 11/18/2014 11:41:35 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: MrB

They lied when they said it would not affect small businesses under 50 employees.

While the law exempted them, the costs of insurance went so high my employer could not afford it any more................


18 posted on 11/18/2014 11:44:04 AM PST by Red Badger (If you compromise with evil, you just get more evil..........................)
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To: Beagle8U
Probably.

If it were a one-time thing....say, a picture of BO shaking hands with Gruber at some rally or other ... I'd be willing to give BO the benefit of the doubt. He probably "meets" (read: shakes their hand and says 'Hi, How are you?') dozens of people a day. Or more. I'd not expect *anyone* to remember all that.

But it's pretty obvious - from pictures and from quotes - that Gruber was right in the middle of ObamaCare, and working closely with Dem leadership.

Ergo, BO and other Dems are lying. Not that it should come as any surprise.

For what it's worth, I honestly don't disagree with Gruber. The American electorate *is* stupid. After all, they elected - then re-elected - Obama and other Democrats by a significant majority.

So, Gruber and I are in agreement, though I suspect for different reasons. :-)

19 posted on 11/18/2014 11:47:21 AM PST by wbill
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To: Red Badger
They cancelled our health insurance.....................

They did the same to Mrs WBill last year.

Then, Obama made them "Bring it back" - too late for us to take advantage of (we'd already made other arrangements), the policy was much, much worse, and it was at a 25+% premium.

Thanks Obamacare!!!

20 posted on 11/18/2014 11:50:08 AM PST by wbill
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