The Patient Protection and Affordable Care Act was signed into law during the month of March 2010 and it has continued to be on a downslide. Though there is a portion of the mass population that is pleased with the passage of this health care reform bill, most are not pleased. This continues to be the one major overhaul that is filled with details that are yet to unfold.
The deals that went down and the back door enticements has soured with the mass population and the passage of this health care reform bill remains very unpopular. The one major aspect of the health care reform bill is the issue that in order for this to succeed, every individual is now mandated to carry affordable health insurance.
There is a monkey wrench that was added to the health care reform bill though and that is the new powers afforded to the Internal Revenue Service. The power the Internal Revenue Service will now wield is incomprehensible. They, the Internal Revenue Service now is in charge of you maintaining an affordable health insurance policy and collect the average monthly cost for health insurance.
There is one other little bit of information for you to understand. The Internal Revenue Service now has the power to collect your medical history files from your medical health care physician to make sure you have purchased a health insurance policy that will benefit your medical requirements.
When the Internal Revenue Service decides that the low cost health insurance policy you purchased is not valid enough to cover all of your current health care needs they have the power and prestige to mandate you purchase another health insurance policy. If you fail to purchase a health insurance policy that the Internal Revenue Service approves, they will void your current health insurance policy and issue you the one health insurance policy of their choosing. All you are mandated to do is continue making the monthly premium installments.
Of course, if you decide to forfeit your low cost health insurance, the Internal Revenue Service will then issue you a fine that will continue to increase with each passing year until it reaches two percent of your gross income. Now we the people are being told that there is no jail time involved with the lack of health insurance, but just read a little closer.
Lack of health insurance coverage permits the Internal Revenue Service to issue you a penalty fine, which falls under failure to remit taxes due the federal government. When a citizen continues to fail to send in the required penalty fee, jail time as a penalty is the next step.