Did you know the IRS will regulate health care coverage enforcement? Mandate with no means or funding....he he he he he he he ......
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The health care reform bill to be signed Tuesday by President Obama would give the IRS a new mandate to enforce some of the initiative's key provisions -- but apparently not the means to do so.
Under the Senate bill approved Sunday by the House, the Internal Revenue Service would be called on to ensure Americans are obtaining health care insurance and businesses are offering it, or else they could face fines. Many would receive subsidies to help pay for insurance.
The emphasis is on incentives for healthy people to buy insurance, thereby spreading the risk of older, less healthy people over a broader pool of customers. For those earning between $22,050 and $88,200, there are tax credits for health insurance premiums. In addition, individuals initially face fines of up to $750 for not buying in; businesses would face fines of up to $3,000.