There is a lot of misunderstanding about the US senate bill that was rushed through today, Christmas Eve, at 7am.
Below a clarification:
The bill, should it become law, would do the following:
1) If you today do not have health insurance, you would be forced to buy private health insurance for you and your family.
2) You may be required to pay up to 9.8% of your income for this policy.
3) If you do not pay, the IRS will add the cost of a private policy to your tax liability with the addition of a fine up to US$ 750.
No laws have been passed as of yet. A single bill must pass through both the House and the Senate and then be signed by the president in order to become law.
Neil
Below a clarification:
The bill, should it become law, would do the following:
1) If you today do not have health insurance, you would be forced to buy private health insurance for you and your family.
2) You may be required to pay up to 9.8% of your income for this policy.
3) If you do not pay, the IRS will add the cost of a private policy to your tax liability with the addition of a fine up to US$ 750.
No laws have been passed as of yet. A single bill must pass through both the House and the Senate and then be signed by the president in order to become law.
Neil