Who gonna' sign that bill, guys?
And, about those IRS agents looking to enforce the 'mandate...'
Health-Care Reform: The Mandate Debate
Experts say the only way to cover the uninsured is to require them to buy insurance or pay a fine. But how much should a penalty be?
By Catherine Arnst
How much is health insurance worth to you? That's the key question lots of experts in Washington are trying to answer as Congress attempts to hammer out a health-care reform bill. Economists say the only way to cover most, if not all, of the nation's 47 million uninsured is by instituting an "individual mandate" that would require everyone either to purchase insurance or pay a fine. The great unknown, however, is how high the penalty should be to motivate the desired response.
In the bill approved by the Senate Finance Committee on Oct. 13, there are no fines at all the first year it goes into effect, in 2013. In 2014 individuals would have to shell out $200 in annual penalties if they choose to forgo insurance, and by 2017, the number jumps to $750. That's starting to sound like a meaningful sum. But consider that the average yearly insurance premium for an individual policy is around $5,000. For just a few hundred dollars during the first years the law is in place, a healthy person might decide to forgo the costly security of insurance.
http://www.businessweek.com/magazine/content/09_43/b4152000570390.htm?chan=top+news_special+report+--+health+care+reform_special+report+--+health+care+reform