In response to:

Should You Drop Your Personal Health Insurance Under ObamaCare?

Vladilyich Wrote: Jul 16, 2012 2:58 PM
There is one question that I haven't been able to find an answer to or anyone who has a clue about the implementation. I do not have health insurance and have not for 12 years. The cheapest I've found due to several preexisting conditions, would run me $21,600 annually for just me. I've even been refused life insurance. I left the U.S. 6 years ago for a country with better medical care and much cheaper prices. Living outside the U.S., means that I have to pay tax in my country of residence as well as to the IRS for breathing the atmosphere on Earth while American. Now I could buy a private U.S. approved policy cheaply, but it wouldn't do any good in the country where I now live. Is the IRS going to try to hit me w/penalty tax?

Now that the Patient Protection and Affordable Care Act (PPACA), more commonly known as "ObamaCare", has been declared to be constitutional, we thought we might revisit a topic we had originally considered after it was signed into law: Does it make more financial sense for you to pay for health insurance or to pay the ObamaCare mandate tax instead?

Ideally, ObamaCare is intended to provide health insurance coverage to all Americans, regardless of their current state of health. Unfortunately, the new law provides powerful and perverse incentives that can encourage healthy individuals to drop their current...

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