Shulman Says IRS Has Few ‘Punitive’ Ways to Enforce Health Law
April 5, 2010 by Ryan J. Donmoyer
(Bloomberg) — IRS Commissioner Douglas Shulman said the agency will rely on insurance companies to provide information that individuals are buying coverage as required by the new health-care overhaul.
The Internal Revenue Service has limited ways of forcing those who lack coverage to pay a fine, Shulman said at the National Press Club in Washington today.
He said insurers eventually will be required to file a document similar to Form 1099 used by financial institutions to report investment income. The agency will send letters to the uninsured notifying them fines could be deducted from their tax refunds for refusing to comply with the new law, Shulman said.
bureaucracy, communism, government, health care, legislation, marxism, nanny state, oppression, philosophy, political correctness, politics, public policy, reform, regulation, socialism, taxes