12-25-2013, 10:12 AM
1. ACA was originally supposed to include a single-payer option. I believe it was called "everyone can use Medicare if they want".
2. Extensive "documentation" requirement is to make sure that only US Persons (of appropriate income levels) benefit from the subsidy "tax credit". Exchange sites verify with IRS, DHS, and Experian -- obviously needed to provide "healthcare".
3. IRS cannot penalize you for refusing to pay the fine for not having insurance -- but if you're subject to withholding (as in "W2 paycheck") they will keep the money, good luck getting it back.
4. Cost: I'm quoted about $400/mo, not eligible for subsidy, so it would cost almost $5000/year to have -- plus another $6500 annual deductible if I actually use it, at which point the insurance company will start finding reasons to refuse my claims. (That $12K/year would also be my largest expense, beating out the mortgage, car, food, and taxes.)
2. Extensive "documentation" requirement is to make sure that only US Persons (of appropriate income levels) benefit from the subsidy "tax credit". Exchange sites verify with IRS, DHS, and Experian -- obviously needed to provide "healthcare".
3. IRS cannot penalize you for refusing to pay the fine for not having insurance -- but if you're subject to withholding (as in "W2 paycheck") they will keep the money, good luck getting it back.
4. Cost: I'm quoted about $400/mo, not eligible for subsidy, so it would cost almost $5000/year to have -- plus another $6500 annual deductible if I actually use it, at which point the insurance company will start finding reasons to refuse my claims. (That $12K/year would also be my largest expense, beating out the mortgage, car, food, and taxes.)