Contribute
CONNECT:

research

ObamaCare's Individual Mandate Tax To Hit American Families Harder In 2016

- December 9, 2015

According To The Kaiser Family Foundation, American Families Without Health Insurance Will Pay A "Substantially Higher" Tax Next Year On Average, From $661 In 2015 To $969 In 2016. "Americans who remain uninsured in 2016 despite having the option of buying health coverage through an Affordable Care Act marketplace will owe an average tax penalty of $969 per household, a new analysis has found. That amount is substantially higher than the average estimated penalty of $661 for those who went uninsured in 2015, according to the analysis by the Kaiser Family Foundation." (Abby Goodnough, "Americans Who Don't Buy Health Coverage Face Heftier Fine In '16, Analysis Finds," The New York Times , 12/9/15)

  • ObamaCare's Individual Mandate Tax Will Increase By An Average Of 47 Percent. "Households that opt to go without health insurance in 2016 are set to get hit with an average Obamacare fine of $969. That is 47 percent higher than the average $661 penalty per uninsured household for this year, a new analysis by the Kaiser Family Foundation revealed Wednesday." (Dan Managan, "That Obamacare Penalty Will Be Bigger Than You Think," CNBC, 12/9/15)

The Average Uninsured American Family That Doesn't Qualify For Financial Aid "Will Pay An Even Larger Fine For 2016 - An Average Of $1,450, Versus The Average Of $1,177 For 2015." "And households without insurance that earn too much to qualify for financial aid to buy Obamacare plans will pay an even larger fine for 2016 - an average of $1,450, versus the average of $1,177 for 2015." (Dan Managan, "That Obamacare Penalty Will Be Bigger Than You Think," CNBC, 12/9/15

ObamaCare's Individual Mandate Tax Per Adult Has Skyrocketed From $95 Per Adult In 2014 To $695 Per Adult For 2016. The health law requires people without health insurance to either pay a penalty when they file taxes or to claim an exemption. Last year, the penalty was $95 per adult or 1 percent of household income, whichever was greater. This year it is rising to $325 per adult or 2 percent of household income, and for 2016, it will increase to $695 per adult or 2.5 percent of household income. (Abby Goodnough, "Americans Who Don't Buy Health Coverage Face Heftier Fine In '16, Analysis Finds," The New York Times , 12/9/15)

ObamaCare's Individual Mandate Tax Is Reviled For Costing The Middle Class Tens Of Billions Of Dollars

"The Mandate, A Linchpin Of The Law, Is Also The Least Popular Component Of ObamaCare." (Phil Galewitz, "Uninsured People Eligible For ObamaCare Face Average $969 Penalty In 2016," Kaiser Health News , 12/9/15)

  • "The Kaiser Family Foundation Have Consistently Found The Requirement To Have Health Insurance Or Pay A Fine To Be The Most Unpopular Part Of The Health Law." "The administration has walked a fine line over the penalty - while it may motivate people to sign up for health insurance, it is also reviled. Tracking polls conducted by the Kaiser Family Foundation have consistently found the requirement to have health insurance or pay a fine to be the most unpopular part of the health law. (Abby Goodnough, "Americans Who Don't Buy Health Coverage Face Heftier Fine In '16, Analysis Finds," The New York Times , 12/9/15)

ObamaCare's Individual Mandate Cost 7.5 Million Households $1.5 Billion In 2014. "This year was the first time the IRS collected the penalties, deducting them from taxpayers' refunds for the 2014 tax year in most cases. Some 7.5 million households paid penalties totaling $1.5 billion, an average of $200 apiece, according to preliminary IRS data." (Ricardo Alonso-Zaldivar, "Bigger Bite For Health Law Penalty On Uninsured," The Associated Press, 10/19/15)

$43 Billion In ObamaCare Mandated Penalties For Individuals From 2016 To 2025. ("Updated Estimates Of The Effects Of The Insurance Coverage Provisions Of The Affordable Care Act," Congressional Budget Office, 4/14/14)


Previous post

Clinton Pledges Not To Confront VA Wrongdoing To Win Union Endorsement

Next post

The Clinton-Obama ISIS Plan Rejected By Top Dems
Republican National Committee

Connect With Us

Republican National Committee
Chairwoman Ronna McDaniel
News & Videos
  • 310 First Street SE, Washington, DC 20003
  • 202-863-8500

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee. Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee.
Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com