Editorials & Other Articles
In reply to the discussion: Physician says Affordable Care Act an 'experiment' that will fail [View all]Dragonfli
(10,622 posts)imposed for noncompliance? Or are you using semantics to argue it is not a fine at all technically.
I find you to be quite dishonest in your claim effectively if not technically . I don't care much for lies disguised as semantics by weasels and con men that rely on semantics to claim something that is not true.
The U.S. Supreme Court upheld the constitutionality of Obamacares individual mandate by concluding that imposing a penalty for not purchasing health insurance is a valid exercise of Congress power to tax. As of Jan. 1, 2014, all Americans will be required to purchase either a private health plan or health insurance through a state exchange if they are not otherwise exempt or covered by their employer. The requirement does not apply to Americans age 65 and older who are covered by Medicare.
The penalties, which will be administered by the IRS, will be pro-rated based on the number of months during the year that an individual is not covered by health insurance, although there is no penalty if an individual is not covered for less than three months. Insurance companies will send their plan participants and the IRS a form confirming that the minimum essential coverage was held, which taxpayers will be required to attach to their tax forms beginning in 2015.