Obamacare Needs Personal Bank Account Info

Nothing to see here, folks. Under Obamacare, the government gets access to your bank accounts, but it's only to help you make more timely payments for your health needs.

It's not long before the reader encounters just how far-reaching and invasive this bill really is. On page 57, under section 163, there is something that would give the government power to reach into benefits recipients' bank accounts. It is called "Administrative Simplification," and Subsection 1173A of this measure, "Standardize Electronic Transactions" has a provision (a)(2)(B) that ensures that this new governmental power:

"be authoritative, permitting no additions or constraints for electronic transactions ..." (C) "be comprehensive, efficient and robust, requiring minimal augmentation by paper transactions or clarification by further communications;" and, finally, (D) enable the real-time (or near real-time) determination of an individual’s financial responsibility at the point of service and, to the extent possible, prior to service, including whether the individual is eligible for a specific service with a specific physician at a specific facility, which may include utilization of a machine-readable health plan beneficiary identification card;" ... (E) "enable, where feasible, near real-time adjudication of claims ..." (Emphasis added)

Be scared.