This would be the first government required purchase I Know of. Auto insurance is not required unless you own a vehicle. You are not required to buy food, clothing or shelter. All of which are more basic requirements. Plus, what prison and for how long would they send offenders who did not buy insurance, or pay the fine. Seems unenforceable to me.
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Apparently the liberals are going to try. I hear that many people, particularly young people, will just choose to pay the fine because it is cheaper than purchasing health insurance. Then, if they get sick, they will go on the government run plan. This will drive up the cost of the government option, which in turn, will drive up taxes.
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