The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Bad News: Low-End Plan Costs $20 Large.
Good News: We Know What It Says

Posted on | February 1, 2013 | 6 Comments

by Smitty

In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.

$20 large is rather dear for “Take two aspirin and call me in the morning,” isn’t it? Especially at an outfit with such an illustrious history.

A credible political platform could be built upon the idea of taking a wrecking ball to the tax code and just letting it go. And ObamaCare with it.

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Comments

  • http://wizbangblog.com/ Adjoran

    Since the “fine” for non-compliance is only going be around $2600, it will be cheaper to just pay that until a family member gets really sick, then sign onto a plan, cancel when they get better.

    Brilliant conception, this ObamaCare. If Pelosi, Reid, and Obama’s brains together were beans, there wouldn’t be enough to make a bee fart.

    I am so sick of hearing about how “intelligent” Obama is. I’ve seen NOTHING from him to indicate that. A glib, smooth-talking con artist, yes – of the first order. But intelligent? Not that I can see.

  • Rick Caird

    I really agree on how “intelligent” Obama is. I don’t remember a President who was ignorant in so many of the areas in which a President is supposed to operate: military, foreign policy, economics, health care,…

  • http://theothermccain.com smitty

    My guess is that he is likely staying well-medicated in these trying times.

  • SDN

    Works fine for the ultimate goal, which is single payer. See, I’m pretty sure the “fines” go to the government, not the insurance company; if they went to the company, it would function too much like a premium for the Left’s taste. So the insurance company will have all the outgo and none of the income. Can we say “Guaranteed bankruptcy?”

  • Freddie Sykes

    I do not doubt that Obama is an overrated ideologue but the fact is he had very little input into what went into his programs. These were written by special interest groups with very little understanding of what they contained by even their most ardent supporters.

  • Freddie Sykes

    Insurance is used to spread risk. The cost is ( benefits paid plus reserves to meet unexpected claims and expenses ) divided by policy holders. Mandating more coverage without limits can only result in higher costs. What a surprise that nobody whose opinion the media valued saw this coming?