After reading this, I wonder if it really will force the purchase of insurance?
After reading this, I hope you read harder
The issue most people are worried about it that the current health care cost is going to go up and entice you to switch the government program. You're required to have health insurance, just not reuqired to have the government's version.
Sorry for the full text post, but didn't want to post the summary
CHAPTER 48--MAINTENANCE OF MINIMUM ESSENTIAL COVERAGE
`Sec. 5000A. Requirement to maintain minimum essential coverage.
`SEC. 5000A. REQUIREMENT TO MAINTAIN MINIMUM ESSENTIAL COVERAGE.
`(a) Requirement To Maintain Minimum Essential Coverage- An applicable individual shall for each month beginning after 2013 ensure that the individual, and any dependent of the individual who is an applicable individual, is covered under minimum essential coverage for such month.
`(b) Shared Responsibility Payment-
`(1) IN GENERAL- If an applicable individual fails to meet the requirement of subsection (a) for 1 or more months during any calendar year beginning after 2013, then, except as provided in subsection (d), there is hereby imposed a penalty with respect to the individual in the amount determined under subsection (c).
`(2) INCLUSION WITH RETURN- Any penalty imposed by this section with respect to any month shall be included with a taxpayer's return under chapter 1 for the taxable year which includes such month.
`(3) PAYMENT OF PENALTY- If an individual with respect to whom a penalty is imposed by this section for any month--
`(A) is a dependent (as defined in section 152) of another taxpayer for the other taxpayer's taxable year including such month, such other taxpayer shall be liable for such penalty, or
`(B) files a joint return for the taxable year including such month, such individual and the spouse of such individual shall be jointly liable for such penalty.
`(c) Amount of Penalty-
`(1) IN GENERAL- The penalty determined under this subsection for any month with respect to any individual is an amount equal to 1/12 of the applicable dollar amount for the calendar year.
`(2) DOLLAR LIMITATION- The amount of the penalty imposed by this section on any taxpayer for any taxable year with respect to all individuals for whom the taxpayer is liable under subsection (b)(3) shall not exceed an amount equal to 300 percent the applicable dollar amount (determined without regard to paragraph (3)(C)) for the calendar year with or within which the taxable year ends.
`(3) APPLICABLE DOLLAR AMOUNT- For purposes of paragraph (1)--
`(A) IN GENERAL- Except as provided in subparagraphs (B) and (C), the applicable dollar amount is $750.
`(B) PHASE IN- The applicable dollar amount is $95 for 2014 and $350 for 2015.
`(C) SPECIAL RULE FOR INDIVIDUALS UNDER AGE 18- If an applicable individual has not attained the age of 18 as of the beginning of a month, the applicable dollar amount with respect to such individual for the month shall be equal to one-half of the applicable dollar amount for the calendar year in which the month occurs.
`(D) INDEXING OF AMOUNT- In the case of any calendar year beginning after 2016, the applicable dollar amount shall be equal to $750, increased by an amount equal to--
`(i) $750, multiplied by
`(ii) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year, determined by substituting `calendar year 2015' for `calendar year 1992' in subparagraph (B) thereof.
If the amount of any increase under clause (i) is not a multiple of $50, such increase shall be rounded to the next lowest multiple of $50.