Get ready for 2014, when Obamacare will *&^% small businesses even harder

[JohnnyD]

Originally Posted by Redsoxticket

Pay the fine and take the risk of your pay/salary being garnished until your medical bills are paid off or having a lien placed on your estate.
Posted from my iPhone/Mobile device

It's actually quite simple math. If you make more than $70k/yr as an individual (or $120k as a family), might as well pay for insurance, as Obama's fine would be more than the yearly cost for insurance. Considering that the "penalty" increases over time from the initial 1% fine, that $70k will very quickly become under $50k. Yet, assistance to cover costs doesn't start unless you make under $45k.

This isn't a question of "what to do". It's an issue of costs increasing significantly (as widely predicted, mind you) while Obama promised "a decrease of $2500/yr in family medical costs".

It's almost like Obama and the Democrats wake up each morning and go "hmmm... how can we further force more government impositions onto the individual while also further #^&#^&#^&#^&ing over the economy in the process."

[Redsoxticket]

Originally Posted by JohnnyD

It's actually quite simple math. If you make more than $70k/yr as an individual (or $120k as a family), might as well pay for insurance, as Obama's fine would be more than the yearly cost for insurance. Considering that the "penalty" increases over time from the initial 1% fine, that $70k will very quickly become under $50k. Yet, assistance to cover costs doesn't start unless you make under $45k.

This isn't a question of "what to do". It's an issue of costs increasing significantly (as widely predicted, mind you) while Obama promised "a decrease of $2500/yr in family medical costs".

It's almost like Obama and the Democrats wake up each morning and go "hmmm... how can we further force more government impositions onto the individual while also further #^&#^&#^&#^&ing over the economy in the process."

The penalty for not having insurance in Massachusetts is much lower then you stated for that income bracket. The attached chart shows the penalty for all incomes and the max penalty for incomes above 300 percent poverty is about $105 per month. If you can find insurance less then that you have a good plan. This is assuming that the Obama plan will be the same as MA which in my opinion it will not be very far off.
My next post will show the penalty amounts, can't upload via the phone
[IMG][/IMG]

[JohnnyD]

Originally Posted by Redsoxticket

The penalty for not having insurance in Massachusetts is much lower then you stated for that income bracket.

You're right but we aren't talking about MA. My post is based on Obamacare's 2014 penalty being 1% in 2014, 2% for 2015 and 2.5% in 2016.

One item I did leave out is that the penalty cannot be higher than the average cost of the Bronze Plan. Something I haven't looked at is what types of deductibles and coverage comes with the Bronze Plan.

Now, if you consider that the penalty *doubles* in 2015, it looks like Obamacare takes into consideration Obama's promise of "cheaper health care" was laughable - as costs are projected to continue to soar.

My next post will show the penalty amounts, can't upload via the phone.

Look forward to it. It'll save me from having to do a bunch of annoying math if you have a "cheat-sheet".

[scottw]

Originally Posted by JohnnyD

It's actually quite simple math.
It's almost like Obama and the Democrats wake up each morning and go "hmmm... how can we further force more government impositions onto the individual while also further #^&#^&#^&#^&ing over the economy in the process."

right...and so you are left with the question of whether these people who are supposed to be really smart(just ask them, and any of their supporters).....are somehow unaware of the damage that is being caused....or...is this being done purposefully?....and just how do you deal with people like this who are in power?

the funding mechanism and lynch pin for this was supposed to be the exchanges...this is where you were going to go when you employer's or private plan became unaffordable

another giant government bureaucracy disaster


"The Obama administration now says a special system of exchanges designed to make it easier for small businesses to provide insurance will be delayed an entire year -- to 2015.

"Lots of small businesses struggle with providing insurance for their workers so this was supposed to facilitate it and make it easier for small business to do this," said Jim Capretta of the Ethics and Public Policy Center. "It was a huge portion of the sale job. When they passed the law in 2010 there were many senators and members of Congress who were saying 'I am doing this because it's going to help small businesses.'"

probably the same senators and members of congress that are also pushing to boost the minimum wage