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Obamacare Penalties: The Big Mistake Millions Are Making

The Patient Protection and Affordable Care Act, also known as Obamacare, is controversial for many reasons, and one of them has to do with the penalties it imposes on those who don't get qualifying insurance coverage. But many people are still confused about exactly how the Obamacare penalties work.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, goes through the Obamacare penalty provisions to discuss the details. Dan notes that the penalties are $95 for each adult and $47.50 for each child in any given family, up to a maximum total of $285. But you also have to look at your income to see if you could owe more. Dan emphasizes that while most people think of the penalty as being 1% of income, that 1% only applies above your tax filing limit, which was $10,000 for single filers and $20,000 for joint filers in 2013. Moreover, Dan notes that the penalty can't be more than the average national premium for bronze-level policies, which is estimated to be around $4,500 to $5,000 for an individual plan. Dan concludes that the penalties can in fact be substantial, but it's important to know exactly what you might owe before making a decision about coverage.

Don't let Obamacare confuse you
Provisions about Obamacare penalties are unnecessarily complex, but you don't have to feel like you're in the dark about the Affordable Care Act. In only minutes, you can learn the critical facts you need to know in a special free report called "Everything You Need to Know About Obamacare." This free guide contains the key information and money-making advice that every American must know. Please click here to access your free copy.


Read/Post Comments (65) | Recommend This Article (41)

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  • Report this Comment On January 26, 2014, at 11:03 AM, slanciano wrote:

    NObamacare for all !!!

  • Report this Comment On January 26, 2014, at 11:19 AM, blakepannell94 wrote:

    Dan,

    There may be a "requirement" to have health insurance and the punishment is monetary, but.... you are NOT required to pay the penalty.

    The "penalty" is only in effect if you do not have health insurance AND the government OWES YOU a REFUND.

    Justice Roberts in his argument stated quite plainly that there is no "penalty". On Page 8 of Justice Roberts Opinon of the Court Cite 567 U.S. (2012) he states “The Act, however, bars the IRS from using several of its normal enforcement tools, such as criminal prosecutions and levies. 5000A(g)(2)”

    Therefore, Congress never built any IRS audit, penalties, imprisonment, fines or back taxes associated with this law. Justice Roberts then concluded correctly, that if the government does not owe you a refund, the IRS CANNOT collect the penalty.

    Even the IRS' own website acknowledges this and states they can only remove the penalty amount through the refund process.

    Now....that may change over time - but as the law stands right now, there is no "penalty" for not having insurance.

    Think of it this way...if you go to a gas station and it says "Cash $3.80" or "Credit $4.00" is the gas station penalizing you or are you penalizing yourself?

    You complete the form that states how much to remove in taxes each year - if you reduce your exemptions so that you owe the government, even $1, there is no penalty for not having health insurance. If you raise your deductions and the government collects too much whereby you receive a refund at the end of the year AND you do not have health insurance then the IRS will remove the penalty amount.

    The key is that you are in control of whether or not to pay penalty not the IRS.

    Another example, let's say there is a "No Parking" sign and you get a ticket, but the police can only collect their money if you have money sitting in the police bank account. Simple, don't have money sitting there and you can park all you want.

  • Report this Comment On January 26, 2014, at 11:21 AM, cityperson wrote:

    I'm sure most of the peopel that sign up for the Obamacare Tax are not aware of the GUN To Your Head Penalities thatr take effect soon after a perosn signs up. I'm also sure soon as the people find out morew about all these penaltues, the sign up will slow down or come to a halt.

  • Report this Comment On January 26, 2014, at 11:23 AM, Robnati wrote:

    The ACA is a regressive debacle.

  • Report this Comment On January 26, 2014, at 11:27 AM, katinsedona wrote:

    Dan brings forth an interesting detail with respect to the calculation of the penalties under the "Unaffordable Uncaring Act." But he has neglected to relate that the Act provides the IRS no recourse against anyone for not paying any penalty owed save for being able to seize that amount out of any refund a person might be owed. So it will be increasingly important to manage your withheld and estimated taxes so that you do not end up a real fool at year's end with a refund at risk.

