The IRS recently estimated that the cheapest of the mandatory plans available under Obamacare will cost a family of 4 $20,000 a year.
That is obscenely expensive and illustrative of the idiotic "one size fits all, we know what's best for you" mindset of the statist idiots who crafted this law.
I am self employed and currently carry a high deductable plan for my family of 6. I can afford to pay for office visits and the like, but need insurance for the possibility of some catastrophic problem (i.e when one of my kids broke his leg and the total bill was $300,000).
Of course, policies such as mine will soon no longer be allowed because president Obama and his Democratic allies don't think such policies are good enough. Therefore, I'll soon be forced to either spend much more on health insurance than I have before (to the point that I'll have to cut back on something else), or go without insurance and pay a fine (er.....tax).
There are subsidies available, but many people will find that their take home pay is higher if they earn less: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.
IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family | CNS News
One more way that Obamacare is killing our economy.The new premium assistance program provides powerful disincentives to work by imposing high implicit marginal tax rates on additional earned income. This occurs because large amounts of federal premium assistance is withdrawn at various points on the income scale. For example, a family of four earning just below $88,000, or 400 percent of the poverty level, will receive about $5,000 in annual subsidies to purchase insurance in 2016. Once that threshold is crossed, the subsidy immediately drops to zero. So for a family of four in that income range, a raise in wages would actually result in a significant reduction in take-home pay. The same disincentive applies at other points in the income scale, as premium assistance drops abruptly with small amounts of additional earned income. In fact, combined with explicit federal taxes (income and payroll taxes), the implicit tax associated with the withdrawal of premium assistance can push the effective marginal tax rates on earned income for many low and middle income households to well above 60 percent.
Exchanges & Premium Subsidies | ObamaCare Watch