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Old 08-11-2012, 09:42 PM
FBJ
 
Location: Tall Building down by the river
39,605 posts, read 59,073,553 times
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Quote:
Originally Posted by bobtn View Post
People should have the choice to take that risk, with a minor change we need. Like student loans, IMO medical debt should not be dischargeable in bankruptcy, nor carry a statute of limitations for collection. Those who opt not to purchase insurance should be required as condition of not facing the tax penalty the right to sign a waiver affirming non-dischargeable nature and no statute of limitations as shown above.
Thank you. Obamacare is the stupidest thing I ever heard of in my life.
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Old 08-11-2012, 09:44 PM
 
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Quote:
Originally Posted by bobtn View Post
People should have the choice to take that risk, with a minor change we need. Like student loans, IMO medical debt should not be dischargeable in bankruptcy, nor carry a statute of limitations for collection. Those who opt not to purchase insurance should be required as condition of not facing the tax penalty the right to sign a waiver affirming non-dischargeable nature and no statute of limitations as shown above.
That would never work, they would never get their money as the debt for hospital bills are even worse then student loans although those are catching up as well, You don't have to sign anything, you don't have to get insurance you just have to pay the tax for not having it which is much lower then paying the premiums.
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Old 08-11-2012, 09:46 PM
 
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Quote:
Originally Posted by TVandSportsGuy View Post
Thank you. Obamacare is the stupidest thing I ever heard of in my life.
You wont be saying that when your in the hospital with a million dollar debt to pay because you chose not to have healthcare! But you will just go bankrupt and make us all pay for it anyways!
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Old 08-11-2012, 09:47 PM
FBJ
 
Location: Tall Building down by the river
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Quote:
Originally Posted by OHGreat View Post
That would never work, they would never get their money as the debt for hospital bills are even worse then student loans although those are catching up as well, You don't have to sign anything, you don't have to get insurance you just have to pay the tax for not having it which is much lower then paying the premiums.


So how much is much lower?
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Old 08-11-2012, 09:50 PM
 
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Quote:
Originally Posted by TVandSportsGuy View Post
So how much is much lower?
I don't know the exact numbers but the first few years you don't have it the tax is not much at all, it goes up though the longer you don't have it but it is still less then the premiums you would pay for the whole year!
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Old 08-11-2012, 09:51 PM
 
Location: NJ
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Quote:
Originally Posted by OHGreat View Post
That would never work, they would never get their money as the debt for hospital bills are even worse then student loans although those are catching up as well,
So a few who took the risk LOST. They would have a lifetime to pay if need be.
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Old 08-11-2012, 09:52 PM
 
Location: NJ
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Quote:
Originally Posted by TVandSportsGuy View Post
So how much is much lower?
Penalty if I recall correctly is $695 per year if single.
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Old 08-11-2012, 09:54 PM
 
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Originally Posted by bobtn View Post
Penalty if I recall correctly is $695 per year if single.
That is closer to many years down the road of not having it. The first several years is much lower then that!

http://factcheck.org/2012/06/how-muc...obamacare-tax/

“Individuals who cannot afford coverage”: If an employer offers coverage that would cost the employee more than 8 percent of his or her household income (for self-only coverage) that individual is exempt from the tax.
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Old 08-11-2012, 10:00 PM
 
Location: NJ
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How Much Is The Obamacare Penalty Tax? - Business Insider

It hits $695 in 2016. Goes up each year after that tied to inflation.

Maybe Michelle will pay it, since TVSG lives in a city gaga over Obama.
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Old 08-11-2012, 10:00 PM
 
1,828 posts, read 4,657,941 times
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Quote:
Originally Posted by bobtn View Post
How Much Is The Obamacare Penalty Tax? - Business Insider

Wrong-it starts at $695 and goes UP indexed to inflation.

Maybe Michelle will pay it, since TVSG lives in a city gaga over Obama.
Nope not for several years!

Actually 4 mores years! 2016

And way less then it would cost to pay the premiums!
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