  • Report this Comment On January 26, 2014, at 11:35 AM, radarfour wrote:

    The real fool is anyone without quality health care1

  • Report this Comment On January 26, 2014, at 11:45 AM, ObamaTheYahoo wrote:

    The MISTAKE MILLIONS made was electing the FOOL not once, but TWICE. Enjoy.

  • Report this Comment On January 26, 2014, at 11:47 AM, boilerbob wrote:

    if we don't sign up for this crap then the law will collapse we don't want socialism

  • Report this Comment On January 26, 2014, at 11:48 AM, Astro2031 wrote:

    To radarfour - I think your comment is ill thought. People can go without health insurance for a good portion of their healthy adult life. They can put money aside to pay cash for any services they need, and believe me, many practitioners would prefer cash up front offering a discounted rate as opposed to waiting 30-90 days for an insurance company to pay a claim- if they even pay.

    To anyone considering signing up for these plans, if you have medical conditions that will require frequent treatment or medication, then you are likely to find it even more difficult to find a physician who is going to be willing to accept an ACA plan. The provisions in these plans allow a consumer to be in arrears for 90 days before a policy would then show to be inactive with the insurance plan. For patients who get medical treatments each month, such as chemo, infusion therapy, radiation, etc. practitioners cannot afford to take the risk of treating these patients, getting paid for a claim while patient is in default, and then having the payment recouped from the insurance plan 90 to 120 days later, leaving the practitioner to hunt the patient down for payment. Practitioners will go broke catering to these plans, and quite a few are refusing to accept them in their office. Your only option will then be to go to hospitals who have to take the plan, thereby increasing the costs submitted to insurance and over time increasing your policy.

    Obamacare is a complete nightmare and healthy people will foot the bill for everyone else. I would rather put my money for a premium in an investment and have cash on hand to pay for medical services than participate in these plans. Just a thought.

  • Report this Comment On January 26, 2014, at 11:49 AM, sogole wrote:

    How can a government force people to pay for something they do not have the money to pay for???????????

  • Report this Comment On January 26, 2014, at 11:51 AM, Oregonboy wrote:

    We must pay before we know our penalty - Nancy Pelosi

  • Report this Comment On January 26, 2014, at 11:53 AM, kca124cain wrote:

    How are they really going to verify?

    The IRS cannot keep track of much of anything accurately.

  • Report this Comment On January 26, 2014, at 11:54 AM, Claus wrote:

    The ACA is an attack on the middle class plain and simple!

  • Report this Comment On January 26, 2014, at 11:55 AM, kca124cain wrote:

    So, a family making $100,000 will have to pay $800 and an individual making $100,000 will have to pay $900.

    And both are "only if they have a refund".

    Thi is a joke antop of the joke of Obamacare.

  • Report this Comment On January 26, 2014, at 11:58 AM, bamissfa wrote:

    obama sucks

    obama care is a TAX per the supreme court

    Obamacare has about 20 NEW TAXES buried inside

    Your healthcare monthly bill will have a TAX added to your monthly cost for obamacare.

    If you qualify for a subsidy now, it is not a permanent subsidy. Eventually the gov will close it out.

    The only way to get rid of Obama is to vote for someone other than a democrat get rid of the communists. They are the ones who also voted to give up our rights to the United Nations small arms treaty. Look those voters up online.

    Anyone that subordinates our US constitution to any international group is a traitor and should be tried for treason.

  • Report this Comment On January 26, 2014, at 12:05 PM, RFTECH3000 wrote:

    I think that dan might be a liberal , the text of the law is rather clear about the tax , it is $95 or 1% of your annual income WHICHEVER IS GREATER !

    So if you make $50000 a year the penalty is $500 per year or $41 per month, still cheaper than a bronze plan especially if you are older

  • Report this Comment On January 26, 2014, at 12:05 PM, True411 wrote:

    Motley Fool,

    How much is our lying government paying you to run these thinly disguised commercials for the train wreck known as ObamaCare?

