Nope. I disagree. Similar arguments are made that the RKBA applies only to the militia. Do you agree with that? They both use commas to seperate the clauses. The law is quite clear in that neither individuals, nor issuers of group or individual plans are required to participate. Plain and simple. SCOTUS agrees. We shall see where it goes with semi-colons.
I am sorry if you are having trouble parsing the sentence.
No individual,
or company,
or business,
or 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...
You go ahead on and believe whatever it is that you want to believe
if it makes you feel better.