The President is once again looking down the barrel of his healthcare reform bill. The Associated Press is reporting that at least 4 million people who do not have health care will be paying fines. According to the Congressional Budget office, the penalties will “average a little more than $1,000 apiece in 2016,” said the report.
It’s just like car insurance. If you don’t have any for your car, in a lot of states, the state will charge you for car insurance. The price tag at the end of the day is a pretty penny. Those in 2016 that don’t tote health insurance and those heaviest hit are the families “making less than 59,000 for ind ividuals and $120,000 for families of four, according to the CBO projections. The other 900,000 people who must pay the fine will have higher incomes. The government will collect about $4 billion a year in fines from 2017 through 2019, according to the report. Read more here.