Pelosi Plan Makes Millions of People Pay Fines

Ernest Istook / November 02, 2009

Speaker Nancy Pelosi’s (D-CA) health care plan presumes that about 8-to-14-million American workers will pay fines rather than buy health insurance. Unless they do, there’s a $167-billion hole in her financing plan and everything falls apart.

Like the rest of us, this group would face higher-than-ever insurance prices under Pelosi’s proposed bill.

Speaker Pelosi, President Obama and others claim they will make coverage cheaper, yet the official projection relies upon millions who would prefer to pay fines rather than join their system. In some cases the individuals would pay the penalty; in others their employers would pay; and sometimes both.

The estimate of 8-to-14 million who would be fined is based on the official projections made by the Congressional Budget Office (CBO). (more…)