It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
WASHINGTON (CBSDC/AP) — Americans will see their bank accounts shrink if they don’t sign up for Obamacare in its second enrollment season. Uninsured Americans who decide not to enroll will face a penalty of $325 per person, more than tripling the $95 penalty those who did not enroll had to pay the first time around.
The “young invincible” crowd of 18-to-36 year olds is crucial to the law’s success because insurance companies need their business to offset the costs of covering older, sicker and more expensive enrollees.
originally posted by: Aleister
This is the law of the land, and the reason everyone now has to sign up or face the music (Barry Manilow cd's, played continuously and at high volume) until they do is to finance the hospitalization and other expenses for ill Americans. Kind of like social security with a white smock and a blood pressure doohickey around its neck.
originally posted by: seeker1963
a reply to: eXia7
Just wait until tax season when the IRS dons their new "SS" uniforms!
You ain't seen nothing yet!
originally posted by: butcherguy
Current events tells me that they planned to increase the 'fine' from the beginning. They just couldn't tell the 'stupid public' in the beginning though.
That’s just for 2014. The penalty will grow over time: The dollar minimums will be $325 in 2015 and $695 in 2016 and will grow with inflation after that (rounded down to multiples of $50). By 2023, it will hit a projected $800. And the percentage of income penalty also grows—to 2 percent in 2015 and 2.5 percent after that.
originally posted by: butcherguy
Current events tells me that they planned to increase the 'fine' from the beginning. They just couldn't tell the 'stupid public' in the beginning though.
originally posted by: beezzer
a reply to: eXia7
You are helping people who can't pay for their health insurance.
It's called wealth distribution.
Betcha didn't know that you were "wealthy", did you?
originally posted by: eXia7
originally posted by: seeker1963
a reply to: eXia7
Just wait until tax season when the IRS dons their new "SS" uniforms!
You ain't seen nothing yet!
Yes, it's quite a shame that this country has been turned into one giant donation box for government.
Eventually the time will come when people need to opt out of paying income taxes, until then, I suppose we get to continue watching the country bleed out.
from october but showing a theme its kind of hard to enforce a penalty if you have no one to enforce it due to budgetary concerns ....unless the irs wants to start working for free
Republicans vow to put the clamps on the IRS if they sweep to power in November. GOP lawmakers and aides believe that House-passed legislation to limit the IRS’s reach would have a better shot at making it to President Obama’s desk if Republicans win control of the Senate on Nov. 4. Full Republican control of Congress would give the GOP added leverage over the IRS, doubling the panel’s oversight of an agency that drew conservative ire by improperly scrutinizing Tea Party groups seeking tax-exempt status. The intensified oversight would be particularly damaging to the IRS’s increasingly public role in another GOP target, ObamaCare. The agency scheduled to start enforcing the Affordable Care Act’s individual mandate penalty in 2015. “Most of the oversight has, frankly, been taking place in the House,” Rep. Jim Jordan (R-Ohio), one of the IRS’s most consistent critics in Congress, told The Hill.
Republicans won’t be able to repeal Obamacare as long as President Obama is in office, but they can make a big dent in one of its most egregious and unconstitutional flaws: Simply eliminate the penalties for not having coverage. At his post-election press conference, Obama reasserted that he would oppose efforts to repeal the individual mandate that requires Americans to have Obamacare-qualified coverage. All right, then how about just repealing the fines the IRS can impose on the uninsured? Who cares if there is a mandate to have coverage if there’s no penalty for not having it? People would be free to get whatever coverage they wanted, or none at all, and they would face no penalty.