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Old 08-17-2009
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EricOKC EricOKC is offline
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Member Since: Feb 2004
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Re: Sec. 59b. Tax on individuals without acceptable health care coverage

Quote:
Originally Posted by goober View Post
The doctor is selling insurance without a license, and insurance is regulated, because before regulation Insurance companies used to go broke with surprising regularity, making off with the premiums and not paying the claims.

This will be worked out through the proper channels.
No he's not really selling insurance.

Insurance companies are regulated because they are investing the money. They are not directly providing the services.

In this case, the doctor was doing nothing more than what attorneys do with pre-paid legal, or what a car dealer may choose to do with pre-paid maintenance. It isnt insurance by any means. It is pre-payment for basic services at a discount.
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