MysteryMen
Scott "Rufio" Feather
- Joined
- Apr 23, 2011
- Messages
- 5,944
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I'm not sure they can manipulate the insurance companies into losing money. Their actuarial tables will only let that game go so far. The game for Congress is to make sure Pete buys insurance.
So the larger risk, and the one likely to come true, is that the tax will get set as a true penalty. i.e. Pete can buy insurance for $150 today. The tax not to buy gets set at $190. And suddenly Pete can buy insurance for $165 instead of $150. And because Pete's premium went up $15, your premium Mr. 55 year old smoker goes up $50.
In short, there's a big risk the consumer get's squeezed on this.
Except for the part that the law prescribes the amount of the tax based on your income and caps it at the average cost of a policy. They can't set the tax amount at more than it would cost to buy a policy and for most people it will be significantly less