  • Report this Comment On January 26, 2014, at 12:24 PM, nunyadambizniz wrote:

    How does the gov't know whether someone has qualifying healthcare or not. I don't recall being personally questioned about this by the feds. Does the healthcare industry give a list of insured citizens to Big Brother? You don't get your tax refund if you're not on the list? How's this work?

  • Report this Comment On January 26, 2014, at 12:27 PM, david780a wrote:

    No mater how you look at it omahma is the worst president we ever had and he's an ass

  • Report this Comment On January 26, 2014, at 12:29 PM, JePonce wrote:

    The Obamacare is a misnomer.

    It is Obamatax.

    Democrats named it Obamacare to create the illusion Obama cares. It is the same thing they did with Hillarycare. Then they claimed Republicans gave the label as a derogatory term.

    It is Obamatax, and that is something he and all Democrats care about.

    If one were to label it as it should be labeled, it would not be publishable.

  • Report this Comment On January 26, 2014, at 12:30 PM, joepet54 wrote:

    The penalties will surly help with approval rating of Obama.

  • Report this Comment On January 26, 2014, at 12:31 PM, Garfield7 wrote:

    Forced or fining people to sign up for the government insurance is a form of dictator rule. The United States is the land of the free to make their own choices. When the government tries to tell the people what to do, this is unconstitutional. We need people in the government that support the constitution and not take our rights and freedom away.

  • Report this Comment On January 26, 2014, at 12:45 PM, RFTECH3000 wrote:

    You have to do the math and consider how much your plan REALLY cost you !

    As with anything in life there is a cost to buy it and a cost of ownership which in many cases can exceed the purchase price .

    Lets say you buy a 10 bedroom mansion at a foreclosure auction for $30000 , you are all happy until you figure out that the property taxes, utility bills and maintenance cost you a lot more than what you paid for the "bargain " !

    But back to health insurance , ,most people look only at the premium but there is much more to factor in the equation to see what your policy really costs you, so lets break them down here :

    1.) Premium , of course this is the easy part and

    the most visible cost of a insurance plan

    it is what you pay every month !

    2.) Deductible:

    what YOU have to pay out of your pocket

    BEFORE insurance starts to pay anything

    this can range from as little as $250 up to

    $12000

    3.) Cost sharing :

    This is the percentage of your medical bills the

    Insurance pays AFTER the DEDUCTIBLE is

    met !!!

    this goes from 60% for a bronze plan to 90%

    for platinum plans !

    4.) Out of pocket max / Coinsurance

    this is the TOTAL maximum amount you will

    have to pay before the insurance pays 100%

    usually this figure hovers around $6300 but

    the big difference is that some plans count this

    on TOP of the deductible while others count

    the deductible towards the out of pocket max !

    5.) Copays :

    the amount you pay for office visits, ER visits

    and prescription drugs

    6.) Network of providers :

    this is often overlooked but a small network can

    cost you money

    Lets say you have to see a doctor once a month

    you drive a vehicle that gets 28MPG and Gas

    cost you $3.50 a gallon , one oil change costs

    $20 and you change every 3000 miles !

    Lets say the next doctor that is in network is

    25miles away , so you drive 50miles each

    month to see the doctor or 600miles a year .

    600/28=21 Gallons @ 3.50 a gallon = $75 each

    year in gas , now add $4 for oil = $79 !!!

    Now lets get back to the deductibles and out of pocket max !

    Lets say you have a bronze plan with $2500 deductible and $6300 out of pocket max , you need a procedure that costs $25000 .

    You pay the $2500 deductible usually directly to the hospital leaving $22500 billed to the insurance , bronze plans pay 60% after deductible or $13500 leaving you with another $9000 to pay but off course you have a $6300 out of pocket max and here is where things are getting screwy :

    If our insurance does not count the deductible towards your out of pocket max than you will be blessed with a $6300 bill from your insurance provider , if you however picked a provider who counts the deductible towards the out of pocket max than you only have to pay another $3800 so as you can see by not doing your homework you can screw yourself out of $2500 !!!!

