To those of us who know about what is in the health care reform bill, this is ridiculous. But just in case you run into people who don't have that information, here are some facts that might be helpful.
If you're part of the 85% of Americans who currently have health insurance...YOUR TAXES WILL NOT GO UP.
Of the remaining 15%, 26 million people (or 8% of the population) will be required to either buy insurance or pay a tax penalty (the rest will be exempt due to income, lack of affordable coverage availability, or because they are undocumented immigrants).
Of those 26 million, most will not have to pay for insurance themselves. Here's how it breaks down:
– 8.1 million will be eligible for free/close-to-free insurance through expansion of Medicaid under the law.The 2% who will not be eligible for subsidies will be those with incomes over 4 times the poverty level (or $92,200 and above for a family of 4).
– 10.9 million will have to purchase coverage but receive subsidies to help with premiums
– 7.3 million (2 percent of population) will not be eligible for any assistance and will simply have to buy a plan or pay the penalty.
So all this screaming about tax increases comes down to the potential that 2% of the population might decide to pay a 2.5% tax on their income to avoid having to buy health insurance.