Worthy Christian News » One Million Low Income Americans Will Be Forced to Pay Obamacare Penalty

christian news

Worthy Christian News » One Million Low Income Americans Will Be Forced to Pay Obamacare Penalty

(Free Beacon / Worthy News)– Roughly one million low-income Americans will pay a fine under Obamacare, according to the Congressional Budget Office (CBO).

The CBO estimated that four million people would pay the individual mandate penalty for not having health insurance by 2016 as a result of the president's health care law, according to a report released last week,

"All told, CBO and [the Joint Committee on Taxation] JCT estimate that about four million people will pay a penalty because they are uninsured in 2016 (a figure that includes uninsured dependents who have the penalty paid on their behalf)," the report said. "An estimated $4 billion will be collected from those who are uninsured in 2016, and, on average, an estimated $5 billion will be collected per year over the 2017–2024 period."

Source

Copyright 1999-2014 Worthy News. All rights reserved.

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

No Comment

Leave a Reply

Make us your homepage

What is Worthy News?

Worthy News is an independent Christian news agency which reports news not covered by other outlets, on key developments in a rapidly changing world. Worthy News reaches both Christians and non-Christians around the globe and strives to be balanced and make a difference in these strategic times.

Worthy News. Reliable-Trustworthy-Cutting Edge

Recommended Links

  • Editor’s Picks

  • Latest News

  • Most Read This Month

  • Most Read Today


  • 1999-2014 Worthy Christian News » One Million Low Income Americans Will Be Forced to Pay Obamacare Penalty