I Lost My Health Insurance Because Of ObamacareBarack Obama made a lot of promises when he was selling the Affordable Care Act to the American people. The most famous one was, If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what.”
Well, that promise turned out not to be true and I can tell you that from personal experience.
Originally, my health insurance provider told me that my plan wasn't going to be canceled. The agent just said it wouldn't qualify under Obamacare and so, I'd have to pay a tax to keep it. That tax is a bit more substantial than you may have heard. If you don't have health insurance that meets the standards of Obamacare or isn't covered at all, the tax isn't just $95 next year; it's $95 or 1% of your income -- whichever is higher. Of course, that's just what it costs on year one. By 2016, the tax will be $695 per person or 2.5% of your income, whichever is higher.
Incidentally, that breaks another famous promise that Barack Obama made when he was originally running for office. Back then, he said, "I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."
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