"WASHINGTON - Americans who refuse to buy medical coverage could be hit with fines of more than $1,000 under a healthcare overhaul bill unveiled yesterday by key Senate Democrats looking to fulfill President Obama’s top domestic priority.
The Congressional Budget Office estimated the fines would raise around $36 billion over 10 years. "
Dodd and Kennedy seem hell bent on assuring that if you cannot afford a plan now, you sure as heck won't be able to do so after they get done with you. Leave it to them to turn an attempt to give people health care into a fundraising scheme!
"The revised plan from the Senate health committee also calls for a government-run insurance option to compete with private plans, as well as a $750 annual fee on employers for each full-time worker not offered coverage through their job and $375 for each part-time worker. Companies with fewer than 25 employees would be exempt. The fee was forecast to generate $52 billion over 10 years."
Really? Now if I were an employer whose sole focus was reducing costs and increase profits and I had to choose between giving my employees health insurance that costs hundreds a month per employee OR paying a annual fee that is much smaller than any health insurance costs, what choice would I make?????
Full Article: Boston Globe