Friday, July 06, 2012

Make less than $120,000 a year? You might pay for 75% of Obama's news health care law.

Originally published in the 7/3/2012 edition of the Desert News

Americans making less than $120,000 a year will cover 75 percent of Obama's new health care law's costs, according to Stephen Moore, a senior economics writer for the Wall Street Journal, via
How much of a tax can families expect to pay if they don't have health insurance? In 2014, families would have to pay $285 and single individuals would have to pay $95, according to the article. But those numbers are scheduled to rise a considerable amount. By 2016, the tax for a single adult who doesn't purchase health insurance will be $695. A family would have to pay $2,085.
"I'll tell you this, for Americans who are going to have to pay these fines, penalties, taxes, whatever you want to call them … what we found is it's going to be pretty darn expensive," Moore told Fox News' Alisyn Camerota, according to the article. "The taxes phase in over time so next year they might be pretty modest, by about 2015 or '16, for families that choose not to buy health insurance, you're talking about a fine, Alisyn, that could be over $2,000 a year."

No comments:

Post a Comment

Authors of comments and posts are solely responsible for their statements. Please email for questions or concerns. This blog, (and any site using the blogger platform), does not and cannot track the source of comments. While opinions and criticism are fine, they are subject to moderator discretion; slander and vile attacks of individuals will not to be tolerated. Middletown Insider retains the right to deny any post or comment without explanation.

Popular Posts