  • Report this Comment On January 26, 2014, at 12:46 PM, TMFGalagan wrote:

    @RFTECH3000 -

    You are mistaken in your reading of the law. Section 1002(a)(1)(A)(ii) of Public Law 111-152, which amended provisions of the Affordable Care Act, specifically refers to the appropriate measure of income being whatever's "over the amount of gross income specified in section 6012(a)(1) with respect to the taxpayer. Section 6012(a)(1) in turn refers to the $10,000 and $20,000 filing thresholds for single and joint filers respectively.

    http://beta.congress.gov/bill/111th/house-bill/4872/text

    best,

    dan (TMF Galagan)

  • Report this Comment On January 26, 2014, at 12:57 PM, RFTECH3000 wrote:

    One stern piece of advice I have for everybody is do NOT believe a thing the so called Navigators or the people at the ACA hotline are telling you, my son learned this lesson the hard way !

    He went to the exchanges to pick out a Bronze plan , because he wanted some clarifications he called the hotline , the lady told him that with a bronze plan the insurance would pay 60% of his medical bills until he hit the $2500 deductible , he asked her again - are you sure about this ? she said yes ( he recorded the whole conversation btw)

    of course he was stupid enough to believe what this lady told him and signed up for a plan .

    Then about a week ago he suffered some minor burns while fighting a grassfire and went to the hospital for treatment , he was rather disturbed when the hospital presented him with a bill for the whole amount , within a few minutes he learned that the hotline rep had been lying to him, luckily for him the volunteer fire department picked up the tab but needless to say he wasn't happy about this at all !

    So he called BCBS which is his insurance provider and they confirmed that he was not the first one who was complaining about this but they stated that since the hotline is not staffed with licensed insurance agents there are no ramifications for them !

    Now I just wonder how many people did sign up under false pretenses ?

  • Report this Comment On January 26, 2014, at 12:59 PM, RFTECH3000 wrote:

    Dan,

    above the filing threshold its still 1% of income ,

    so if I adjust my example than instead of $50000 its $40000 or $30000 which puts the 1% at $400 or $300 !

  • Report this Comment On January 26, 2014, at 1:01 PM, calvin5wagner wrote:

    respectfully speaking, obamacare is an assault on the constitution. the fact that people are signing up is irrelevent. if you can fool many people into giving up another of their freedoms so you can have more power, well, you are successful. i guess by that standard, obamacare is successful, but it is not good for the nation.

  • Report this Comment On January 26, 2014, at 1:03 PM, RFTECH3000 wrote:

    Dan

    the other thing is that the IRS has not been granted enforcement authority for the penalty which essentially means they can only take it out of any refund owed so all you have to do is adjust your W4 so you don't have a refund coming to you !

    but they can not garnish your wages or attach your property.

  • Report this Comment On January 26, 2014, at 1:04 PM, RFTECH3000 wrote:

    Obamacare will collapse under its own weight !

  • Report this Comment On January 26, 2014, at 1:04 PM, ambergis wrote:

    besides trying to make a better life,the other thing that draws people to our country is the fact that one of our inalienable rights is our freedom of choice. When did our country change to a DICTATORSHIP? I must have missed the news the day it was announced that we no longer have freedom of choice. What Mr. Obama is trying to do is admirable, but isn't it our right to choose whether we want to enroll in the ACA or not without the fear of being penalized? No disrespect Mr. Obama, you have a right to tell your children what's best for them, we are adults, and we should be given the respect to decide what's best for us.

  • Report this Comment On January 26, 2014, at 1:23 PM, JJE90000 wrote:

    Ok...its a good explanation but not realistic for the normal family.

    Say you have a family of 5 with an income level of $80,000. So its 1% of $60,000 or $600. And if you go ahead and add the $285 you are up to $885.

    I am presuming that monthly annual premiums would be around $500 per month or $6,000 per year. And this family under a bronze plan would have an out of pocket maximum of $10,000 per year.

    If they just had normal out of preventative care, the Mom has an Rx, with no hospitalization. That would cost them, without without health insurance about $2,000. So their total cost would be $2,885. And that family still could get a catastrophic plan in the market.

