“30% penalty? Ok. let’s walk through it. A person shows up at the ER from a car accident and is pretty busted up so that’s going to run about $250K after surgeries.
Let’s see, 30% of $12,000 is $3600. So $1000/mo plus penalty, say $4600 up front, right? For $250,000 of care. And you’re complaining? For real? Naw. you’re pulling my leg, right?
If ya’ll don’t want to buy insurance I’m down with that. You can pay cash all day long. Just pay full price.”
What does that have to do with whether Rand Paul’s plan contain or not the 30% penalty?
Because under Rand’s plan if you don’t buy, you don’t have any insurance, all you got (hopefully) is a HSA - cash on the barrel head, please. He doesn’t show any options outside of medic-aid.
Under the Ryan plan, you could still buy insurance while you’re laying on the gurney bleeding - if you can find a company to cover you on the spot. But you will have to chip into the kitty. Or, you’re perfectly free self-insure and pay cash up front and not apply. But the option is there.