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Fine is higher if you sign up!

Published:

In looking at the Obamacare policies I noticed that they show what the premium is and what the monthly fine is.

The monthly fine for signing up is about 10% of the monthly premium.

For example if you pay $550 a month for a plan then $500 goes to the premium and $50 goes towards the monthly fine.

So instead of paying the $95 fine for not signing up you are paying more for actually obeying and signing up!

(In this example $600 total annual fine instead of  the non compliance $95 annual fine!)

Why hasn't anyone noticed this before???

Entry #3

Comments

1.
JAP69Comment by JAP69 - December 19, 2013, 6:21 pm
I did not know that.
2.
ThinkComment by Think - December 19, 2013, 6:57 pm
Obamacare is not about giving anyone anything. It is about figuring out more ways for the government to take -
   
     http://finance.yahoo.com/news/obamacare-shotgun-wedding-marry-lose-091500078.html
3.
Comment by reddog - December 19, 2013, 6:58 pm
Uh, I didn't know that either. Be very careful with what you decide. And, of coarse, have a tube of K-Y jelly near by to ease the pain, even though Obama and his family doesn't have to worry about a thing, thanks to us tax payers.
4.
jarasanComment by jarasan - December 19, 2013, 9:19 pm
non participation will end this fiasco.
5.
sully16Comment by sully16 - December 19, 2013, 10:28 pm
omg, this nightmare never ends
6.
Jill34786Comment by Jill34786 - December 19, 2013, 10:41 pm
There are many physicians throughout the country that give heavy discounts for cash. Some of them won't even accept anything under Obamacare.
Even though our insurance got dropped, we were able to negotiate future visits for preventive care.

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