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Payments of Penalties for Being Uninsured Under the Affordab

Daily newsbrief journal for September 2012, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Payments of Penalties for Being Uninsured Under the Affordab

Postby admin » Fri Sep 21, 2012 1:13 pm

Payments of Penalties for Being Uninsured Under the Affordable Care Act
from CBO Recent CBO Publications
Beginning in 2014, the Affordable Care Act (comprising Public Law 111-148 and the health care provisions of P.L. 111-152) requires most legal residents of the United States to either obtain health insurance or pay a penalty tax. That penalty will be the greater of: a flat dollar amount per person that rises to $695 in 2016 and is indexed by inflation thereafter (the penalty for children will be half that amount and an overall cap will apply to family payments); or a percentage of the household’s income that rises to 2.5 percent for 2016 and subsequent years (also subject to a cap).
http://www.cbo.gov/publication/43628
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