The Homa Files

Ken’s Take: I’ve been asking how the folks who choose voluntarily to self-insure and buy big screens instead of health insurance will be caught in the act.  Here’s the answer .  More “take” below”.

Heritage Foundation, The Policy Is The Problem. September 21, 2009

Individual Mandates:

Starting in 2013, almost everyone who does not have coverage would be required to purchase health insurance at a minimum level to be specified in the bill.

Any individual who fails to buy health insurance will be forced to pay a tax by the Internal Revenue Service. Depending on your income and family status the new tax would be as low as $750 per person and as high as $3,800 per family.

In order to enforce these provisions, the Baucus bill would require individuals, health insurers, employers, and government health agencies to report detailed health insurance information on all Americans to the IRS, adding significant administrative costs and reducing privacy protections.

Full article:
http://blog.heritage.org/2009/09/21/morning-bell-the-policy-is-the-problem/

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More Ken’s Take: So, companies submit confirmations that a person (i.e. social security number) is insured.  The confirmations are matched against the IRS files (social security numbers with income) and exceptions are reported out to the health reform fine collectors who go knocking on doors to collect fines and / or repo the big screens.

Might work … yeah, right.

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This entry was posted on September 24, 2009 at 7:45 am and is filed under Health Care / Medical Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.