Quote:
Originally Posted by Barry-xlovecam
You are probably right. It's a token amount at this point but rises over the years to a maximum in 2016:
There is an exemption from the mandatory fines/taxes that is if the minimum healthcare insurance (the bronze plan) is in excess of 8% of your income.
I think the best motivator will be when you get medical bills as an uninsured person at the inflated rates that hospitals charge the uninsured.
However, the collusion between the insurers and the Congress make any real lowering of costs a pipe dream (for now anyway).
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I am not too happy with the part about this being a requirement and being fined if you don't have it. However, I am forced to have homeowners insurance and car insurance, so I can live with it.
The entire point is... Everyone should be covered. The problem we have now is that too many people are not covered, and when they go to the hospital it's the people that have insurance that are covering those costs. It's making healthcare costs rise to the point where most people can't afford them. If someone gets shot and needs $200k of hospital bills and doesn't have insurance, guess who picks up the tab?
And what's the entire point is here.
Hawaii has a similar law and 92% of the people there are covered. Mass has something similar too, right?
The entire point of this is make sure that everyone has healthcare, and to make it affordable. I am guessing we won't know if it works for the next two or three years.