Obamacare is Fading but Not Going Anywhere until 2019

New tax legislation does away with Obamacare’s mandate that one must be covered by health insurance or pay a fine (“tax”… thank you Chief Justice Roberts), with exceptions. BUT, the tax does not go away until January 1, 2019. Most other Obamacare rules and regulations remain in place for now…like a nagging back ache that just won’t go away.

There may be some wiggle room for those facing the tax. Personally, I am not so sure that the IRS has the will or incentive to pursue collecting it. The Patient Protection and Affordable Care Acts (Obamacare) were poorly constructed pieces of legislation, leaving IRS no mandate to collect the tax other than by deducting it from a person’s income tax refund…so, if a scofflaw has no refund coming…no way to collect the tax. Let’s see how that plays out in the near term.

Carpe Diem