Tax penalty to hit nearly 6M uninsured people

Discussion in 'The Howard Stern Show' started by Kamie, Sep 20, 2012.

  1. Kamie

    Kamie Active Member

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    I know, totally not Stern related......slow Stern news day......

    WASHINGTON (AP) — Nearly 6 million Americans — significantly more than first estimated— will face a tax penalty under President Barack Obama's health overhaul for not getting insurance, congressional analysts said Wednesday. Most would be in the middle class.
    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 50 percent 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.
    That's still only a sliver of the population, given that more than 150 million people currently are covered by employer plans. Nonetheless, in his first campaign for the White House, Obama pledged not to raise taxes on individuals making less than $200,000 a year and couples making less than $250,000.
    And the budget office analysis found that nearly 80 percent of those who'll face the penalty would be making up to or less than five times the federal poverty level. Currently that would work out to $55,850 or less for an individual and $115,250 or less for a family of four.
    Average penalty: about $1,200 in 2016.
    "The bad news and broken promises from Obamacare just keep piling up," said Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee, who wants to repeal the law.
    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.
    A spokeswoman for the Obama administration said 98 percent of Americans will not be affected by the tax penalty — and suggested that those who will be should face up to their civic responsibilities.
    "This (analysis) doesn't change the basic fact that the individual responsibility policy will only affect people who can afford health care but choose not to buy it," said Erin Shields Britt of the Health and Human Services Department. "We're no longer going to subsidize the care of those who can afford to buy insurance but make a choice not to buy it."
    The budget office said most of the increase in its estimate is due to changes in underlying projections about the economy, incorporating the effects of new federal legislation, as well as higher unemployment and lower wages.
    The Supreme Court upheld Obama's law as constitutional in a 5-4 decision this summer, finding that the insurance mandate and the tax penalty enforcing it fall within the power of Congress to impose taxes. The penalty will be collected by the IRS, just like taxes.
    The budget office said the penalty will raise $6.9 billion in 2016.
    http://www.google.com/hostednews/ap...v0Whbw?docId=48328c71af0241c39aef95fda77612f7
     
  2. Vashier

    Vashier VIP Extreme Gold

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    This issue is pissing me off so badly at the moment. My wife has had 2 operations in the last year. Needs 2 more before she can think about returning to work but we have since lost insurance when she lost her job for being out for 6 mths. Well we buy private insurance for her BUT because she has a pre existing condition the operations will not be covered. There is NO ONE!!!!! That will do her surgery without at least 30% down that includes the hospital stay so it works out to 60% down 30 for the surgeon and 30 for the hosp. What subsidizing of people who can afford insurance?????? There is no one to subsidize because anyone making over 2k a month can't get any kind of help period!
     
  3. the Artie Chair

    the Artie Chair New Member Banned User

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  4. HowieStearn

    HowieStearn HateClub

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    if you believe Obama will make healthcare better or cheaper i have a bridge for sale. call me at 1-800-guillable
     
  5. racerx

    racerx New Member

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    i don't understand any of this.
    but why was it a good thing that you and i previously had to pay for the uninsured? who should pay for them?
    isn't this personal responsibly, which used to be a conservative value?
    the system obviously needed reformed. the argument should be how specifically to do it, not that it shouldn't have been done.
     
  6. Kamie

    Kamie Active Member

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    Ugh - that sucks Vash. Did she have the option to get COBRA after she left work? I know that can be very expensive. There are lots of things that we can do to reduce the cost of healthcare in general, that are no-brainers, but for some reason we won't do them: like car insurance, allow insurance companies to sell across state lines, and tort reform. I am sorry you and your wife are going through this.
     
  7. RiotGrip

    RiotGrip New Member

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    If you are without insurance for 6 months, they can no longer deny you coverage due to a pre-existing condition. If you can wait it out, that may be the thing to do. Sucks to hear your situation.
     
