GRaguInformation: Get Your car insurance

by Phoenix

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Source: GRaguInformation: Get Your car insurance

Failure to get health insurance could bring fines, possible jail

07.11.09

Failure to get health insurance could bring fines and possible jail time under a health care reform bill being considered by the U.S. House of Representatives.

The reform bill being pushed by House Speaker Nancy Pelosi, D-Calif., mandates some kind of health insurance similar to state mandates for car insurance.

Republicans opposed to the bill on the House Ways and Mean Committee said they received confirmation from the congressional Joint Committee on Taxation Friday that the Pelosi/House Democratic bill would penalize Americans who don’t get insurance either from private providers or the government.

“The JCT letter makes clear that Americans who do not maintain “acceptable health insurance coverage” and who choose not to pay the bill’s new individual mandate tax (generally 2.5% of income), are subject to numerous civil and criminal penalties, including criminal fines of up to $250,000 and imprisonment of up to five years,” House Republicans said in a statement Friday.

Source: Bizjournals.com

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