    If they had a plan and got the discounts the network offered those same services would cost around $1,400. Their total cost under the bronze plan would be $7,400.

    So why try and scare people?

  • Report this Comment On January 26, 2014, at 1:50 PM, LouBodoh wrote:

    I'm not worrying about the penalty of the Obamination Unaffordable Care Tax Scam.

    The rate its going, it will failure.

    Also the "bailout" provision in this scam which insures they get their money(probably millions) if it doesn't work. No matter what happens, YOU THE TAXPAYER GET THE BILL.

    If you like the government you have, you can keep it. Period.

    SCAM = Socialized Care Assistance Mandate.

    The ACA will be Obama's Waterloo.

  • Report this Comment On January 26, 2014, at 1:54 PM, floydhowardjr wrote:

    “Who created the entitlement state and who sustains it? Democrats! Democrats keep adding to the unemployed! By the time they are voted out only one in ten Americans will be employed! If you lose your job, your coverage, your doctor, your insurance BLAME a Democrat. Next time you go and vote...remember WHO did this to YOU! DEMOCRATS!” Democrats keep adding to the unemployed! People Not In Labor Force Soar To Record 91.8 Million! Thanks Obama! Thanks spineless Democrats!”

  • Report this Comment On January 26, 2014, at 1:59 PM, professo12 wrote:

    Marxists number one goal is to rig and destroy the free market. That way everyone can be dependent on government for control.

  • Report this Comment On January 26, 2014, at 2:02 PM, LouBodoh wrote:

    Take about another scam, some words to the wise.

    "In a recent conversation with an official at the Internal Revenue Service, I was amazed when he told me that 'If the taxpayers of this country ever discover that the IRS operates on 90% bluff the entire system will collapse'". -Henry Bellmon, Senator (1969)

    "All we have to do now is to inform the public that the payment of social security taxes is voluntary and watch the mass exodus". - Walter E. Williams, John M. Olin Distinguished Professor of Economics at George Mason University in Fairfax, VA, January 24, 1996

    "Maybe we ought to see that every person who gets a tax return receives a copy of the Communist Manifesto with it so he can see what's happening to him". - T. Coleman Andrews, Commissioner of IRS, May 25, 1956 in U.S. News & World Report

  • Report this Comment On January 26, 2014, at 2:08 PM, ChrisAZ11 wrote:

    Seems to me the only people that are signing up for this catastrophy are the ones that are going to get it for free and the people that have high medical costs. Younger people are not stupid and can do the math.....they will take the penalty.

    This whole ponzi scheme will collapse within the next two years. It is indeed unfortunate that our government saw fit to guarantee the participating insurance companies a profit, as this is going to cost us all dearly.

    Guess you get what you voted for. Unfortunately, there are enough people now on the govt teat, that this ponzi scheme will continue. It is time to clean out our self serving govt and start over. Too bad so many people are more infatuated with the Kartrashians than what the govt is doing to them.

  • Report this Comment On January 26, 2014, at 2:32 PM, kickchina wrote:

    For those here telling young people to not buy insurance, please provide them your address so if wake up with stomach ache that turns out to be appendicitis and hospital bill is 25-30 K and they have no funds to pay, you can pay it. A true conservative like me has no expectations that others will pay my bills. Don't want to buy insurance , fine with me, just sign statement you do not expect free medical care if can't pay for treatment even if results in your death. You guys are fake conservatives.

  • Report this Comment On January 26, 2014, at 2:37 PM, HoosierRube wrote:

    Obamacare is a success and a failure, depending on your perspective.

    I keep telling friends that Obama has been one of the most successful presidents of our time. Again, its a perspective thing.

    Obama is accomplishing what he wants to accomplish, look up Cloward/Pliven to see what Obama's agenda is and I think you'll agree, he has been very successful.

    Now, from the perspective of the common man, the non-ruling class, it has been a failure for us.

    I urge you all to read Obamas auto biography, watch the film by Dinese D'souza and look up Cloward/Pliven. And if that doesnt send a cold chill down your spine, nothing will.

    If we follow up this 8 years of rule by decree with another 8 years of total Hillary corruption, god save us all.

