The IRS issued regulations last week announcing that the cheapest insurance plan under Obamacare will cost a family of five $20,000 per year by 2016.
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My eyes are getting tired from all this rolling.
FULL QUESTION
The Internal Revenue Service issued a report in which it estimated that under Obamacare, the least expensive health insurance plan available to a family in 2016 would cost $20,000 annually, according to CNSNews.com.
Is this a true report?
FULL ANSWER
This question — and several more from readers — was prompted by an article published by the Cybercast News Service (an “alternative” news site run by the conservative Media Research Center) with the headline: “
IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family.”
But the IRS made no such declaration about the future cost of health insurance plans...
the headline of the Cybercast News Service report simply jumps to the conclusion that the IRS said that the “Cheapest Obamacare Plan Will Be $20,000 Per Family,” when there was no indication that that was the case. An
opinion piece published on LifeNews.com made the same leap, claiming that “the IRS … has finally released a cost analysis based on ObamaCare regulations showing that the cheapest healthcare plan in 2016 will cost average American families of four or five members $20,000 per year for the so-called ‘bronze plan.’ ”
For one thing, the example in the proposed regulations uses the word “average,” which means that the “cheapest” plan could, in fact, be lower than $20,000. But more important, the regulations weren’t a “cost analysis” at all. A spokesperson for the Treasury Department confirmed to FactCheck.org in an email that the IRS wasn’t making any declarations or projections about what prices will be.
“[Twenty thousand dollars] is a round number used by IRS for a hypothetical example,” the official wrote. “It is not an estimate of premiums for a bronze plan for a family of five in 2016.”
http://www.factcheck.org/2013/03/obamacare-to-cost-20000-a-family/