Millions of Americans are expected to pay a fine rather than buy health insurance.
Obamacare’s individual mandate forces people to either purchase a government-approved level of insurance coverage or pay a fine. The Congressional Budget Office (CBO) recently updated its projections on how many will pay the mandate penalty to about 4 million payers in 2016.
Nearly 70 percent of those that are expected to pay the penalty have incomes that qualify for premium tax credits in Obamacare’s exchanges, meaning they could receive some government subsidy to offset the costs of insurance, although other factors might deem them ineligible.
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