  • Report this Comment On January 26, 2014, at 2:37 PM, joe3645678 wrote:

    Looking for a solution?

    Google "Assassination Market"

  • Report this Comment On January 26, 2014, at 2:40 PM, buzzltyr wrote:

    All the sudden the republican party has decided heath insurance is OPTIONAL. OK, go ahead and get kidney cancer and see what kind of care you get without it.

    Really why have any insurance, why have car insurance or fire insurance. A car is a lot cheaper to replace than a husband.

    OK so many lies floating out there, $6400 out of pocket is total out of pocket. That is all you would ever have to pay.

    An there is a reason why people without insurance get charged, it is because they are using the system and not paying for it. When they fall off the roof and break their arm, they will use the emergency room I pay for.

    Maybe we should make fire departments optional, and only charge people if they use it

  • Report this Comment On January 26, 2014, at 2:40 PM, kickchina wrote:

    test post

  • Report this Comment On January 26, 2014, at 2:41 PM, HoosierRube wrote:

    Here is the saddest part of ObamaCare. My physician asked the simple question, if you cannot afford your deductable and out of pocket expense, what good is insurance?

    Think about it, even with govt. assistance paying for the preminums, if you cannot, or choose not, to afford the out of pocket expense, what good is it?

    $6k, $10k, $12k+ out of pocket. Even the middle, middle class will struggle to afford it. The lower middle class, and poor class, wont afford it at all. So whats the point of having insurance you cannot use.

    Cloward/Pliven. Read up on these Obama alumni colleages.

  • Report this Comment On January 26, 2014, at 2:46 PM, HoosierRube wrote:

    <i>OK so many lies floating out there, $6400 out of pocket is total out of pocket. That is all you would ever have to pay.</i>

    Some people just wont take the time to learn the truth. They hang on to lies like a child does to his security blanket.

    The good news, the lies will fail and those that held them so dearly will be out in the cold.

    $6400 life time deductable. Give me a break Who could honestly believe this?

  • Report this Comment On January 26, 2014, at 2:49 PM, buzzltyr wrote:

    Insurance is good for two things, first it puts you on a reasonable negiotated rate schedule. So instead of paying $300 for a blood test you pay $30.

    The second thing it does is protect you form catastrophe. So the most you ever get charged is $6400, not One million dollars. And it will allow you to get the best care possible in the rare chance you need it. Agreed most people will not, but if you are the one who gets leukemia, you will get good care.

    It is not free health care as the right wing wants you to tell you. It does have reasonable co pays and deductibles

  • Report this Comment On January 26, 2014, at 2:51 PM, buzzltyr wrote:

    $6400 is maximum out of pocket per year, not lifetime deductible.

  • Report this Comment On January 26, 2014, at 2:56 PM, rdmcdonald48 wrote:

    There is another very sizable penalty that is also in the background of the ACA I have not seen mentioned to date.And, that is what happens when someone who is getting their premium subsidized has an income increase that removes the subsidy?

    I read an article this morning where a women in FL was paying $ 540 per month for for her bronze family plan, with a $ 4000 annual subsidy. That subsidy is a cost that she, presently is not bearing.

    But, a mere income adjustment or raise of $ 50 puts her over the subsidy threshold and can become a financial hardship overnight. She can, effectively, be pushed out of the ACA if she cannot afford to pay the additional $ 333.33 per month.

    I suppose that is just another unintended consequence of legislation that just had to be passed before anyone read what was in it. What a way to run a country - right into the ground!

  • Report this Comment On January 26, 2014, at 3:02 PM, HoosierRube wrote:

    So, buzz, lets say some catasrophy does strike you. Lets says its leukemia. If you're not working, where do you get the $6400?

    Let me tell you. I had a brother with MS and couldnt work. He was on Medicaid, and let me tell you about forced bankruptcy, dissolution of your family and the worst care you can imagine all because of the government.

    First, he had to divorce his wife so they could insure that his wife and children would not be out on the streets begging for food. The govt. forced the dissolution of his family.

    Now he had to declare bankruptcy so he could qualify for 'care'. Lost his family, lost everything he owned.

