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re: New report shows the number of uninsured in the US grew by 2 million

Posted on 7/10/17 at 8:26 am to
Posted by Sidicous
Middle of Nowhere
Member since Aug 2015
17297 posts
Posted on 7/10/17 at 8:26 am to
quote:



Um, not really. It merely softens the stance. I know...semantics.


Well, while true it would also give a high indication of low IQ.

Hrm, report and pay a fine or not report and hang on to my own money? Tough choice.


quote:

But it didn't remove the enforcment completely.



And as the same author earlier indicated Forbes again:

"So what would the penalty for noncompliance be? Jail time? Nope. The language in the Act specifically rules out jail time, saying at Section 500A(g)(2)(A):

In the case of any failure by a taxpayer to timely pay any penalty imposed by this section, such taxpayer shall not be subject to any criminal prosecution or penalty with respect to such failure.

So, no jail time.

But that means that the IRS will chase you and lien your property if you don't pay, right?

Nope. That's not allowed under the Act. At 500A(g)(2)(B)(i), the Treasury cannot "file notice of lien with respect to any property of a taxpayer by reason of any failure to pay the penalty imposed by this section."

So, no liens.

Then, clearly there will be levies or seizures on your wages and account, right?

Nope. Not that either. Under 500A(g)(2)(B)(ii), the Treasury cannot "levy on any such property with respect to such failure."

To recap then, by law, you have to pay the penalty. But if you don't, you won't go to jail, you won't be liened and you won't be levied for collection."


And now with POTUS Trump's EO, don't even have to report if have coverage at all
Posted by GumboPot
Member since Mar 2009
119044 posts
Posted on 7/10/17 at 8:27 am to
quote:

It means people that were previously buying their own insurance through the exchanges vs employee provided medical plans.


So they are actually insured.
Posted by lsufball19
Franklin, TN
Member since Sep 2008
65143 posts
Posted on 7/10/17 at 8:30 am to
quote:

thought it meant that self employed people that bought their own before are not buying now. I could be wrong, though, now that I read it again.

Yes private health insurance sky rocketed at the start of the new year. Thank god I started a new job that has 100% health insurance covered. My sister is a 1099 and her rates just went up to about 750/mo. It's absurd
Posted by ljhog
Lake Jackson, Tx.
Member since Apr 2009
19092 posts
Posted on 7/10/17 at 8:30 am to
quote:

The decline in people who were insured concentrated among younger adults and people buying their own health insurance policies, according to the survey.

So the Obamacare freeloaders kept their insurance plans.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68269 posts
Posted on 7/10/17 at 8:31 am to
quote:

$600-$800 mo


Where can you find this deal?

Mine is like a house payment.
Posted by Erin Go Bragh
Beyond the Pale
Member since Dec 2007
14916 posts
Posted on 7/10/17 at 8:33 am to
quote:

2 million people figured out that a 10k deducible wasn't worth paying for.

Yep. At some point it morphs from health insurance to catastrophic insurance.
Posted by the808bass
The Lou
Member since Oct 2012
111631 posts
Posted on 7/10/17 at 8:36 am to
quote:

So they are actually insured.


Strike two.
Posted by Kickadawgitfeelsgood
Lafayette LA
Member since Nov 2005
14089 posts
Posted on 7/10/17 at 8:37 am to
quote:

Still doesn't make sense. They are dropping their insurance but buying insurance


They are going uninsured. Gambling at the expense of you, me and the providers should they become seriously ill.

Posted by the808bass
The Lou
Member since Oct 2012
111631 posts
Posted on 7/10/17 at 8:38 am to
quote:

Where can you find this deal? Mine is like a house payment.


YMMV
Obviously.
Posted by Rebel
Graceland
Member since Jan 2005
131499 posts
Posted on 7/10/17 at 9:43 am to
quote:

So they are actually insured.


No retard.

It means they were previously insured. They elected out of insurance.
Posted by beerJeep
Louisiana
Member since Nov 2016
35128 posts
Posted on 7/10/17 at 10:18 am to
Oh oh oh! I'm one of them!

frick odumbocare.

quote:

decline in people who were insured concentrated among younger adults


who would have thunk it!
This post was edited on 7/10/17 at 10:20 am
Posted by BamaAtl
South of North
Member since Dec 2009
21957 posts
Posted on 7/10/17 at 11:06 am to
quote:

Or maybe, just maybe, they believe that paying excessive premiums, co-pays and deductibles does not make good economic sense for them.


Hence the need for the individual mandate. Otherwise they jump into the system only when sick, driving up prices for everyone.
Posted by Lg
Hayden, Alabama
Member since Jul 2011
6864 posts
Posted on 7/10/17 at 11:09 am to
quote:

the need for the individual mandate.


So you are for "forcing" people to purchase a product?
Posted by beerJeep
Louisiana
Member since Nov 2016
35128 posts
Posted on 7/10/17 at 11:09 am to
Making your rounds defending the UNafforadable care act eh?

Posted by the808bass
The Lou
Member since Oct 2012
111631 posts
Posted on 7/10/17 at 11:10 am to
quote:

Hence the need for the individual mandate. Otherwise they jump into the system only when sick, driving up prices for everyone.


They still do this even with the mandate. There's no political will to take peoples houses away if they don't have health insurance. So the mandate will never have any teeth.
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