AP reports that “4 million Americans — the vast majority of them middle class — will have to pay the new penalty for not getting health insurance when President Barack Obama’s health care overhaul law kicks in, according to congressional estimates released Thursday. The penalties will average a little more than $1,000 apiece in 2016, the Congressional Budget Office said in a report.”
Penalties will be phased in from 2014. By 2016, the fine will be $695 or 2.5% of household income, whichever is greater. More than a dozen states are challenging the individual mandate in federal court as unconstitutional.
If only candidate Obama could explain to President Obama why mandates aren’t such a good idea:
Back in 2008, he ripped Hillary Clinton for supporting a mandate, claiming that was a “genuine difference” between them.
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