REPORT COPYRIGHT VIOLATION IN REPLY
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"BREAKING NEWS" Federal law says you "CAN" opt out of Obamacare and "CAN NOT" be penalized!
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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.
Quoting: Interested_1 I believe is correct, sadly. Raised by an attorney who was a professional loophole-finder. Quoting: snark Well maybe your right, usually when something sounds too good to be true, it is. Quoting: Gdchappy law is absolute and has to be written absolutely, it means exactly what it says. Quoting: Anonymous Coward 8996836 They meant it as " people offering insurance plans don't have to be part of the exchange" Only people that really offer plans are insurance companies. Everyone else chooses to buy the plan or not.
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