"Today, Ranking Member of the House Ways and Means Committee Dave Camp (R-MI) released a letter from the non-partisan Joint Committee on Taxation (JCT) confirming that the failure to comply with the individual mandate to buy health insurance contained in the Pelosi health care bill (H.R. 3962, as amended) could land people in jail. The JCT letter makes clear that Americans who do not maintain 'acceptable health insurance coverage' and who choose not to pay the bill’s new individual mandate tax (generally 2.5% of income), are subject to numerous civil and criminal penalties, including criminal fines of up to $250,000 and imprisonment of up to five years."
http://republicans.waysandmeans.hous...umentID=153583
As I understand it, this is really a tax in disguise. The govt is forcing young people to buy health insurance they don't need or want so insurance companies can give insurance to people who are uninsurable. No real difference between this and taxing young people to provide health insurance for others.
(As an aside, things like this are one reason I oppose the Fairtax. Govt will just replace taxes with mandates like this.)