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 : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: DallasKevin who wrote (134343)	6/12/2013 9:39:22 AM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

IRS would be administering it but it would not be telling what to buy. The problem with folks driving skepticism and sometimes fear about Obamacare (call it party folks or whatever), is that they are doing so for political reasons. That is how I interpret Pelosi's statement. If you sit back and think genuinely, she said to not look at it from a political but instead look at it from a legislator's POV, who has to either pass it or not. From your examples cited from the IRS site, the eligibility is for Govt assistance to pay the premiums. Each one of us will have the option to buy whatever type go Healthcare insurance we want.

To: DallasKevin who wrote (134343)	6/12/2013 9:42:25 AM
From: Wharf Rat	1 Recommendation Recommended By ChinuSFO Read Replies (1) \| Respond to of 149317

The Department of Health and Human Services (HHS) administers the requirements for the Exchanges and the health plans they offer. obamacarefacts.com IRS role in Obamacare By Jeanne Sahadi @CNNMoney May 28, 2013: 7:58 AM ET Collect information from employers and insurers: The ACA requires employers to tell the IRS whether an employee has insurance. Companies with at least 50 full-time employees must also indicate whether they offer "minimum essential coverage" under ACA standards. Figure out who qualifies for subsidies or Medicaid: The ACA will provide federal subsidies known as premium tax credits to help millions of people pay for insurance. Determine who must pay a penalty: Starting in 2014, individuals must buy qualified health insurance or pay a penalty. Some groups are exempt from the new rule, including those whose income is so low that they're not required to file a tax return. Penalize employers that don't provide affordable coverage: Starting next year, employers with 50 or more employees must provide affordable, qualified coverage to employees. If they don't, they have to pay an "Employer Shared Responsibility payment." The IRS must establish rules and guidance for employers in this regard and collect the penalty from them. money.cnn.com