Please Signup...Obamacare

In its projections, the Congressional Budget Office estimated that 7 million people would enroll in private insurance plans through the marketplaces in 2014, and that 2.7 million -- about 38% of the total -- would be between the ages of 18 and 34.

Problem is how do you get any Young healthy males or females to signup.

PAY THE FINE.

The penalty in 2014 is calculated one of 2 ways. You’ll pay whichever of these amounts is higher:

1% of your yearly household income. The maximum penalty is the national average yearly premium for a bronze plan.

$95 per person for the year ($47.50 per child under 18). The maximum penalty per family using this method is $285.

The fee increases every year. In 2015 it’s 2% of income or $325 per person. In 2016 and later years it’s 2.5% of income or $695 per person. After that it is adjusted for inflation.

If you’re uninsured for just part of the year, 1/12 of the yearly penalty applies to each month you’re uninsured. If you’re uninsured for less than 3 months, you don’t have a make a payment.

The solution to this problem is simple offer them something worth signing up for.

I think it's great that all of us consumers have a trusted source of information!

But not very many folks are signing up armed with all that information? BTW NY had the highest rates in the country so when people use that as an example of how much you can save be wary. I think most people find themselves paying more for less coverage.

Okay dude, how about Florida - for $165 per month???

"Under her current junk plan, she would probably receive no more than a few hundred dollars of benefits for doctor visits and drugs. It wouldn't cover her surgery, her chemotherapy, her many expensive medications, or the repeated diagnostic tests she'd likely require. She would end up with probably $119,000 of unpaid medical bills. With the Humana [Obamacare!] plan, those bills top out at $6,300 a year, no matter what."

Gosh what a softball.
$165 @ 12 months = $1,980 + $6,300 = $8,280.
$8,280 % $30,000 = .276 or as most folks would say 28% of her gross income to medical costs every year.

but wait that is not all since your throwing out a cancer diagnosis as a hypothetical there is a good chance her cancer medicine wouldn't be covered. Furthermore in order to get that diagnosis she would have needed some kind of tests at the hospital and or a visit to an oncologist. She would have had to cough up that $4,600 deductible up front to get that diagnosis and corresponding treatment. Since most of articles mention she is having a tough time coming up with $165 a month I doubt if she has $4,600 stashed somewhere off a 30k a year income. So does she even get the diagnosis or treatment?

There is another significant feature of the Obamacare Penalty-Tax.

Obamacare prohibits the IRS from using liens or levies to collect the penalty tax, tools the agency regularly employs to collect other unpaid taxes. Nor can the IRS criminally prosecute anyone for failure to pay up.

If one were subject to the penalty and chooses not to pay, the IRS can write one a letter requesting payment. The only other way the IRS can collect the penalty is to deduct it from any refund due on one's income taxes.
So if one structures one's taxes so one does not get a refund, one does not have to buy the insurance and pay the penalty-tax.

***n.b. In the above case one would OWE the money to the Government. The IRS has 10 years to collect it. And the IRS will keep track an grab the money if given the chance. Interest does accrue on the money owed.***

n.b. DonDiego is not a lawyer. He accepts no responsibility for the outcome of one choosing to believe anything which he writes. He will, however, endeavor to visit one if one is subsequently incarcerated, . . . and do his best to deliver an excellent saw/file within any confection or baked goods which he brings along.

Yes! According to Consumer Reports: "the only things the plan pays for outside the deductible are preventive services, the first $500 of diagnostic lab tests and x-rays in the year, and "diagnostic" office visits, meaning going to the doctor because you're feeling awful and need to know what's wrong."

And your "28% of her gross income to medical costs every year" dishonestly assumes that she will be very sick "every year." If she only needs covered stuff, you know mammogram, birth control pills, she'll be out $165 a month.

Consumer Reports doesn't throw softballs.

LOL $500 bucks towards a PET scan how generous. GP doctor just sends you to the hospital for tests.
You're the one that assumed she had cancer, and that generally doesn't cure itself in one year or less. Even if she got a miracle 1-year cure she would still need monitoring which generally consists of PET scans and those will consume that $4,600 every year.

Did George Soros buy Consumer Reports?