Monday, June 3, 2013

SHOCK: Two-Thirds May Not Insure Under Obamacare...

There's no assurance folks will be buying insurance under Obamacare, and that could spell trouble for the Affordable Care Act. - CNBC

Under the ACA, uninsured Americans have until the beginning of 2014 to purchase insurance through health-care exchanges being set up nationwide or other venues—or face a financial penalty. That penalty is equal to $95 per adult, and $47.50 per child, up to a maximum of $285—or 1 percent of household income, whichever is greater.

Those penalties will escalate in future years.

Cheapest Plan $20,000 Per Family... - CNS

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.

Doctors weigh use of online medical records...Financial Times