Okay. Thanks, but that 8% is probably time limited based on Obama’s rules (changing daily). They don’t even obey their own law. What’s to stop them from assessing more?
Regardless, the 8% doesn’t really have to do with anything substantive in the article. It was about costs to physicians for implementing electron records.
I’m living my life as if there is no such thing as Obamacare, except for one thing: As long as it is in effect I will not have health care insurance, beginning 14 months ago. And there are two things people need to know about that:
1. By law, the only way the payment of the penalty is enforceable is through confiscation of tax refunds. I never get a refund.
2. If your out of pocket cost for the cheapest Obamacare insurance (bronze) is more than 8% of your income, you are exempt from the penalty. My wife and I are over 61. The cost of health care insurance is very high.
I’ve gone fully Galt regarding my TAXABLE income.
Fortunately, Obama can only try to change the rules in the direction of “not enforcing” them. He can’t make up new rules that suddenly make us illegal. That’s the beauty of this.