Discuss Bill Compton's answer to: IRS to get greater power into your life, thanks to the Presidents Health Care law.

The new tax required to finance Obamacare is the nastiest of penalty taxes.  It exists to penalize persons who already have good healthcare insurance because they will have to continue paying their private coverage in addition to the largest new tax in American history.

That is because Obamacare is not "affordable health care coverage."  It merely functions as "override" coverage for when you exhaust your current medical benefits.  Even then it is doubtful that the Government would have to pay anything because most cases the person is dead and the estate already has "Catastrophic Final Medical Expense" exclusions for such cases.  If your insurance is exhausted, the hospital must dismiss the bill.

Obamacare makes it such an administrative nightmare for hospitals to apply for payment that they might dismiss claims as uncollectable.

However, your IRS bills will hit an all time high and you will see absolutely no benefit.

Thanks a heap Obama.