Obamacare

[August]

Originally Posted by Armistead

$700 per adult

That's like what? Three months worth of insurance payments?

[Armistead]

Originally Posted by August

That's like what? Three months worth of insurance payments?

For a family of 4, about $2000 per year.

[August]

Originally Posted by Armistead

For a family of 4, about $2000 per year.

Still way cheaper than the cost of an insurance policy.

[Stealhead]

Originally Posted by August

Still way cheaper than the cost of an insurance policy.

Also this:

When the individual mandate is fully phased-in, those who can afford coverage -- which is defined as insurance costing less than 8 percent of their annual income -- but choose to forgo it will have to pay either $695 or 2.5 percent of the annual income, whichever is greater.That fee would be once a year.

[Armistead]

Originally Posted by August

Still way cheaper than the cost of an insurance policy.

Not for a family. The problem again is even the cheapest insurance would equal or exceed the fines. Then you're left with a 10K deductible to pay.....Even for a lower middle class family, the deductible nulls the insurance.