Obamacare: 8.1 million taxpayers paid $1.7 billion in penalties for 2014
How is that “affordability” working out for you?
Aleister recently noted that the White House is struggling to make Obamacare appeal to millennials.
It seems that it is also having a tough time making it attractive to other demographics, as millions of Americans opted to pay the “non-tax” penalty to forgo obtaining health insurance.
…Nearly 8.1 million taxpayers paid $1,694,088,000 in Obamacare penalties for not having health insurance in 2014, the first year the penalty was in effect, according to the most recent data from the Internal Revenue Service.
“Beginning in 2014, the Affordable Care Act required that individuals must have had health care coverage, qualified for a health coverage exemption, or made a shared responsibility payment with a tax return,” the IRS said. “A health care individual responsibility payment was made on 8.1 million returns for $1.7 billion, an average of $210 per tax return paying this penalty.”
If this is what the “Affordable Healthcare Act” means, I sure hate to think about what an unaffordable one would look like!
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