Dropping The Healthcare Hammer
Leave it to the IRS to figure out a loophole that allows the federal government to confiscate your money twice. That would seem to be the case with the agency’s plan on how to deal with healthcare scofflaws who decline to comply with Obamacare’s individual mandate. This from The Daily Caller:
Individuals who don’t purchase health insurance may lose their tax refunds according to IRS Commissioner Doug Shulman. After acknowledging the recently passed health-care bill limits the agency’s options for enforcing the individual mandate, Shulman told reporters that the most likely way to penalize individuals that don’t comply is by reducing or confiscating their tax refunds.
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Many reports have claimed that enforcement of the individual mandate will be non-existent, but Shulman’s answers indicate differently. According to BusinessWeek, starting in 2015 Americans who don’t purchase insurance will be subject to a fine of $325 and that sum increases to $695 in 2016. However, the commissioner seemed confident that in most cases individuals would either receive subsidies to purchase insurance or simply do so on their own in order to comply with the law.
Hmm, I wonder where those subsidies would come from?
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