Quote:
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Called "shared responsibility payments," the fines would be set at least half the cost of basic medical coverage, according to the legislation. The goal is to nudge people to sign up for coverage when they are healthy, not wait until they get sick. In 2008, employer-provided coverage averaged $12,680 a year for a family plan, and $4,704 for individual coverage, according to the Kaiser Family Foundation's annual survey.
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Seems to me the $1000
or more is right. At those averages, it would need to be $6k for those with families and $2.4k for individuals. Admittedly, the averages may be better than what "basic medical coverage" ends up being defined as, but $1,000 a year is very very cheap for medical insurance. I can't believe they would define basic health insurance as anything that limited.
