Ron Paul 2012!!!

Meraxes said:

sigh, another shit slinging buzzkill of a ron paul thread....?

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DiscoBiscuit said:

What that means is you must obtain insurance or you will be penalized. .

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Penalty: The annual penalty for not having minimum essential coverage will be the greater of a flat dollar
amount per individual or a percentage of the individual’s taxable income. For any dependent
under the age 18, the penalty is one half of the individual amount.
 The flat dollar amount per individual is $95 in 2014; $325 in 2015 and $695 in 2016.
After 2016, the flat dollar amount is indexed to inflation. The flat dollar penalty is
capped at 300% of the flat dollar amount. For example:
o A family of three (two parents and one child under 18) would have a flat dollar
penalty of $1737 in 2016;
o A family of four (two parents and two children over 18) would have a flat dollar
penalty of $2,085 in 2016 because the 300 % cap would apply.
 The percentage of taxable income is an amount equal to a percentage of a household’s
income (as defined by the Act) that is in excess of the tax filing threshold (phased in at
1% in 2014; 2% in 2015; 2.5% in 2016). For example:
o If an individual has a household income of $50,000, the percentage would be 1%
of the difference between $50,000 and the tax threshold (which is $9,350 for an
individual in 2010). Assuming the tax threshold is $10,000 in 2014, this individual
would be subject to a percentage penalty of $400. Because this percentage
penalty is greater than the flat dollar penalty for 2014 (which is $95), he would
pay the percentage penalty.
Generally, the annual penalty is capped at an amount equal to the national average premium for
qualified health plans which have a bronze level of coverage available through the state
Exchange.
(PPACA §§ 1501 and 10106 adding IRC §5000A(c); § 1002 of Reconciliation Bill).
Enforcement: The penalty will be paid as a federal tax liability on income tax returns and is enforced by the
Treasury. Individuals that fail to pay the penalty will not be subject to criminal penalties, liens
or levies.
Reporting
Requirements
for Insurers and
Employers:
Beginning in 2014 (and on or before January 31 of each subsequent year), insurers and/or
employers (if self funded) who provide minimum essential coverage to individuals during a
calendar year must submit the following information to the Treasury:
 Name, address and tax identification number of the primary insured and the name of
each dependent covered;
 Dates during which the individual(s) was covered under minimum essential coverage;
 Whether the coverage is a qualified health plan offered through an Exchange;
 The amount (if any) for premium credits and any cost-sharing subsidies; and
 Any other information required by the Treasury.
If essential health benefits coverage is sponsored by an employer, the following information
must also be submitted:
 Name, address and employer identification number of the employer maintaining the
group health plan;
 Portion of the premium (if any) required to be paid by the employer; and
 If the health insurance coverage is a qualified health plan in the small group market
offered through an Exchange, any other information the Treasury may require for
administration of the tax credit for employee health insurance expenses of small
employers.
In addition, the insurer or employer (whichever is submitting the information to the Treasury)
must provide the following information to each individual whose information is submitted:
 Name, address, telephone number, and contact person of the entity that submitted the
information; and
 The information submitted to the Treasury with respect to such individual.

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dagnabit said:

sweet so the ACA is meaningless?


no repercussions for non compliance.

so what does it do exactly?

if no one has to pay the tax who will?

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DiscoBiscuit said:

Good questions, wish I knew the answers.

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bentom187 said:

dont worry they wont attack your right to nullify,and rewrite history or make it about race to suit their position and attack you if you disagree.

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dagnabit said:

I wish the writers and supporters did...

Especially the who's paying part.

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ronbo51 said:

Who will pay? Well silly rabbit, all the people who currently pay taxes(approximately 51% of adults). The real reason for the mandate is NOT to collect fines, it is to set the structure of the system, enforced by the IRS, who now has DIRECT access to your bank accounts. With the mandate in place the hope is to make it so expensive to run to alternative, self insured/cash/privately run healthcare, that few will be able to opt out of the collectives when they are established. Just like any sane Brit wants out of NHS and get treated by a real doctor in a real hospital and have a decent shot at survival, all Americans of means will flock to private insurance and hospitals. But after the "Cadillac" (any plan other than the exchanges Health Plan) taxes kick in, and the "mandate" tax kicks in, and all the other dozens of taxes, fees, and requirements are met, only the uber wealthy will be able to get private health care. Checkmate. NHS is the largest employer in the world. Eventually all doctors and nurses will work for Kathleen Sebelius and will be SEIU Union members and our health system will eclipse NHS by multiples and we can all enjoy the right to die of thirst on a gurney in a hallway of a crumbling government run hospital while waiting to see a foreign born doctor who speaks little or no English. There. are we clear yet?

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DiscoBiscuit said:

They do their due diligence to determine estimates of who will maintain their existing insurance, who will buy insurance in the newly created non-denial market and who will refuse.

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