News / Article

Millions Pay the Obamacare Penalty Instead of Buying Insurance. Who Are They?

Source: https://nytimes.com/interactive/2017/11/28/us/politics/obamacare-individual-mandate-penalty-maps.html - Nov 29, 2017

The Senate Republican tax bill includes the repeal of the Affordable Care Act’s individual mandate, the requirement that all Americans purchase qualifying health insurance or pay a penalty. The move could deal a serious blow to the health law.

The repeal of the mandate could result in an estimated 13 million more people without insurance within 10 years, but may potentially lead to federal savings of $338 billion, money that would be used to help pay for broad tax cuts for individuals and businesses. Here’s who pays the mandate’s penalty and how much it costs.

CLICK SOURCE TO READ ARTICLE

Category: General Business