Prior to last Saturday’s vote, The Wall Street Journal aptly called the House bill “the worst bill ever.” The bill is enormously expensive, but it is full of perverse incentives – an issue already plaguing our health care systems.
For individuals, the government will tell you what minimum insurance coverage you have to buy, where you must get it and what premium you will have to pay. Refusing to buy this insurance will result in a fine (tax) equal to 2.5 percent of your income. If you don’t pay the fine, you could go to jail.