Only 13% of Uninsured Predicted to Pay Obamacare Penalty

Jason Millman: “About 4 million people in 2016 are expected to pay the penalty for skipping health insurance, the Congressional Budget Office and the Joint Committee on Taxation say in a new report. That’s down from 6 million in their September 2012 projection, mostly because of an increase in those who qualify for an exemption from the individual mandate.”

“The CBO/JCT also expect people earning more than 400 percent of the federal poverty level — the cut-off point for federal tax credits to purchase coverage on Obamacare exchanges — will pay the greatest share of the penalty in 2016.”

(Congressional Budget Office/Joint Committee on Taxation)

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