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. That estimate is based on choosing the plan offering the least benefits, the bronze plan. Government employees with their heavily subsidized healthcare and those who haven't been able to afford health insurance the last few years are in for a rude awakening when they realize how much health insurance for the private sector has increased over the last few years, especially due to Obamacare. Low-income Americans making barely over minimum wage are bitterly discovering how much their premiums are increasing.
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