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Why the Personal Mandate to Buy Health Insurance Is Unprecedented and ...
This statement from a 1994 Congressional Budget Office Memorandum remains true today. Yet, all of the leading House and Senate health-care reform bills being debated in Congress require Americans to either secure or purchase health insurance with a particular threshold of coverage, estimated by CBO to cost up to $15,000 per year for a typical family. [2] This personal mandate to enter into a contract with a private health insurance company is enforced through civil and criminal tax penalties in section 501 of the House bill [3] and with a freestanding mandate and equally questionable civil tax penalties in sections 501 and 513 of the pending Senate bill. [4]
The purpose of this compulsory contract, coupled with the arbitrary price ratios and controls, is to require many people to buy artificially high-priced policies to subsidize coverage for others as well as an industry saddled with other government costs and regulations. Congress lawfully could enact a general tax to pay for these subsidies or it could create a tax credit for those who buy health insurance, but that would require Congress to "pay for" or budget for the subsidies in a conventional manner. The sponsors of the current bills are attempting, through the personal mandate, to keep the transfers entirely off budget or--through the gimmick of unconstitutional taxes or penalties they dub "shared responsibility payments"--make these transfers appear to be revenue-enhancing.
Transatlantic Economic Council meets in Brussels
commitment to strengthening economic cooperation is demonstrated by the impressive list of items to be discussed at its second meeting of TEC on ...
Auto Insurance Leads List- News
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Auto insurance reform is now within reach Auto insurance in Michigan is compulsory, so every time companies raise rates it's the same as a pay cut. These reforms will achieve real savings for and more » |
Actual Black List list: the best scripts of the year
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Most Affordable 2010 Cars Those performance cars join the Toyota ( TM - news - people )Avalon, Lincoln MKS and Nissan Maxima on our list of the most affordable vehicles in their |
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All Web Leads named to Austin's Fast 50 All Web Leads named to Austin's Fast 50Recently, a Texas-based company that generates leads for auto insurance quotes was recognized by a business publication as one of the fastest-growing |
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Why the Personal Mandate to Buy Health Insurance Is Unprecedented and ... States do not require non-drivers, including passengers in cars with potentially bad drivers, to buy auto insurance liability policies--even though such a and more » |