The point you are missing is that the government is forcing us to buy the insurance it chooses. not the insurance we may want.
Health-insurance is already regulated on a state-by-state basis, so the ONLY health-insurance you can buy is insurance that is already "approved" by your state insurance regulator. And since just about every state-approved health-insurance plan will qualify under the federal mandate (which is for a bare-minimum plan), the vast majority of people won't have any new requirements, or any change at all. Period.
And the state does not force me to buy. i can choose any plan offered by any company.
the house bill already states that not all plans already offered in all states will be "acceptable"
i know my insurance costs will go up. i have an HSA right now but that will be deemed "unacceptable" by some ******* bureaucrat and i will have to pay for coverage I don't need
First - you don't "know" that your premiums will go up, you only believe they will. There is no final bill on the President's desk yet, and won't be, until the Senate bill is reconciled in an ugly, sausage-making mess, with the House bill.
Yes i do. i have already shown where HSA accounts like mine will most likely lose their tax status and since i will be forced to buy a policy with no deductibles, I will necessarily pay more.
Second - provide a link to the section of the House bill that deems Health Savings Accounts to be not covered by the mandate, or else concede the point that you're only guessing. The point of the mandate is that right now, your tax dollars are paying for the emergency-room medical care for the people who don't bother to get health-insurance. That's right now, that's the law NOW.
you assume that 100% of all people without insurance do not pay any of their medical bills.
Where is your link to prove that?
And they have not defined what will be acceptable yet. but the general opinion is that HSAs will be a thing of the past because this bill is designed to limit out of pocket expenses like deductibles.
If somebody with no health insurance gets hit by a truck, and goes to the ER, the hospital HAS to provide service by law - they can't turn them away. Eventually, part of the costs are covered by Medicaid, which comes from - wait for it - your taxes. If that person had insurance, at least they'd be paying into the system, and not a burden on everybody else.
A very very small percentage people fit that example and that does not justify the government forcing me to buy the type of insurance it tells me to buy. Any insurance should do.
As I said, if my insurance costs rise to well above what the tax penalty will be if I don't buy, then I will pay the penalty and exploit the law that says I can't be denied insurance for preexisting conditions.
Good for you - whatever the law is, go for it. If you're too poor to get health-insurance, you'll be eligible for a subsidy to help you pay for it (or to pay pretty much all of it, if you're genuinely poor). If you can afford insurance, and don't get it, then you should be penalized, since the first time you need some medical care, the law says the hospital can't turn you away.
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I'm not too poor. I've had insurance for years and I chose the policy that best fits my needs. but if the government is going to force me to pay more and as the WSJ article i linked to in a previous post pointed out that someone in my income bracket can expect insurance premiums to be 20% of my income.
I pay nowhere near that much now so i'll choose not to buy insurance take the tax hit which will be cheaper and only buy insurance when i'm sick because no insurance company will be allowed to turn me down.
So if i get hit by a truck, I'll call an insurance company on the way to the hospital, give them a credit card number to pay for a few months' premium and then get all the medical care i need. When I'm better, I'll cancel the policy until the next time I'm sick or hurt.
Now do you see how idiotic this bill is?
I would actually fully support a change to the bill that says nobody can be FORCED to get insurance, if that person signs a legally-binding agreement that they get no health-services of any kind that are paid for by tax-payers. I think that's fair - if you really don't want it, I think you shouldn't have it. When you dial 911, you'd get a recording that says, "Sorry, emergency service is not available to your house". Heart attack in the mall? As soon as they run your ID, and see you've "opted out", they'll cancel the ambulances, and let you die right there. In fact, the cost to move your body by the mortician should come out of your estate.
911 has nothing to do with insurance.
And i already showed how to get around your example of emergency care by exploiting the stupidity of this bill.
But since it seems that my idea is unlikely to be made law (and I'm not sure how many people would willfully refuse subsidized health-insurance, preferring instead to simply give up all medical services that receive government funding - which is almost all of them).
i won't be getting subsidized insurance. i will be the one subsidizing via my higher premiums.
But like you said - if you prefer to pay the penalty, go for it. I've get a pretty great health-insurance plan for my family through Bupa, and I'm fortunate enough that I don't need to worry about the costs.
As long as it is "acceptable" And don't forget, if it's too good you might be taxed on it too.
Too bad so sad but my bottom line is more important to me than yours.
Actually, since I work overseas this year (and next year), and pay taxes abroad, I'm exempt from almost all U.S. Federal income taxes, except my capital gains taxes. So you're not going to affect my bottom line much at all
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but you won't be exempt from tax penalties if you have no insurance.
And sooner or later you'll be back here and then you'll be paying.