Zeev's Turnips Patch-No Politics (ZEEV)

[Smart_Money]

IRS To Be Charged With Levying Fines Against Americans Without Health Insurance

Digital News Report – Besides collecting taxes and going after tax cheats, the Internal Revenue Service (IRS) will be going after Americans who do not purchase private health insurance.

The new health care legislation being debated in Congress will put the IRS in charge of making sure

Americans purchase a health insurance policy. Those who don’t pay will be penalized because all Americans will be forced to purchase a policy.

Besides making sure citizens do buy insurance, the IRS will assess penalties on those who do not. They will also collect new fees from businesses and oversee enforcement.

Already understaffed and overburdened, the IRS will need more agents. The CBO estimates that the extra cost would be $5 to $10 billion over the first 10 years. So far, neither bill in the House or the Senate includes any funding this.

By Tim Edwards

http://www.digitalnewsreport.com/2010/01/03irs-to-be-charged-with-levying-fines-health-insurance/1752