Well, I am half way through it and have seen about enough.
The penalty to “Encourage Continuous Health Insurance Coverage” under Sec. 2711 is 30% of the applicable monthly premium.
The mandate is still in effect. This is a damn embarrassment and any Republican that backs this should be ashamed.
Enforced by the IRS?
“The mandate is still in effect”
That section you read pertained to someone buying a policy outside of enrollment periods. In that case, a policy premium may be applied for the balance of the year. I presume this would be for someone picking up insurance when they get sick.
The repeal of the mandate is here (I think):
SEC.05 INDIVIDUAL MANDATE.
(a) IN GENERAL
Section 5000A(c) of the Internal Revenue Code of 1986 is amended—
(1) in paragraph (2)(B)(iii), by striking ‘‘2.5 percent’’ and inserting ‘‘Zero percent’’, and
(2) in paragraph (3)
(A) by striking ‘‘$695’’ in subparagraph (A) and inserting ‘‘$0’’, and
(B) by striking subparagraph (D).
(b) EFFECTIVE DATE
The amendments made by this section shall apply to months beginning after December 31, 2015.
SEC. 06. EMPLOYER MANDATE.
(a) IN GENERAL
(1) Paragraph (1) of section 4980H(c) of the Internal Revenue Code of 1986 is amended by inserting ‘‘($0 in the case of months beginning after December 31, 2015)’’ after ‘‘$2,000’’.
(2) Paragraph (1) of section 4980H(b) of the Internal Revenue Code of 1986 is amended by inserting ‘‘($0 in the case of months beginning after December 31, 2015)’’ after ‘‘$3,000’’.
(b) EFFECTIVE DATE
The amendments made by this section shall apply to months beginning after December 31, 2015.
It looks like they’ve replaced the mandate to BUY insurance with a 30% penalty if one does not KEEP continuous coverage. In other words, if you drop your policy and then somewhere down the line want to be reinsured, you’ll be punished severely.