    The care he received. Animals are treated better. Can you imagine being in a wheelchair and rolled out to the curb without notifying your family that you were be 'kicked out' of the hospital.

    And that isnt even the tip of 'compassionate government care'. I could speak at lenght about nursing homes treatment of medicaid/medicare patients. In colusion with the doctors and government social services bureacracies.

    This will be NO different. I hate to wish bad things on people, but folks that are all rainbows and lollipops over government care, i hope you have to sit by and watch the destruction of a family member. Its horrible.

  • Report this Comment On January 26, 2014, at 3:06 PM, LouBodoh wrote:

    Beware of the Cloward/Pliven strategy.

    This from Wikopedia.

    The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward and Frances Fox Piven that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of "a guaranteed annual income and thus an end to poverty"

    Michael Savage of the Savage Nation has been talking about teh Cloward-Pivens strategy the past few weeks.

    Where is the media to talk about this? No where.

  • Report this Comment On January 26, 2014, at 3:08 PM, buzzltyr wrote:

    The right wing complains it is too expensive, then it gives away too much, the payments are too high and too low, please make up your mind.

    They system we have now is too expensive and will eventually fail, because more and more people can not afford insurance, so fewer and fewer will be paying. Eventually it will collapse.

    The republicans have had 20 years since Hillary care to come up with something. And they came up with nothing. So we did it without you.

  • Report this Comment On January 26, 2014, at 3:09 PM, HoosierRube wrote:

    There was a recent AARP (read liberal) article that was headlined to debunk myths about Canadaian Health Care (and everyone should check out the current state of that program).

    The author was claiming that Canada did not ration health care. He said Canada restricted supply of some services because Canadians wanted to reign in costs.

    Seriously, 'restricted supply' is different then rationing.

    Heres what you'll learn about the Canadian system if you ask a Canadian.

    If the person has not had to have any medical services, they'll say its great.

    If the person got stuck in they system, they will tell you how horrible it is.

    I wrote a post here about my little brother and the years of MS care he got via Medicaid. It would make you ill to know what they did to him .

  • Report this Comment On January 26, 2014, at 3:12 PM, HoosierRube wrote:

    Buzz, I really really hope you get to see this work first hand...

    You did it without us. Thats correct, so you'll get no sympathy from us when it hits your family right between they eyes.

    Unfortunately you are dragging the people that know better down the rat hole with you.

  • Report this Comment On January 26, 2014, at 3:17 PM, gwybodeath wrote:

    My two cents is this. I'd rather pay the penalty than make Obama care a success. I'm hoping that a couple million signups is all they get and they actually have to try and take extra money from the other 98 percent of America that hasn't signed up, hasn't given into fear mongering and threats, and is quite willing to punish a democratic congress that goes along with an oblivious president. No one want's to be ordered to give insurance companies money. What's next? Get a readers digest subscription of face a tax penalty? Buy twenty dollars worth of twinkies a year or face a firing squad? The Supreme Court obviously has no idea what freedom is and they apparently no longer support it if they think it's ok for a few congressmen and an arrogant president to determine what Americans must buy with their hard earned money. Two cents is too much to pay for a plan that pays for nothing.

  • Report this Comment On January 26, 2014, at 3:26 PM, frustrated wrote:

    The downfall America has started , within 5 years we be in a revolution and it will be the end .

    God bless us all!!!!!!!

  • Report this Comment On January 26, 2014, at 3:28 PM, HoosierRube wrote:

    gwybodeath,

    I concur with your position, but when it comes to the Supream court and Justice Roberts, I thought he was brillant.

    Calling it a tax was (and will prove to be) brillant. The designation as a tax makes it infinately easier to repeal. And Roberts knew that.

    We need to take the Senate this year, and make this lame duck president lamer than he already is.

    Now, 2016, and the Hillary universe. Another scary totalitarian that will tell you 'What matter does it make why these people die'.

    Isnt 'the why' always the most important thing?

    Democrats! Let My People Go!

    Take the bootjack off the necks of the citizens.

