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Updated over 15 years ago on . Most recent reply

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Timothy W.#3 Off Topic Contributor
  • Attorney
  • Viera, FL
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House Version of Obamacare gives Government access to your private bank account?

Timothy W.#3 Off Topic Contributor
  • Attorney
  • Viera, FL
Posted

Can anyone confirm or refute this?

I received info that in the House's version of nationalized healthcare, HR 3200 page 59: 21 is says that the legislation will ‘‘(C) enable electronic funds transfers, in 22 order to allow automated reconciliation with the 23 related health care payment and remittance ad24 vice;"

Now, as I recall - in the private sector, every time a direct deposit is set up on your bank account it allows not only deposits to that accounts but withdrawals if they determine that they deposited an incorrect amount. In the private sector, direct deposit is voluntary. Now we will have legislated access to your bank accounts? Unless I'm reading this wrong or don't have all the information - it looks like they choose which bank account they will access (or all, if they choose). Can anyone confirm or refute this?

Tim

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