Well my thoughts on this think the IRS is already over burdened with audits so add this now? The whole idea of penalizing citizens for not having health insurance is a crock and just creates another layer of red tape and more importantly, more bad will. Can’t we have a Congress that can begin creating “good will” instead?
From a tech side of things I wonder if the data capabilities are there to even do this when I read about Social Security still living off of Cobol? If this idea is further entertained, then I think changing the way insurance companies operate to going back to being non-profit and functioning in that capacity as originally designed should also be changed, as how can you penalize people who can’t afford it when government funds are running out all over the place to subsidize?
Good question, so again, if this is brought in as law, insurance companies should also be non profits and we should have an agency or the SEC that can run audits and certify their algorithms they use for scoring and calculating payments and qualifying, only fair. BD
As if U.S. tax forms aren't complicated enough, Congress is expected to include in its final health care reform bill a requirement that nearly all Americans have health insurance -- and prove it on their tax returns or face a fine.
The Internal Revenue Service would be tasked with enforcing this new health insurance mandate, prompting some in the tax preparation business to say this is going to add a whole new burden to the tax agency.
"Just the audits of this is going to be huge because our system is a voluntary compliance system," said Terry Jones a private certified public accountant. "The IRS can audit, of course, and this is a whole new area opening up that the IRS is going to have to be on top of."
In addition, the health care reform bill likely would require the IRS to dole out taxpayer dollars -- subsidies -- to low-income Americans to help them pay for health insurance, administer tax credits to small businesses to help them offer health insurance to workers and collect billions of dollars in new taxes on employers, insurance companies and medical device companies.
FOXNews.com - Final Health Care Bill May Require Proof of Insurance on Tax Returns
0 comments :
Post a Comment