Top tunes: 3 worst Obamacare hits for 2015

Top tunes: 3 worst Obamacare hits for 2015

1. PENALTIES WILL RISE – INDIVIDUAL MANDATE. In 2014, people are facing a penalty of $95 per person or 1% of income.

In 2015, the penalty will more than triple to $325 per person or 2% of income, whichever is higher. …

2. SERIOUS RATE HIKES FOR CHEAPER OBAMACARE PLANS. According to Investor’s Business Daily, the lowest cost bronze plan will increase an average of 7 % in many cases, the lowest cost silver plan by 9%, and the lowest priced catastrophic policy will climb 18 percent on average. Double digit rate hikes are anticipated in several southern and Midwestern states including Kansas, Iowa, Louisiana, North and South Carolina, Tennessee, Iowa, and Virginia.  …

3. EMPLOYER MANDATE WILL TAKE EFFECT. After being delayed for a year, large businesses (100 or more employees in 2015, 50 or more in 2016) will be required to offer affordable (and subsidized) health plans to at least 70 percent of their full time employees or face a $2,000-$3,000 penalty per employee.

This mandate will lead to fewer full time employees being hired.

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