Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
Gatordoc50 said:Very few people have any assets to speak of. The very reasons why those who are healthy and earn above 400% of the poverty limit don't buy insurance now is why they won't buy insurance under the exchanges. Except under the ACA, they can buy if they get sick. Maybe the adverse selection will be insignificant. Heck, we are giving free insurance coverage to tens of millions. I'm just saying there will be a boat load of people opting for the penalty. Just my opinion.
I take a dimmer view. Not only will a decent portion of the public not acquire the insurance, they will not pay the penalty either, nor will they even know they are supposed to pay it until it is disclosed on their tax form. I can't see the IRS taking millions to court to try to get a judgement since they can't seize anything but a refund. I wouldn't be surprised at all if that part of the law gets tightened up somehow, down the road.