The pending healthcare reform legislation suggests that penalties will be levied to those not purchasing coverage. The proposed penalties are phased in and appear smaller than the premiums.
Follow this logic:
If:
Health reform brings penalties for those that don’t buy coverage,
And:
Some employers don’t offer, and some individuals don’t buy, coverage today because coverage is too expensive,
Then:
Won’t companies and individuals just pay the penalties?
We can only hope for income tax reform. I might choose to stop paying taxes.
- Mark Alder, President, Herbruck Alder - malder@herbruckalder.com - www.herbruckalder.com
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