I think I can see where we're headed here.
Right now I pay nearly $6,000 a year for health insurance premiums.
Soon, I'll be able to drop health insurance and pay the $700 year "tax" for not having health insurance.
If I get sick I'll just buy health insurance real quick(Pre-existing conditions are not excluded) and check into the hospital.
It's gonna suck for health insurance companies though.
Health insurance company stocks, like humana and wellpoint, are getting crushed on wall street right now by anywhere from 3-8%.