Why is it considered illegal to not have health insurance?
How do I avoid paying for Health insurance in America and still be legal?In the U.S. it is NOT “illegal” to opt out of obtaining Health Insurance.Your choices as an alternative of securing “essential health benefits” are:Pay the Tax PenaltySeek an ExemptionThe Tax Penalty for 2016 is 2.5% of your total household Adjusted Gross Income, or $695 per adult and $347.50 per child to a maximum of $2,085.The tax/penalty can be considered an opportunity cost of purchasing your health insurance. In other words, you are foregoing the $2,085 (savings) off the cost of health insurance if you chose to secure coverage.Though not a huge incentive, in your example, $1,500/month or $18,000 per year would actually be net cost to you of $15,915.No doubt, that is a lot of money. Yet your exposure to a catastrophic loss because of unforeseen medical expenses to you or one of your family members is exponentially higher.
If you sue a city, does the money come from insurance, a slush fund, or something else?
Do you even know what a slush fund is? It's usually corrupt. As for where the money comes from, it depends on the city. Usually it comes from insurance companies, but some cities chose to be self-insured and just set money aside for lawsuits. Another choice is that they have insurance with really high (like $250,000) deductibles, so that if they get a catastrophic claim, the insurance company pays. If the insurance company pays, it's not paid for with tax dollars. The premiums are, but not the payout. When a claim is filed, if they don't have insurance, they usually set aside a reserve from a fund for that purpose, to cover the probable outcome of the claim.
Which is it cons... are we paying for insurance for the poor, or charging them through the nose?
and there are clearly different levels of poverty... a single mom with one kid making $17k a year is different than a family of four making $30k a year... both could be poor to some degree though... it's not "changing" the idea of poor, just understanding that all poverty is not the same and different standards need to be applied to different groups...
Health insurance?
I’ll be 26 in April and well be off my parents health insurance i was lucky to have parents that work union jobs and had everything covered. I’ve been searching and EVERYTHING is so expensive!!!! i live in new jersey and have an apartment with my fiance and i only make $13hr i cant afford another bill thats $300 i put in my income to see what i was offered and its rediculous i never really thought about health insurance before. Im rarely ever sick i at most go to the doctor 3 times a year and yet i have to pay $300 a month??????? Is it still required to have health insurance ?
Is it true that Democrats have ruined America?
They celebrate all the progress they've made, yet our respect and influence in the world has dropped over the last 7 years. The US President is now considered the 3rd strongest person on the planet.