Obama Care

[saden1]

Originally Posted by Slingin Sammy 33

I wouldn't (and have always made sure I had coverage since I left home), the cost vs. risk doesn't make sense.

However, I deal with several 18-22 yr. olds on a daily basis and these guys/gals don't make the best decisions or for the most part really have a clue how things work. Most won't even know they got hit with a $ 750 penalty from the Fed until they file their taxes and don't get anything back or have to pay.

And as FD said, the $ 750 will go into the general fund, just like the Medicare tax increase.

If you're an 18-22 yr old you can get coverage through your parents until you turn 25. If you or your parents can't afford it you will get tax credit to purchase insurance. If you can afford it and choose not to, well, you're free to do so after you cough up that $750. Frankly their idiocy no one's fault but their own and their parents.

The fine will be collected by the IRS? It's going to general fund? What general fund? The bill states that the Secretary of Health and Human Services will collect this money.