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CNS | IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family





(CNSNews.com) – 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.

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  • Gerald Daines

    This article and others completely misrepresent the regulations. The IRS was merely making an assumption as to cost to show how to do the calculations. They were not saying that the cost of the policy WOULD BE $20,000.

    That would be like saying that according to the regulation, you will be making $120,000 next year, because it used that figure as an example.

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