New ObamaCare Plan Will Fine You If You Don't Buy Health Insurance

Now we have the government in the position to penalize both employers and employees if they don't have health insurance.

Employers who do not offer coverage would be required to pay 8 percent of each uninsured worker's salary, with exemptions for smaller firms built into the legislation.

Individuals who refused to buy affordable coverage would be assessed as much as 2.5 percent of their adjusted gross income, up to the cost of an average health insurance plan, according to the legislation.

Yup, they want you to pay 2.5% of your gross income if you don't take some sort of health insurance. I have no idea how they will assess this fine though. Would you put it on your taxes or if you don't pay taxes then do you get a bill from the government?

Also if a person loses their job do they suddenly get hit with a 2.5% penalty on their unemployment insurance once their COBRA runs out? Or if the person is young and generally healthy and they want to use the money allocated for health insurance for something else they will be hit with a fine for non-compliance? Also what if you don't pay the fine? Do you go to jail for not having health insurance?

That 8% hit to employers sounds like a jobs killer right there. I can see some companies reducing their staff or making everyone a private contractor in order to not be fined and not have to pay thousands in insurance costs. Or they can simply dock peoples pay by 8% in order to pay the fine. Any way you look at it it is going to hurt small businesses.