H&R Block to see increased revenue due to Obamacare

[Jhhnn]

That's the way the law was drafted. It was purposeful in an attempt to force states to set up their own exchanges. We suspected it and Gruber verified it time and again on video. The SCOTUS will end up gutting the legislation this year because of it. The architects of Obamacare gambled and it appears they will lose.

Love the progression of right wing criticism of Obamacare. From death panels, to its going to crash the economy, to H&R block is making too much money

And the SCOTUS will overturn it RSN over a nuisance lawsuit even though they already passed on that opportunity. Herp-a-derp.

 

[highland145]

So are you going to be fined this year? Doesn't look like it. Yes you are? I apologize, stand corrected, and can pretend to commiserate if you'd like. No? Then you're not freeloading and I wasn't talking to you, idiot.

My apologies for calling you an idiot.



So some 4M people will owe a penalty, $95 or 1%, that the IRS has no legal way to pursue other than take it from their refund ( easily avoidable) while people like me are taking it in the ass because of the ACA. So far a 90% increase in premiums.

Could be that the insurance company is pounding me just because they can but it was still precipitated by the ACA.

 

[OverVolt]

What it amounts to is that people who received thousands in subsidies will have to do some extra paperwork. The hourly pay rate on that looks to be outstanding. The other set of people affected are those who failed to sign up or had intermittent coverage as I offered earlier. How many people it "may" affect remains to be seen.

Huge subsidy? Lol. I made $30k and qualified for a "$0 subsidy." How broke do you have to be to qualify for one?

I do get email alerts though about Eduardo who got health insurance for $2.85 a month. I suspect Eduardo had like 11 children and made $50 on the books last year or something.

Let alone thousands, hah that would be like 25-50% off your premiums. You best be kidding. $22k is minimum wage and AFAIK that puts you in reach of medicare. I'm just between jobs is all. If I actually had to work at my job I used to put myself through college as my career (and many people do) I'm tapping out my savings so ridiculously fast... hahaha... Your a funny guy. Subsidies. Thats how I have insight into what its like for a person who makes $30-35k for a living. I did it for a year after I graduated. They're all freaking boned dude! You'll be singing the same old tune 10 years later and they'll all have switched to voting republican 9 years ago. Nobody is listening to you sit there and parrot back CNN articles to us.

 

[OverVolt]

My apologies for calling you an idiot.



So some 4M people will owe a penalty, $95 or 1%, that the IRS has no legal way to pursue other than take it from their refund ( easily avoidable) while people like me are taking it in the ass because of the ACA. So far a 90% increase in premiums.

Could be that the insurance company is pounding me just because they can but it was still precipitated by the ACA.

2% in 2015 and 3% in 2016 of gross income.

Huge penalty IMO.

 

[highland145]

2% in 2015 and 3% in 2016 of gross income.

Huge penalty IMO.

It is for the middle class but many of them have coverage already via an employer. The lower income won't have one and would be foolish not to get on the ACA for the cost.

People like me are getting stuck. I would be foolish to not protect myself from a catastrophic event but, damn, $7200/yr and a $10K deductible.

 

[OverVolt]

http://dailycaller.com/2014/12/30/o...ber-in-2009-obamacare-will-not-be-affordable/

From this article (I know, drudge originated.... I read cnn, nyt and msn too ya know?)

These comments strike me

"They "fixed" mine. The plan I liked cost $3,000 per year. The first increase after it was signed into law $6,000. Once implemented, $8,000 with huge deductibles. I now have no health insurance."

"My son had health insurance for himself, his wife and and his 4 children at $800 a month after the ACA it went to 1,500 a moth and 10,000 co pay. He now has no insurance."

"Yep, same here. My girl friend with a chronic illness had private insurance she could afford before. Obama care made that plan obsolete. Her rate went up 68%, and that was MN comp if you are familiar with what happened there. So it’s likely going up another 34% .

She had insurance she liked and could afford. Now she can’t afford it as a direct result of the law. Her choices now are to rely on government to pay for her way through life or die.

