March 23, 2010
The Internal Revenue Service will function as the government’s chief enforcer for health care reform, should President Obama sign the bill into law as expected, monitoring both businesses and individuals to certify whether they have the insurance coverage the government requires.
The tax collection agency will be responsible for monitoring and enforcing compliance with the individual and employer insurance mandates which form the backbone of the Democrats’ hard-won reforms.
The bill states that the purpose of the mandates is to regulate “economic and financial decisions about how and when health care is paid for, and when health insurance is purchased.”
The mandates require that all Americans carry a minimum level of health insurance or pay a separate tax for every month they are without such coverage. All employers with 50 employers or more will also be required to provide their employees with that same minimum level of coverage.
This article was posted: Tuesday, March 23, 2010 at 10:17 am