"BREAKING NEWS" Federal law says you "CAN" opt out of Obamacare and "CAN NOT" be penalized!

unless there is an opt out on your 1040 somewhere you can forget it.

The law also states that insurance companies do not need to comply either, so they can simply bypass the ACA and offer the same coverage that they have been.

"there shall be no penalty or fine imposed"

Didnt scotus rule that the "penaly" is not a penalty but is actually a tax?
That would be their loophole.

my employer already gave me a waiver form

Has anyone ever heard of this law before?

it's the same thing with the income tax, YOU CAN OPT OUT OF THE FEDERAL RESERVE SYSTEM BY REDEEMING LAWFUL MONEY. They depend on ignorance and fear, unfortunately for too many people who have been living in or near these big cities for too long their courage and conviction is a long lost relative they have never met.

It seems like we the people, aren't getting too many breaks theses day's, doesn't it?

From the Cornell site reads:
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 amendments made 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.

but I think is supposed to be read like:
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 amendments made 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.

Basically none of those entities in the parentheses that offer insurance will not be penalized for not participating. Sadly, I don't think they're referring to individual citizens.

But I'm not a lawyer, so who knows. Because I *am* a finder of loopholes and I could *easily* read it the way you posted.

Law applies to all people equally (supposedly). If these corporations (read: people as of citizens untied ruling) are exempt, then, it would follow that all people are exempt. But hey, I'm not a lawyer, surely they've safeguarded citizens using the citizens united defense.

"No offering group or individual health insurance coverage shall be required to participate in any Federal health insurance program created under this Act..."

But it does not read correctly if the parenthesis are taken out. Parenthesis clarify a statement and are independent of the words of the rest of the sentence; therefore, when you take out the parenthesis and the words between them, the sentence should still be able to be read and be grammatically correct.

This is what I remember, never made lower than a 90 in English classes. Perhaps someone else can chime in?

OFFERING is the key word here. This law only applies to insurance companies and the people that PROVIDE insurance coverage.

From Black's Law Dictionary:

What is OFFER?
1. To bring to or before; to present for acceptance or rejection; to hold out or proffer; to make a proposal to; to exhibit something that may be taken or received or not. Morrison v. Springer, 15 Iowa, 340; Vincent v. Woodland Oil Co., 105 Pa. 402, 30 Atl. 991; People v. Ah Fook, 62 Cal. 494. 2. To attempt or endeavor; to make an effort to effect some object; in this seuse used principally in criminal law. Com. v. Harris, 1 Beg. Gaz. R. (Pa.) 457. 3. In trial practice, to “offer” evidence is to state its nature and purport, or to recite what is expected to be proved by a given witness or document, and demand its admission. Unless under exceptional circumstances, the term is not to be taken as equivalent to “introduce.” See Ansley v. Meikle, 81 Ind. 200; Lyon v. Davis, 111 Ind. 384, 12 N. E. 714; Harris v. Tomlinson, 130 Ind. 420, 30 N. E. 214.



Law Dictionary: [link to thelawdictionary.org]

"there shall be no penalty or fine imposed"

Didnt scotus rule that the "penaly" is not a penalty but is actually a tax?
That would be their loophole.

Actually it is common knowledge that it really says you only need to purchase insurance if it is affordable,if not you don't have to participate. Affordable care act.........

Google it......

1. Start LLC offering health insurance
2. Opt out of obamacare
3. ???
4. Profit