It's just one of the law’s 18 new tax increases—which are estimated to bring in an estimated $771 billion in revenue over a decade.
Who Will Have to Pay Obamacare’s Individual Mandate Fine?
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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Heritage Foundation AlyeneSenger -- Bio and
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The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
