Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (16101)	4/5/2010 2:04:26 AM
From: i-node	2 Recommendations Read Replies (1) \| Respond to of 42652

They could write a program to kick out all those who filed income tax and haven't offered proof of insurance, assess a penalty to them, and deduct it from their refund if they're getting a refund. Your team, unless it's a team of magicians, couldn't identify anyone who didn't file a tax return, validate the claims of insurance, collect the penalty if there was not enough of a refund to cover it, or prosecute anyone. It will start out just as you say. But then there will be regulations requiring every health insurer to submit form 1098-HI to every insured by Jan 31 of every year, THEN a copy on mag media to IRS. And they'll match them up. If a taxpayer happens to overlook the 1098-HI, he will be assessed a penalty, interest, and a Negligence penalty for having overlooked it. And a new government bureaucracy is born which allows the federal government to assure itself that we all have our current insurance cards. Really pathetic when you think about it. God, I hope the Supreme Court has the moxy to solve this problem.