Obama raises taxes on 6 MILLION uninsured Middle Class Americans

Obama raises taxes on 6 MILLION uninsured Middle Class Americans (Full Version)

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subrob1967 -> Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 3:49:09 PM)
The story Obama doesn't want you to read... quote: WASHINGTON (AP) — Nearly 6 million Americans — most of them in the middle class — will face a tax penalty for not carrying medical coverage once President Barack Obama's health care overhaul law is fully in place, congressional budget analysts said Wednesday. The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises. The numbers from the nonpartisan Congressional Budget Office are significantly higher than a previous projection by the same office in 2010, shortly after the law passed. The earlier estimate found 4 million people would be affected in 2016, when the penalty is fully in effect. The difference — 2 million people— represents a 50 percent increase. By RICARDO ALONSO-ZALDIVAR Associated Press

DomYngBlk -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 3:54:19 PM)
Or they could get insurance and not face the tax......

atursvcMaam -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 4:02:12 PM)
actually it is cheaper to pay the tax than to self insure, but not by much.

DomKen -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 4:17:24 PM)
This isn't new. Looks to me like the OP is grasping at straws.

graceadieu -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 4:18:16 PM)
A lot of people will get subsidies to help defray the cost, so I imagine it'd be cheaper just to get it. And either way is cheaper than having to pay for chemo or heart surgery out of pocket.

tazzygirl -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 4:59:04 PM)
Starting in 2014, virtually every legal resident of the U.S. will be required to carry health insurance or face a tax penalty, with exemptions for financial hardship, religious objections and certain other circumstances. Most people will not have to worry about the requirement since they already have coverage through employers, government programs like Medicare or by buying their own policies. From your source. Premium Assistance Subsidies The premium assistance subsidy reduces the amount that an individual or family pays for health insurance coverage by providing a tax credit. These subsidies are only available through the Exchange. Subsidies are determined on a sliding scale, based on income, so that individuals at the lower end of the income scale get the most help. The subsidy is based on the premium for a benchmark plan (the second lowest cost silver plan available in an Exchange). An individual or family who wants a more expensive or higher tier plan (i.e., gold or platinum) must pay the difference. Premium Limits for Consumers Based on Income Income Premium Limit Up to 133% FPL 2% of income 133 - 150% FPL 3 - 4% of income 150 - 200% FPL 4 - 6.3% of income 200 - 250% FPL 6.3 - 8.05% of income 250 - 300% FPL 8.05 - 9.5% of income 350 - 400% FPL 9.5% of income Cost-sharing Assistance Subsidies All people who buy coverage through an Exchange will have a cap on their total out-of-pocket spending, including deductibles, co-pays and co-insurance. These limits are based on the out-of-pocket limits that apply to high-deductible plans used with Health Savings Accounts (HSAs). People with incomes under 400 percent FPL will get subsidies to lower those caps based on their income. http://101.communitycatalyst.org/aca_provisions/subsidies <138% FPL Medicaid  No premiums  Cost sharing limited to nominal amounts for most services 139%‐250% FPL Exchange  Sliding scale tax credits limit premium costs to 3‐8.05% of income.  Sliding scale cost‐sharing credits 251%‐400% FPL Exchange  Sliding scale tax credits limit premium costs to 8.05‐9.5% of income.  No cost sharing credits Notes: Exchange coverage and tax credits are limited to lawfully residing individuals who do not have access to employer‐sponsored insurance. Lawfully residing individuals who are barred from enrolling in Medicaid during their first five years in the U.S. may receive Exchange coverage and tax credits. Premium credits will adjust annually. Source: “Summary of New Health Reform Law”, Focus on Health Reform, the Kaiser Family Foundation, June 18, 2010 http://www.kff.org/healthreform/upload/8168.pdf Its doing its job.... sucks that you cant see that.

slvemike4u -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 5:16:23 PM)
quote: ORIGINAL: DomKen This isn't new. Looks to me like the OP is grasping at straws. Given the events of the last few days this is understandable. I have a feeling the "oh my god there is a black man in the Oval Office" feeling is going to stick for a few more years [:)] Now I am not,for a moment suggesting that everyone who would like to see him out feels this way....just pointing out what should be obvious to most....there are indeed citizens of this great land who can not fathom the fact that a gasp black man sits behind that desk. Not suggesting for a moment that our buddy Subrob is one of these folks....not suggesting that at all,I'm just saying [8\|]

LookieNoNookie -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 5:32:26 PM)
quote: ORIGINAL: subrob1967 The story Obama doesn't want you to read... quote: WASHINGTON (AP) — Nearly 6 million Americans — most of them in the middle class — will face a tax penalty for not carrying medical coverage once President Barack Obama's health care overhaul law is fully in place, congressional budget analysts said Wednesday. The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises. The numbers from the nonpartisan Congressional Budget Office are significantly higher than a previous projection by the same office in 2010, shortly after the law passed. The earlier estimate found 4 million people would be affected in 2016, when the penalty is fully in effect. The difference — 2 million people— represents a 50 percent increase. By RICARDO ALONSO-ZALDIVAR Associated Press You know what's hilarious? Obama is a clear union shill. No question. Romney wants to kill unions. Both have their points....each are extraordinarily valid. What's hilarious in these discussions is the people that take only one side, with absolutely no concern for the other (because...it was stated by someone that ain't on their team). Unions have corrupted the pension funds and retirement systems that you, when they fail (and they will) will pay for. Unions were also an enormously valid concept at one time when money was flowing like honey and we needed skilled workforces to compete with the world....and we did...thanks largely to the training unions provided. The world has changed. It's no longer "one or the other" (and hasn't been for decades) but most see it that way. It's fairly simple math: "We can't do this the same way we did before anymore....so now....what's the solution?" But no one wants to hear that. They only want their side to be told. And that, folks....is what's gonna fuck everything up sideways.

