Bill Would Void Tax Penalty if a Co-op Fails

From the Omaha World Herald today:

WASHINGTON — People who lose health coverage when an insurance co-op goes bust would get a temporary exemption from the federal mandate that they maintain insurance, under legislation advanced Thursday by the House Ways and Means Committee.

“People just seeking to do the right thing should not be penalized,” said Rep. Adrian Smith, R-Neb., a member of the committee and the bill’s author.

Smith and his fellow Republicans cast the legislation as a question of basic fairness, while Democrats criticized it for doing nothing to actually provide cov
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