Fine Print: IRS to Collect Your Health Care Premiums. You heard right: IRS will garnish your wages; taxman will knock on your door.  This really is Socialism. Does the IRS also intend to take a collection fee on the premiums the PRIVATE health insurance companies are charging?

“Never has the federal government said any American had to buy anything. Now, [you] have to buy insurance. If you don’t buy insurance, pay the IRS more money,” said Sen. Charles Grassley (R-IA) during the Senate’s floor debate in November.

Grassley is correct in that the mandate would be enforced at tax time. If you can’t prove you’re covered, you’ll pay a penalty.

via Anyone Remember What’s In The Health Care Bill? : NPR.

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Obamacare Will Pay Health Insurers $336 Billion. So Why Is the President Calling Them Evil Profiteers?

“Health Insurers will keep on doing this for as long as they can get away with it. This is no secret,” the president said. “They’;re telling their investors this – ‘We are in the money. We are going to keep on making big profits even though a lot of folks are going to be put under hardship,’” the President told supporters at a stop in Pennsylvania today.

HHS Secretary Kathleen Sebelius, meanwhile, wrote to insurance company executives demanding that they justify premium hikes.

Neither mentioned that the Senate health reform bill, which is the basis for Democrats’ last best chance at comprehensive reform, would give the insurance companies millions of new customers required by law to buy health insurance. It would also require insurers to cover everyone, regardless of age, gender or pre-existing condition.To help pay for the new insurance requirements the government would give to people money to buy insurance – $336 billion over the next ten years. That money, ultimately, would have to go to… drum roll… insurance companies.

via A Complicated Enemy: Obama Seeks to Vilify Health Insurers, Give Them $336 Billion Check – The Note.

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