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Beware: ObamaCare’s now reality
New York Post ^ | November 13, 2012 | BETSY McCAUGHEY

Posted on 11/13/2012 10:32:33 AM PST by Ooh-Ah

President Obama’s re-election and Democratic gains in the US Senate end any possibility of repealing the Obama health law. It will roll out as written, imposing major changes soon on you and your family. If you are uninsured because you can’t afford it, help may be on the way. But if you are one of the 250 million Americans with coverage, there are big problems ahead.

If you get your health insurance through a job, you might lose it as of Jan. 1, 2014. That’s when the new “employer mandate” kicks in, requiring employers with 50 or more full-time workers to provide the government-designed health plan or pay a fine. The government plan is so expensive, it adds $1.79 per hour to the cost of a full-time employee. That’s incidental if you're hiring neurosurgeons but a hefty increase for hiring busboys and sales clerks.

Currently, employers in retail and fast-food industries pay less than half that to cover their workers.To avoid thecostly mandate,some employers will push workers into part-time status. Other employers will opt for the fine. Either way, workers lose their on-the-job coverage.

Worse, they risklosingtheir jobs.Even the fine adds 98 cents an hour to the cost of labor, enough to make some employers cut back on their workforce.

As many as a third of employers are considering canceling coverage, according to McKinsey & Co. management consultants. But that doesn’t mean you’ll be uninsured; you won’t have that choice.

When you file your taxes, you will have to show proof that you are enrolled in the one-size-fits-all plan approved by the federal government. It’s mandatory, starting Jan. 1, 2014, or the IRS will withhold your refund....

(Excerpt) Read more at nypost.com ...


TOPICS: Culture/Society; Editorial; News/Current Events
KEYWORDS: audit; barrycares; healthcare; irs; obamacare
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To: Lou L

True, plus you get to blame the evil corporation for increasing their prices!


41 posted on 11/13/2012 1:20:59 PM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: DannyTN

“As if, it would have been different under Romney. We lost the fight against Obamacare in the primary.”

That’s a crock and you know it. Geez....


42 posted on 11/13/2012 2:29:40 PM PST by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
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To: freekitty
Betsy McCaughey has been on this beat since Hillarycare. She may know more about it than anyone else in the world.
43 posted on 11/13/2012 5:59:52 PM PST by hinckley buzzard
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To: girlscout
What if you don't have a refund for them to withhold?

Then they will send you a statement of what you owe. If you still don't pay, they will send you a statement of what you owe plus penalties and interest. If you still don't pay, then after maybe a couple more rounds you will get a registered letter from a "special agent" of the IRS, which means criminal proceedings are imminent, and you had better get a lawyer. Expect that to cost one helluva lot more than the initial assessment, even if you don't end up having to go to prison.

See how it will work, now?

44 posted on 11/13/2012 6:07:46 PM PST by hinckley buzzard
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To: hinckley buzzard

She certainly has switched back and forth between the parties.


45 posted on 11/13/2012 6:57:56 PM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: taildragger

I have been told this. She has switched parties several times. Wonder whats up with that.


46 posted on 11/13/2012 7:06:13 PM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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