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To: Elroy who wrote (519924)	11/7/2012 3:29:26 AM
From: Joe NYC	Respond to of 793568

When does the $2,000 penalty for not having health insurance kick in? 2014. Expect the unemployment to come down as many full time jobs will be converted to part time jobs (in 2 to 3 ratio), with complete loss of all benefits. Many people who now enjoy some benefits (including health insurance) will lose them, even if their jobs are not converted to part time jobs. It is just next to impossible to be in compliance with Obamacare (as an employer), and in the end, the $2,000 penalty will be cheaper than employer portion of the benefit...

To: Elroy who wrote (519924)	11/7/2012 3:45:10 AM
From: skinowski	2 Recommendations Respond to of 793568

The futures are up at the moment, who'd a thunk? Why not? The printers were vindicated. With enough freshly created dollars, the DOW may make it to 100K in no time. Even if unemployment doubles.

To: Elroy who wrote (519924)	11/7/2012 3:47:58 AM
From: LindyBill	Respond to of 793568

I have read that in 2016, when the penalty is fully phased in, it will be $695 for an individual (up to $2,085 per family) or 2.5 percent of household income, whichever is greater. The penalty will increase annually based on the cost of living. Ordinarily, the penalty would be treated as a tax, and you could be prosecuted for income tax evasion if you didn’t pay it. But the new health law explicitly says that there will be no criminal sanctions for failing to pay the penalty, and no liens or levies on your property, said Timothy Jost, a law professor at Washington and Lee University. The government could come after your tax refund to pay the penalty, but if you don’t get a refund, that won’t be an option. I suspect living overseas will keep you from having to pay.

To: Elroy who wrote (519924)	11/7/2012 8:48:16 AM
From: D. Long	1 Recommendation Read Replies (1) \| Respond to of 793568

When does the $2,000 penalty for not having health insurance kick in? My wife has very good insurance at her job at Cintas, a fortune 500 company. They have already informed their employees that it will save the company several million dollars per year to drop the insurance and pay the penalty. They will hold out for awhile, but ultimately the cost benefit will overcome and, like millions of other Americans, my wife will lose her insurance. God help us, what a time we are about to endure.