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Author: tjscott0 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 736955  
Subject: Re: Pre-existing conditions Date: 11/4/2012 10:56 AM
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If you can wait until you get sick to buy health insurance, why would you buy insurance?

Yep. Especially with my $5000 ded catastrophic individual health insurance policy. I turn 65 in March 2016 & will become even a bigger wagon rider by signing up fer medicare.<g> Course there's a decent chance medicare will be bankrupt within a decade of my eligibility. C'est la vie. Or as Art sez "Want to make God laugh; make a plan".

http://money.cnn.com/2012/09/19/news/economy/healthcare-law-...
the Congressional Budget Office, working alongside the Joint Committee on Taxation, estimated that in 2016 roughly four million people a year would opt to pay the penalty instead of getting coverage. On Wednesday, the CBO and JCT revised that figure up to six million, citing legislation passed since 2010 as well as the weaker economic outlook.

In 2014, the penalty will be no more than $285 per family, or 1% of income, whichever is greater. In 2015, the cap rises to $975, or 2% of income. And by 2016, it reaches $2,085 per family, or 2.5% of income, whichever is greater
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