She can afford healthcare, she cannot afford Obamacare."

"So Obama saved you $3,000. Just don't get sick." <- I chuckled.

etc. etc. It resonates with me because I know its true... I'm in the same boat.

 

[highland145]

Very interested to see what employers will do when the mandate kicks in. Will they choose to pay the penalty or the significantly higher health care costs of their employees. The bean counters are always looking for a way to pad the bottom line.

 

[tracerbullet]

My apologies for calling you an idiot.



So some 4M people will owe a penalty, $95 or 1%, that the IRS has no legal way to pursue other than take it from their refund ( easily avoidable) while people like me are taking it in the ass because of the ACA. So far a 90% increase in premiums.

Could be that the insurance company is pounding me just because they can but it was still precipitated by the ACA.

Mine to you as well.

Sorry to hear. Mine stayed the same, but then I felt they were a bit high to start. Employer covers the majority still so I should feel lucky.

 

[highland145]

Mine to you as well.

I started it...alligator mouth, blue jay ass...

 

[boomerang]

I'll be surprised if that happens. SCOTUS is generally not in the business of reducing government's power, and went through gyrations to avoid gutting it the first time around.

Two things. First, the wording of the law is both clear and thanks to Gruber, we now are certain that it was purposeful. The feds are breaking their own law by subsidizing plans on the federal exchanges. It's not a drafting error, it was intentional. I am guilty of hyperbole in my earlier post. Gutting is the wrong terminology. The SCOTUS will not be responsible for the eventual collapse of Obamacare, the law itself will bear that burden. People will not be eligible for subsidies if they are on the federal exchange and it will then become not viable economically.

Second, Roberts now knows he was played as does the rest of the nation. We'll see if he takes the opportunity to correct his ruling in light of the fact that he was fed a pack of lies. I am hopeful that there is someone high up in government that is not willing to just turn the other cheek when they have been used in the manner he has.

 

[werepossum]

I started it...alligator mouth, blue jay ass...

Haven't heard that in a looong time. I think that may be endemic to South Carolina.

Two things. First, the wording of the law is both clear and thanks to Gruber, we now are certain that it was purposeful. The feds are breaking their own law by subsidizing plans on the federal exchanges. It's not a drafting error, it was intentional. I am guilty of hyperbole in my earlier post. Gutting is the wrong terminology. The SCOTUS will not be responsible for the eventual collapse of Obamacare, the law itself will bear that burden. People will not be eligible for subsidies if they are on the federal exchange and it will then become not viable economically.

Second, Roberts now knows he was played as does the rest of the nation. We'll see if he takes the opportunity to correct his ruling in light of the fact that he was fed a pack of lies. I am hopeful that there is someone high up in government that is not willing to just turn the other cheek when they have been used in the manner he has.

I agree the wording is clear, but SCOTUS can and has performed whatever gyrations it needs to perform to get the desired outcome. I'll be surprised if SCOTUS cuts the subsidies from the federal exchange. Although at this stage, Obama would just declare he suddenly has the power to rewrite the law - or just move everyone to Medicaid.

 

[IGBT]

..and all you liberals with no health coverage that thought you were going to get refunds..it's now going to the IRS.

 

[boomerang]

I agree the wording is clear, but SCOTUS can and has performed whatever gyrations it needs to perform to get the desired outcome. I'll be surprised if SCOTUS cuts the subsidies from the federal exchange. Although at this stage, Obama would just declare he suddenly has the power to rewrite the law - or just move everyone to Medicaid.

I guess we'll see. The fear of insufficient reimbursements from the feds is what led the states, as allowed under the law, to opt out of creating their own exchanges. The left likes to paint those states as evil, soul-crushing entities that are gleefully rubbing their hands together because they chose the path they did. They had two courses of action. They should not be disparaged for choosing the path they did. It remains to be seen how our new Congress deals with Obama but personally, I feel they'll be masters of looking like they're doing one thing while doing the other. In other words the status quo will be maintained.