Article

2014-11-13 Government

Penalty For Uninsured Not Signing Up For Obamacare To More Than Triple

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Posted by trailing wife 2014-11-13 00:00|| || Front Page|| [2 views ] Top

#1 "There is very little awareness of this," she told CBS News. "Until people understand the financial consequences, they don't have an incentive."

What? Good insurance coverage is no incentive ?

Posted by Besoeker 2014-11-13 06:21|| 2014-11-13 06:21|| Front Page Top

#2 Amnesty. It's good enough for several million illegals right?

Posted by Procopius2k 2014-11-13 09:10|| 2014-11-13 09:10|| Front Page Top

#3 There's also a mind-numbing credit (Form 8962) that goes into the 2014 1040 tax return. Supposedly makes the AMT calculation look simple by comparison.

Thanks, guys!

Posted by Raj 2014-11-13 10:25|| 2014-11-13 10:25|| Front Page Top

#4 The penalty is meant to incentivize people to get coverage.

Negative incentives are only effective when people value the reward. In light of the fact that most plans offer sketchy coverage with rising premiums and skyrocketing deductibles this scheme looks likely to backfire. It will be viewed like giving a kid a Christmas gift but deducting their allowance to pay for it. Good luck with that.

Posted by DepotGuy 2014-11-13 11:02|| 2014-11-13 11:02|| Front Page Top

#5 Not going to pay it. That is my duty to the cause of Freedom and Liberty. I will not finance Socialist Medicine and insurance that is inferior and more costly than what we had when we were free and not being forced into this by socialist mandates.

Posted by Ebbomosh Hupemp2664 2014-11-13 12:33|| 2014-11-13 12:33|| Front Page Top

#6 It's a penalty and a tax for the uninsured. Unless you are an illegal, then you get free Medicaid.

Posted by regular joe 2014-11-13 12:56|| 2014-11-13 12:56|| Front Page Top

#7 Would not be the first time I have been fined.

Posted by chris 2014-11-13 14:01|| 2014-11-13 14:01|| Front Page Top

#8 the fine is designed to make people buy the Govt approved products of AETNA, Humana, Wellpoint, Cigna, etc.

Those are the companies hoping to hype their profits for a few years buy getting healthy 20 and 30 somethings to put in $200 to $600 a month to buy far more insurance than they really need and gain subsidies for customers with low incomes

Of course, the end of Obamacare will probably result in either a govt takeover or a more competitive market so those companies are going to be hit in the long term.

Posted by lord garth 2014-11-13 18:22|| 2014-11-13 18:22|| Front Page Top

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