Can you opt out of Obamacare? Two weeks ago, I pointed out Section 1555, one of the major chinks in PPACA’s armor according to an attorney at the Goldwater Institute. Section 1555 is in the law under “Subtitle G – Miscellaneous Provisions.” Since bringing this up, I’ve heard from some who believe that this section is limited solely to those who sell (“issue”) health insurance.
Here again is Section 1555: “No individual, company, business, nonprofit entity, or health insurance issuer offering group or individual health insurance coverage shall be required to participate in any Federal health insurance program created under this Act (or any amendments made by this Act), or in any Federal health insurance program expanded by this Act (or any such amendment), and there shall be no penalty or fine imposed upon any such issuer for choosing not to participate in such programs.”
I’ve contacted Goldwater Institute’s attorney, Nick Dranius, and other attorneys for more information and opinions. I’ve also transcribed Mr. Dranius’s webinar comments so you can read them for yourself. See “News to Know” below.