I am a CFP specializing in the Medicare Market, and an insurance broker.
I think the insurance companies are rather shy about publishing their legal opinions right now.
You sound like an expert.
Consider this if you would: It is my understanding that the first few years if you decline to purchase health insurance then you pay a penalty of about $95.00 a year, but you receive no health insurance coverage.
I believe that somehow the “47%” (the Illegals, Treyvons & Co.) will pay nothing yet still receive health insurance coverage. (Remember Nancy Pelosi nearly swooning over the thought of all the Americans who could “become artists, musicians!” etc.?)
So, those of us expected to actually pull this barge loaded with deadbeats, across rocks, can go mini-Galt by becoming part of the 47% in order to bring the whole thing down.
And won’t that happen if the premiums that working people are paying aren’t covering expenses—like General Motors, the health care company that builds a few battery powered cars nobody wants?
It wouldn’t take very long at all, would it, factoring in as well the bloated bureaucracy that will be required to administer this Frankenstein’s monster?