CBO: More people than expected will face health law's penalty

Published on September 21, 2012 at 7:19 AM · No Comments

The Congressional Budget Office now estimates that nearly six million people will face penalties for not getting health insurance as a result of the 2010 health law's individual mandate.

USA Today: CBO: Health Care Penalty To Hit 6M People
That's a 2 million increase over a previous estimate. The average penalty is estimated at nearly $1,200. The requirement that nearly all Americans buy some form of health insurance goes into effect starting in 2014 (Jackson, 9/19).

The Associated Press/NBC News: More Expected To Face Penalty Under Health Law
The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises. The numbers from the nonpartisan Congressional Budget Office are 50 percent higher than a previous projection by the same office in 2010, shortly after the law passed. ... That's still only a sliver of the population, given that more than 150 million people currently are covered by employer plans. Nonetheless, in his first campaign for the White House, Obama pledged not to raise taxes on individuals making less than $200,000 a year and couples making less than $250,000 (Alonso-Zaldivar, 9/19).

Reuters: Six Million Americans Likely To Pay Healthcare Tax In 2016
The 50 percent increase was likely to draw fire from Republicans on the campaign trail who want to repeal President Barack Obama's signature healthcare law and who reject the penalty as a government intrusion into the lives of individuals. ... The law requires most Americans to have some form of health insurance - known as the individual mandate. The law stipulates that those who do not acquire health coverage will face a penalty (Dixon and Morgan,9/20).

The Hill: CBO: 6M People Will Pay Penalty Under Health Law's Mandate
The penalties paid will add up to about $8 billion per year, CBO said. The penalty for going uninsured will be start off at either $695 or 2.5 percent of household income, whichever is greater. It will increase over time (Baker, 9/19).

Bloomberg: CBO Says 6 Million In U.S. To Face Penalty For Lacking Insurance
[T]he CBO said it foresees higher unemployment, which translates into more people without employer-sponsored coverage. It's also a result of the U.S. Supreme Court decision in June striking down the law's requirement that states expand their Medicaid programs, which will leave more uninsured Americans subject to the penalty, CBO said (Faler, 9/19).

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