So much for bending the cost curve down...
(CNSNews.com) – 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.
Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.
The IRS's assumption that the cheapest plan for a family will cost
$20,000 per year is found in examples the IRS gives to help people
understand how to calculate the penalty they will need to pay the
government if they do not buy a mandated health plan.
The examples point to families of four and families of five, both of
which the IRS expects in its assumptions to pay a minimum of $20,000 per
year for a bronze plan.
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