According to the IRS, the cheapest health insurance plan available under ObamaCare for a family of four, will cost $20,000 per year (which they are required to pay).
In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.
The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.
The examples point to families of four and families of five, both of which the IRS expects in its assumptions to pay a minimum of $20,000 per year for a bronze plan.
"The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000," the regulation says.
Bronze will be the lowest tier health-insurance plan available under Obamacare--after Silver, Gold, and Platinum.
So much for "reducing the cost" of health insurance, huh? Government strikes again.
In related ObamaCare news …
• Association of American Physicians and Surgeons: "the criminalization of language used in medical reports will have a profoundly chilling effect on the practice of medicine."
• Obamacare's role in gun control: "[Obama] gave the green light to federal health researchers to resume studying gun violence … saying he wanted the Centers for Disease Control and Prevention to again examine what causes violence and how to prevent it."
Health care socialism, er, corporatism sure is fun, isn't it?