Ready to shell out $20K a year for your health insurance?
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.
Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.
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.
Remind me again why this bill was called the Affordable Care Act, because it is clear that the result will not be affordable care.
And I can’t help[ but note that the Obama Regime held back this information until after Dear Leader was reelected.