Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Friday, January 10, 2014

Federal Law Says You CAN Opt Out Of Obamacare And CAN NOT Be Penalized If You Do

Ever heard of a federal law 42 USC § 18115: Freedom Not to Participate in Federal Health Insurance Programs?

I haven’t either.

But thanks to FOTM reader Joseph, now we all do!

This is how Cornell University Law School’s website describes 42 USC § 18115:

No individual, company, business, nonprofit entity, or health insurance issuer offering group or individual health insurance coverage shall be required to participate in any Federal health insurance program created under this Act(or any amendmentsmade by this Act), or in any Federal health insurance program expanded by this Act (or any such amendments), and there shall be no penalty or fine imposed upon any such issuer for choosing not to participate in such programs.

More

5 comments:

Anonymous said...

Thanks for bringing this one up

Anonymous said...

Sorry, but the title is entirely inaccurate. "... and there shall be no penalty or fine imposed upon any such ISSUER for choosing not to participate in such programs." Notice the R on the end of the word issuer. This means that anyone that issues healthcare insurance can issue a policy that does not comply with Obamacare. As the recipient of a healthcare insurance policy, you are not the issuer. You are the recipient. This does not include you from being required to have an Obamacare compliant insurance policy.

Keep searching for the proper loophole. Lots of us want it.

Anonymous said...

Too irresponsible to buy health insurance 11:34? Yeah I know that truck payment is way more important.

Anonymous said...

Right now everyone needs to focus on NO 3rd TERM!None of us thought he could pull so much over on us when he was elected the 1st time,so don't just "assume" he can't find a way.

Anonymous said...

9:12. You work on that and mean time Hillary will be elected. Idiot