Now im a pretty young guy and currently have health insurance because I have a gun to my head in order to subsidize other people. I pay about $200 a month and id really like to sock that money away to the stock market or something besides Tyrone who is on "disability" and smokes weed all day long to *ahem* alleviate the symptoms of his "illness". Sooooooo, if i cancel it today would i still have to pay the penalty come tax season or am I good to go? Just curious if anyone read any news on this or knows something i dont know. Thanks.
If you don't have insurance, you aren't subsidizing other people. And if you do, you aren't subsidizing other people. You are paying into the liability we all have if you have a catastrophic health crisis and don't have insurance. Trump is already backpedalling on this because he knows Obamacare makes much more sense than the Republicans would have you believe. Chances are the law won't change.. not unless they do away with the elimination of caps and allow denial of insurance due to preexisting conditions, again.
There isn't even a proposal for a new or improved health care coverage system. So, all current rules apply. Republicans say they are going to repeal Obamacare, but doing that without having a new system in place along with a transition plan is just not going to happen. I really can't imagine any move that would be more irresponsible.
Word on the street is that the GOP will pass a "repeal" with an effective date years down the line. Meaning that for all intents and purposes Obamacare will remain in place for a long time to come. That said, this kind of repeal-and-delay strategy might blow up the individual insurance market so there's a possibility there won't be any insurance for you to buy anyway, "gun to the head" or not.
Smart money is to keep your insurance until you know for certain what the new system will be, and then, don't be an idiot, and keep your insurance anyway. Buying stocks is your version of Tyrone
First the law that you have to have Health Insurance is functionally a mandatory tax according to Chief Justice Roberts when he sold out to the Left -- and one wonders just what they have on him that periodically he unzips and urinates on the Constitution. Anyway by law you have to pay this tax either by purchasing outrageously -- thanks to leftists -- high premium and high deductibles health insurance or simply by paying the steadily growing penalty instead. Yay leftists, eh? That aside everyone thanks to Obama and company is finding either their premiums or their deductable skyrocketing with no end in sight. Yay leftists! What you can do, however, until we discover what if anything the GOP is going to do about the mess that the Left created -- yay leftists! -- is to just pay the sliding scale and ever increasing fine each year until it's starting to really impact your bank account and THEN simply purchase the cheapest and most useless health care plan you can for a year and then the next year drop it again and the tax penalty should have reset all the way back to the bottom; and then you can just continue repeating the pattern until something changes. Yay leftists!
It will be repeal and replace. It will be an orderly transition that might be years down the road. And it will be a better plan for all parties. I've been critical of Obama and Obamacare, but in hindsight it may not have been such a bad thing that it passed. It has finally got the Republicans off their butt to create and pass their own plan which will be infinitely better than Obamacare.
I must've missed the part where they created and passed their own plan. But I'm glad to hear you've got such confidence that if they ever get around to it this hypothetical replacement will be "infinitely better"!
If I'm elected in 2018, we will have an infinitely better plan. It starts with knowing your market, which the Dems don't know since all they know is "Goldman Sachs IS BAD!". What Global Warming is to the right, Economics is to the Left.
We've been hearing this promise since 2010. Now the word is that we might see some sign of this "infinitely better plan" by 2020 or so. Forgive me if I don't hold my breath.
I wish I could have ran for any earlier elections. I promise you I will win this one, and when I do it will be my initiative to set up a new plan. I forgive you though: Washington does not have business people in Congress, it has lawmakers. Whom have never so much as ran a lemonade stand. They're clueless as to this situation and all the more, it should've never passed in 2009.
Obamacare is a scam as it is presently - it's nothing more than a tax to steal from people to grow more government. What changed for all these people who didn't have health insurance before this? oh yea, nothing. Nothing has changed other than people being ripped off... Look, if these poor folks didn't have health insurence then tell me why (not you but Obamacare supporters) why gang bangers that got shot up were fixed at the hospital when they went in looking like swiss cheese? These unisured go to the same place and get the same treatment they always did when they were sick - the difference is that POS Obama and his minions believe that those that "can" afford healh care should PAY for the uninsured health care... It's a scam like AGW and carbon taxes - scam, scam and scam..... Obamacare was meant to murder the economy while Obama protects his buddies in the insurance industry and the health care industry.
In years past, especially in the 80s when hospitals started failing, hospitals actually turned away people from the ER if they didn't have insurance. But as a nation we found it unacceptable to allow people to die in the streets. So when they show up, someone has to pay for that. I'm not sure how that is managed but ultimately the government is responsible because you can't force a company to provide services for free. This is a public liability and that is what the Obamacare tax is designed to address. This idea that you are somehow paying for other people is nonsense, You WILL need health care at some point and it will cost orders of magnitude more than $2500. When my father died, long before Obama care, his medical bills exceeded his lifetime income. Thanks god for socialized medicine [The Veterans Administration]. It didn't cost us anything. The government paid for all of it. One of the perks of being a vet.
No it's absolutely not a "public service"... Truth is just about anyone could afford health care if there were interstate or even international competition. This isn't a socialist nation - the reason why the United States is falling on it's ass economically is because of the socialist side of Keynesian Economics.
everything in this post ^^^is false. And back to the original question of the thread. yes if you have insurance you are basically subsidizing those who don't, or do but can not afford it. And yes if you don't have insurance you are still subsidizing "Tyrone", assuming of course you pay taxes. Obamacare at best was meant to be opening the conversation of insuring those who refuse to buy insurance but inevitably would need care, show up and not pay. Where Obama went awry was in his arrogance that he knew better than the other side of his argument. America tried to stop him, even liberalville Massachusetts itself sent Scott Brown to try and head it off, but again Obamas arrogance and some late night shenanagins rammed it through anyway. And here we are 8 years later and Obamacare is falling apart under it's own weight. You would be best to stick with whatever it is you have for insurance now and wait a few months. trump and the GOP have a remedy. In all likelihood you will be able to shop on the open market and save yourself some money, if you are young buy some catastrophic insurance for practically nothing and just pay for any incidental services you may need or as you see fit. But no, moving forward you will not be forced to buy insurance under penalty of law.