  8. Kamie

    Kamie Active Member

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    I agree - the system absolutely needed to be reformed, and I listed a few easy things above on how to do it. The problem with Obamacare is that, first and foremost, the country can't afford it. In 2010 the CBO said it would cost 900 billion, in 2011 they revised it to $1.7 trillion, and then last month said "oops, we were wrong the first two times, the 10 year cost is now $2.6 trillion". We are throwing these numbers around and we are numb to "trillions" now. We are $16 trillion in debt to the Chinese, and it scares the shit out of me and many others, I'm sure. Also, while people will have insurance that will in no way guarantee health care. Obama was on Letterman the other night (he was too busy to meet with Benjamin Netanyahu) and when asked about the amount of our debt, he said he wasn't certain. Can you imagine if Bush said that? He said that the debt does not pose a short term problem. He has no plan on how to reduce the debt, and one of his campaign promises was to cut the debt in half, and instead it went from $10 trillion to $16 trillion. I just don't understand why everyone is held accountable but him. It baffles me.
     
  9. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...dont blame the government because drs and hospitals are greedy. if the govt tries to regulate these hyenas people scream socialism.
     
  10. the Artie Chair

    the Artie Chair New Member Banned User

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    I figured it was just a matter of time before you piped in with a really stupid comment in this forum, i.e. "drs and hospitals are greedy.." FYI, I want the most skilled doctor in the world, and if he is the greediest so what, treating my kids when they are sick. Hopefully that (potential) doctor hasn't decided to make a career of working in Dept of Health and Human Services (or 1 of about 10,000,000 government agencies) and can't be available to treat my kids (or yours for that matter, idiot) because the system gets set up where there is no money to be had in the medical profession to justify the long hours required................. we are about 2 more years of Obama away from that day coming upon us.
     
  11. Kamie

    Kamie Active Member

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    Yup - no longer will the 'best and brightest' want to become doctors.
     
  12. FlaFlaFlunkie

    FlaFlaFlunkie Fabulous!

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    It is undeniable that the skyrocketing cost in health care is, in part, directly related to what hospitals charge and the salaries that doctors command AND the cost of educating them (colleges & universities).

    If you have no insurance, you will be assessed the tax. Pay your share. It's the Republican way, isn't it?
     
  13. Kamie

    Kamie Active Member

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    Love you Flunky, but it is not the Republican way. Who keeps telling us that we have to pay our 'fair share'. It ain't the Republicans. Despite the fact that the top 10% wage earners pay 70% of the income taxes, that is not enough. How much more do i have to pay for it to be 'fair'?
     
  14. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...that retard will never take responsibility for himself.
     
  15. racerx

    racerx New Member

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    i don't need to image that. cheeney said the deficit doesn't matter.
     
  16. the Artie Chair

    the Artie Chair New Member Banned User

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    Look when the day is done we wouldn't have 2/3 of the problems we have if us MIDDLE CLASS WORKERS were not supporting the welfare and food stamp recipients WHO ARE ABLE TO WORK, COULD FIND WORK, BUT CHOOSE NOT TO WORK because the system allows for this. Let's stop kidding ourselves otherwise.....We all know who takes advantage of this system and who allows this system to be taken advantage of.....
     
  17. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...youre a god damn idiot. shame to know youve procreated. i hope your kids have teachers who are well paid because youre ignorant. :bigwave:
     
  18. racerx

    racerx New Member

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    i think it would be fair if you paid a much lower %(if you make less than 250k)
    and i think that could be accomplished, if people like howard didn't pay a lower % than you, and had to pay his fair share.
     
  19. the Artie Chair

    the Artie Chair New Member Banned User

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    First off, he knew close to the penny what the debt was/is but chose not to answer the question for fear that Letterman's 1,000,000 + non-Fox news viewers would hear the answer and get a dose of the reality of Obamanomics. Second, even more predictable, was the way Lefty Letterman allowed the non-answer to vaporize into thin air without a follow-up and quickly moved forward lest he put his majesty in a tight spot.
     
  20. FlaFlaFlunkie

    FlaFlaFlunkie Fabulous!

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    I think you'd be alarmed at the amount of people who cannot legitimately work, hold down a job and/or even take care of themselves.

    The place where our system hemorrhages the most money is paying for the uninsured, underinsured, the outrageous hospital charges, the outrageous salaries doctors command and the outrageous cost of a medical degree in this country.