Obama plan mandating health insurance
“Here’s the problem – if an insurance company has to take you, has to insure you, even if you’re sick but you don’t have an individual mandate, then what would everybody do?They would wait until they get sick and then you’d buy health insurance, right?You can also buy coverage through your employer, a private insurer or through Medicaid, if you qualify.Some have chosen to opt out of Obamacare, deciding that the penalty is less of a burden than buying insurance; most of them will be fined.Your tax return will also help you determine your penalty amount.
(CNSNews.com) – On his bus tour, President Barack Obama said the federal health care law’s individual mandate, which requires every American to purchase health insurance, “should not be controversial.” To date, 26 states have sued the federal government, arguing that the individual mandate is unconstitutional because the U. Constitution does not grant Congress the power to require Americans to purchase a good or service.
For tax year 2016, the penalty will rise to 2.5% of your total household adjusted gross income, or 5 per adult and 7.50 per child, to a maximum of ,085.
For tax year 2017 and beyond, the percentage option will remain at 2.5%, but the flat fee will be adjusted for inflation.
You can’t not have health insurance then go to the emergency room and each of us, who have done the responsible thing and have health insurance, suddenly we have to pay the premiums for you.
That’s not fair.” Obama continued, “So if you can afford it, you should get health insurance just like you get car insurance.