The health care law signed Tuesday by President Obama will offer subsidies to help low-income citizens pay for insurance. But what happens to people who don't get themselves covered by health insurance?
The new law creates penalties in the tax code as an incentive.
An adult who does not have health insurance by 2014 would be penalized $95 or 1 percent of income, whichever is greater, so long as the amount does not exceed the price tag of a basic health plan. But by 2016, the penalty increases to $695 for an uninsured adult, and up to $2,085 per household, or 2.5 percent of income, whichever is greater.
If the penalty is not a tax, where does it go when it is collected? Does the government use it to subsidize insurance for others?
What has been going on?
Since Obama was elected our 10.000 deductible plan that we had for years and years, tripled in cost!
We have been uninsured for a year except for our child because we can no longer afford it.
I don't know what has been going on, but President Obama has had nothing but averse effects on my life.
I can't stand him any longer.
I walk around worried about having no health insurance in case of calamities now. I am afraid to engage in sports.
Too bad because we are all very healthy and athletic, don't like to excercise as in a gym, but love our sports and outdoorsie time.
That high deductible insurance for 150 per months worked well for years. Now I have nothing.
Maybe I should just sit in a lazy chair the whole day and eat chips?
Maybe I can take some type of wellfare to pay for the chips?
Then become disabled and take more welfare and a government run health care plan.
Well, I don't know what to do. I never thought it would get to this. That I would be one of those people without health insurance. But here I am. Thank you Mr. President.
$695 is a heck of a lot less than the yearly cost of health insurance. I'll take the fine!
but once fined I don't think that will include healthcare coverage so on top of the $695 you are now responsible to pay for insurance
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