IRS Health Insurance Penalty Will Not Motivate Consumers To Buy Insurance | PRNewswire | Rock Hill Herald Online

SUNNYVALE, Calif., April 18, 2013: IRS Health Insurance Penalty Will Not Motivate Consumers To Buy Insurance | PRNewswire | Rock Hill Herald Online.

Wow, I’m stunned /SARC OFF.

“From this new poll we now know that the penalty alone will not drive a large number of consumers to purchase a new health plan starting this October,” said Bruce Telkamp, CEO of HealthPocket. “Therefore, the law will be most effective if consumers see real value in obtaining the insurance coverage. Only insurers that offer high quality and affordable health plans should expect to see significant new enrollments this fall.”

The poll also found that the $95 tax penalty is as ineffective to compel younger respondents to buy health insurance as it was for survey respondents as a whole—61 percent for 18 to 24-year-olds and 55 percent for 25 to 34-year-olds. If younger, healthier populations choose to face the penalty and don’t enter the insurance pool, insurance premiums for the entire market could rise due to the higher costs of coverage for the older and less healthy enrollees who remain in the pool.

Read more here: http://www.heraldonline.com/2013/04/18/4785572/irs-health-insurance-penalty-will.html#storylink=cpy

So the solution is either MORE Subsidies or “Make it Free”, i.e. Single Payer.

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