  • Report this Comment On January 26, 2014, at 3:39 PM, toomuchgas wrote:

    All the Obama plans whether they are gold, silver or lead are much worse and much more expensive than the plans offered by my employer. Therefore, one should wait until 65 when medicare kicks in if they can get an employer sponsored plan rather than the government rip off plan.

  • Report this Comment On January 26, 2014, at 3:50 PM, MandiM wrote:

    No longer a free country. The government now demands we buy what they want us to. We pay more and more for less and less. There will be more wealthy people and the middle class is just about gone. Sad state of affairs.....

  • Report this Comment On January 26, 2014, at 4:16 PM, Badgenumber150 wrote:

    "Don't let Obamacare confuse you." Are you kidding? It's 2407 pages. The IRS doesn't even understand it! DO NOTHING. The emergency room cannot legally refuse you care. Use peaceful resistance. Look what happened with the "mandatory gun registration" in Connecticut. Almost no one showed up. Now they look like the fools they are. The next thing is for 2 million citizens to turn themselves in and say, "Take me to jail". The whole world would laugh.

  • Report this Comment On January 26, 2014, at 4:35 PM, cosmoplavix wrote:
  • Report this Comment On January 26, 2014, at 5:22 PM, JohanStrauss wrote:

    VA coverage is Obamascam-compliant. Ha, ha, ha.

  • Report this Comment On January 26, 2014, at 10:44 PM, radioman47 wrote:

    Train wreck in the making. Will collapse if people will not sign up. Employee plans will be canceled in October.

  • Report this Comment On January 27, 2014, at 1:07 AM, DevonShire123 wrote:

    Refusing to obey an illegal "law" that violates the Constitution is not a 'mistake.' It's common sense.

  • Report this Comment On January 27, 2014, at 3:38 AM, Rob61a wrote:

    The IRS have no teeth in collecting unless you have money coming back to you so you have that adjusted at your job IF you have a job. oblunder started this and yet he has stopped the economy to the point kids coming out of college cannot get jobs then lets keep in mind 92 MILLION people have left the work force thanks to oblunder so where will these people get the money to pay for bloated payments to insurance co's that they had insurance before that cost them less??

  • Report this Comment On January 27, 2014, at 5:05 AM, zskb wrote:

    Let's say I purchase health insurance to comply with the law but there is no way there after I can afford to pay any doctor bills or deductibles. Basically I'm handing over money for a service, that under no circumstance, I could ever use.

  • Report this Comment On January 27, 2014, at 10:09 AM, kurgun wrote:

    The only thing beneficial that can come of Obama care is less unhealthy, fat people. The entire reason for this bill is to get people to get themselves in shape, reducing the need to have to constantly go to the doctor for everything under the sun. I'm sure we all know people that go to the doctor for every little scrape, sickness etc. By imposing penalties or limiting the number of visits, it's the only way people will stop using healthcare for every little ailment they think they might have. I will admit Obamacare is orwellian in nature, but for the most part people seem to abuse the health care system. Get to the gym and stop being dependent on drugs, and other forms of prescriptions to get you by. I fully understand that's the end game or final stand that Obama care is trying to make. This way, the people who are disabled, the people that need the meds for some debilitating problem they have, won't be waiting for the care they need because someone got a cold and decided to go to the doctor for it. If you have 2 arms, 2 legs and you can walk or run just fine and you come down with an ailment that the drug store can cure, don't go to the doctor. That's all Obamacare is trying to promote, I think once enough people get in shape and get themselves on track to a healthier lifestyle, the insurance will become much more affordable, but that probably won't happen because people don't see the big picture.

  • Report this Comment On January 27, 2014, at 6:53 PM, Hibiscusanole wrote:

    @kurgan Some of us are far more keyed into history's example of the suffering caused by dictators. Fat headed, impossible sized egoed Stalin starved 10 million Ukrainians. I have no stats on the other satellite countries of the USSR. Hitler's concentration camps underfed their slaves to be slaughtered, and China's labor camps are not noted for an extra pound being on their slaves. Why do we want Obummer to back off?????

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Dan Caplinger
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Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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