BamaD -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 5:39:59 PM)
quote: ORIGINAL: subrob1967 The story Obama doesn't want you to read... quote: WASHINGTON (AP) — Nearly 6 million Americans — most of them in the middle class — will face a tax penalty for not carrying medical coverage once President Barack Obama's health care overhaul law is fully in place, congressional budget analysts said Wednesday. The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises. The numbers from the nonpartisan Congressional Budget Office are significantly higher than a previous projection by the same office in 2010, shortly after the law passed. The earlier estimate found 4 million people would be affected in 2016, when the penalty is fully in effect. The difference — 2 million people— represents a 50 percent increase. By RICARDO ALONSO-ZALDIVAR Associated Press The oruginal quote was made by someone who does not understand basic math 2 million to 4 million is a 100% increase this should be taken into account when assessing the rest of their statements.

cloudboy -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 5:52:05 PM)
quote: Nearly 6 million Americans — most of them in the middle class — will face a tax penalty for not carrying medical coverage The new health policy is designed to eliminate free loaders from the system. The curious thing is what kind of coverage they will receive if involuntarily drafted into the system. You cannot feasibly force insurance companies to insure those with preexisting conditions unless all Americans must get insurance. This idea started with the conservatives during the Clinton era.

subrob1967 -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 6:43:04 PM)
quote: ORIGINAL: BamaD quote: ORIGINAL: subrob1967 The story Obama doesn't want you to read... quote: WASHINGTON (AP) — Nearly 6 million Americans — most of them in the middle class — will face a tax penalty for not carrying medical coverage once President Barack Obama's health care overhaul law is fully in place, congressional budget analysts said Wednesday. The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises. The numbers from the nonpartisan Congressional Budget Office are significantly higher than a previous projection by the same office in 2010, shortly after the law passed. The earlier estimate found 4 million people would be affected in 2016, when the penalty is fully in effect. The difference — 2 million people— represents a 50 percent increase. By RICARDO ALONSO-ZALDIVAR Associated Press The oruginal quote was made by someone who does not understand basic math 2 million to 4 million is a 100% increase this should be taken into account when assessing the rest of their statements. Except that 4 million is now 6 million, or 50% higher than expected.

Musicmystery -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 6:44:39 PM)
quote: Obama raises taxes on 6 MILLION uninsured Middle Class Americans Yeah but "middle class" is people making $250,000/year -- Romney 'splained it to me.

Lucylastic -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 6:54:58 PM)
[:D][:D]

DaNewAgeViking -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 7:23:45 PM)
If I recall correctly, there is an obscure provision in the ACA which forbids Federal funds from being used to prosecute those who don't comply. If that's the case, the law is toothless. [sm=beatdeadhorse.gif]

DOM68005 -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 7:31:34 PM)
I wish I could say that about the Infernal Revenue Service.

FMRFGOPGAL -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 8:09:15 PM)
quote: ORIGINAL: DomYngBlk Or they could get insurance and not face the tax...... It's simply a matter of republicans wanting to pay nothing to live in one of the best coutries on earth. And they'll cite any playground math to convince themselves they have proven someone wrong. Surely you've seen them launch into that nanny-nanny-boo-boo pentameter when you call them on "their facts", right?

TheHeretic -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 8:24:21 PM)
Yep. This has been my main gripe with the law. If it had been in place five years ago, the cost of not simply doing without health insurance for half a year, would have been a dealbreaker for me taking a leap of faith towards a better life for myself and my family. The next guy in the spot I was in, is just going to be fucked, and stuck in the dead ender.

atursvcMaam -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 11:26:38 PM)
This one's a piece of cake actually. the real beartrap of taxes go into effect in january of 2013. It'll be a blast. http://www.nypost.com/p/news/opinion/opedcolumnists/taxmageddon_in_KeiGQ2lz9pDtsBQfSoCxpJ

DomKen -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/19/2012 11:46:29 PM)
quote: ORIGINAL: atursvcMaam This one's a piece of cake actually. the real beartrap of taxes go into effect in january of 2013. It'll be a blast. http://www.nypost.com/p/news/opinion/opedcolumnists/taxmageddon_in_KeiGQ2lz9pDtsBQfSoCxpJ The horror, tax rates would return to the levels we enjoyed during the 1990's when the economy expanded and so did the number of jobs and the average salary. What ever will we do?

farglebargle -> RE: Obama raises taxes on 6 MILLION uninsured Middle Class Americans (9/20/2012 3:03:07 AM)
quote: ORIGINAL: DomYngBlk Or they could get insurance and not face the tax...... Yeah, I'm not understanding what problem these Republicans are having with PERSONAL FISCAL RESPONSIBILITY.

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