Thursday, March 25, 2010

Prison for Failure to (Self-) Health-Insure? Nevermind

Too competent by half, I guess.

VerumSerum has the pertinent language. Should someone NOT purchase mandated health insurance, the IRS will assess penalties, interest, etc. But:

The penalty applies to any period the individual does not maintain minimum essential coverage and is determined monthly. The penalty is assessed through the Code and accounted for as an additional amount of Federal tax owed. However, it is not subject to the enforcement provisions of subtitle F of the Code. The use of liens and seizures otherwise authorized for collection of taxes does not apply to the collection of this penalty. Non-compliance with the personal responsibility requirement to have health coverage is not subject to criminal or civil penalties under the Code and interest does not accrue for failure to pay such assessments in a timely manner.

--Joint Committee on Taxation


There is even MORE reason to 'fail-to-purchase' insurance until you're in the ambulance on the way to the hospital. And even MORE reason for insurers to go BK.

And even LESS reason to re-elect the boobs who wrote this crap.

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