Insurance companies are now tax collectors!? No matter what you think or how you feel about Obama Care it appears we now have a very large unintended consequence as a result of the Supreme Court decision.
Private companies can now be tax collectors? According to the Supreme Court private health insurance company’s premiums are now a tax. But this premium, excuse me tax, goes to the insurance company’s account to pay for all the things a company must pay including its profits.
If you don’t pay this tax to the insurance company then the Federal government via the I.R.S. collects a penalty tax.
Just think of all the private companies that will be lining the halls of Congress for their authorization to become tax collectors…
Please someone explain it is not so.