ObamaCare Penalties Would Impact 50% More People Than Anticipated – 6 Million
The nonpartisan Congressional Budget Office estimated that about 6 million Americans would have to pay a penalty under President Barack Obama’s health-care overhaul for failing to get insurance. That’s about 50 percent more people who will be subject to the tax than the CBO had previously anticipated.
The updated figures are due in part to an anticipated increase in unemployment which will leave millions more without employer sponsored coverage. Another cause for the spike in uninsured Americans rests with the Supreme Courts decision striking down Obamacare’s requirement that states expand Medicaid.
Many American’s aren’t aware that the penalties are so staggering for non-compliance: as much as $695 or 2.5% of your income per calendar year. And there’s no wiggle your way out of it: the penalty is added to your income taxes.
According to House Ways and Means Committee Chairman Dave Camp, the entire package should be repealed:
“The bad news and broken promises for Obamacare just keep piling up. This is yet another example of why we need to repeal this law.”