Obamacare a Doozy - I Can Prove It
This is the link to the official healthcare bill:http://docs.house.gov/edlabor/AAHCA-BillText-071409.pdfit is a 2 meg PDF file. Yeah, it is 1,018 pages, but each page has only 25 lines of really big type.on page 25:
Subtitle C-Standards Guaranteeing Access to Essential Benefits
SEC. 121. COVERAGE OF ESSENTIAL BENEFITS PACKAGE.
(a) IN GENERAL.-A qualified health benefits plan shall provide coverage that at least meets the benefit standards adopted under section 124 for the essential benefits package described in section 122 for the plan year involved.OK, this means that there will be one size fits all, from sea to shining sea. If the commission determines that it will include breast implants and hair transplants, then everyone’s insurance will have it. Want a low-ball, budget version that is not so comprehensive? Too bad. On p. 167
SEC. 59B. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE.
(a) TAX IMPOSED.-In the case of any individual who does not meet the requirements of subsection (d) at any time during the taxable year, there is hereby imposed a tax equal to 2.5 percent of the excess of -
(1) the taxpayer's modified adjusted gross income for the taxable year, over
(2) the amount of gross income specified in section 6012(a)(1) with respect to the taxpayer.OK, there are things about poverty line, credits and such, but have not read it that closely yet. OK: you are too poor to buy the insurance, but there is an exception for you anyway since you are one of the 40% who do not pay income tax, so...hmmm.