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By Catholic Online (NEWS CONSORTIUM)

11/2/2012 (2 years ago)

Catholic Online (www.catholic.org)

Enough insurance

Let's hope you like paperwork because the IRS has a surprise for you. Starting in 2014, thanks to Obamacare, you will have a new tax form to fill out in which you must prove you are buying insurance or pay a stiff penalty. You will be required to use personally identifying health information to comply. 

Obamacare really is a tax.

Obamacare really is a tax.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/2/2012 (2 years ago)

Published in Politics & Policy

Keywords: Obamacare, tax, insurance, IRS


LOS ANGELES, CA (Catholic Online) - IRS testimony before the house Committee on Ways and Means confirms that taxpayers will have a new form to complete. On the form, taxpayers must either prove they are consuming enough insurance, or pay a penalty. 
At least six million families in the US are expected to pay a penalty under Obamacare. 

The new requirements mandate that insurance companies send documents via mail every January, just as your employer must do with your W-2s or 1099 document. This documentation will contain personally identifying health information which can potentially enable a third party to access your health records. 

Obamacare supporters say this is unfortunately necessary because it is the only way to enforce insurance consumption. Without this provision, the government could not make you pay anything under Obamacare. 

On an individual basis, it's one document filed annually. It should be quick and easy to complete. However, when these documents multiply by the millions, basically one for every citizen, the size and nature of the burden becomes obvious. 

The cost to produce, mail, and process the added documentation will be enormous. And that's not even examining the privacy concerns that the circulation of such documents will present. 

Unfortunately, there's little citizens can do about this since Obamacare is now law and has survived judicial review as a form of taxation. If there's any one thing that affirms Justice John Robert's ruling that Obamacare is a tax, this is exactly it. 


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