If you don’t have health insurance it’s probably for two main reasons. The first being that you can’t afford it or two, you’re a healthy young person who doesn’t feel like they need it at this point in life. Others may not have health insurance due to lack of employer coverage. Regardless, under new ObamaCare rules lacking health insurance results in a large ObamaCare fine/tax, something that forces people to pay for something they can’t afford and young people to pay for something they don’t need. Not to mention, when people are paying a fine and not receiving healthcare insurance in return, they’re simply throwing money into a black hole that could have been saved to eventually purchase a plan.
Now, the Congressional Budget Office is out with new numbers showing an additional two million people will opt to pay the fine instead of purchasing healthcare. This brings to total number of people to six million.
Under the law, Americans must be insured starting in 2014 or pay a penalty assessed on their tax returns.
Shortly after the legislation passed in 2010, the Congressional Budget Office, working alongside the Joint Committee on Taxation, estimated that in 2016 roughly four million people a year would opt to pay the penalty instead of getting coverage. On Wednesday, the CBO and JCT revised that figure up to six million, citing legislation passed since 2010 as well as the weaker economic