re: #794 iceweasel

Wendya, I’m looking at your link and I can’t find that provision on p103 or any of the following pages (I looked at the next several). Do you know the section or line number?

This was not my understanding of what the bill says, but lord knows it’s long and convoluted enough. My understanding is that old plans are grandfathered in; every company will from the date going forward have to participate in the HIE.

Section 161.

‘‘(a) PAYMENT.—
23 ‘‘(1) IN GENERAL.—In the case of any individual who did not have in effect qualifying coverage(as defined in section 3116 of the Public Health Service Act) for any month during the taxable year,
there is hereby imposed for the taxable year, in addition to any other amount imposed by this subtitle, an amount equal to the amount established under paragraph (2).
(2) AMOUNT ESTABLISHED.—
(A) REQUIREMENT TO ESTABLISH.—Not later than June 30 of each calendar year, the Secretary, in consultation with the Secretary of Health and Human Services and with the States, shall establish an amount for purposes of paragraph (1).
‘‘(B) EFFECTIVE DATE.—The amount established under subparagraph (A) shall be effective with respect to the taxable year following the date on which the amount under subparagraph (A) is established.
‘‘(C) REQUIRED CONSIDERATION.—In establishing the amount under subparagraph (A), the Secretary shall seek to establish the minimum practicable amount that can accomplish the goal of enhancing participation in qualifying coverage (as so defined).

In short, if your current insurance doesn’t meet the still to be determined “qualifying standards” and many won’t, you will be fined by the government if you choose to keep it.