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.”
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