Six million Americans will pay the health care tax rather than obtain coverage under President Obama’s health care law, according to a new Congressional Budget Office estimate Wednesday – a 50 percent increase over CBO’s estimate of just two years ago.
CBO also said there will be 30 million people without insurance, though all but the 6 million will be exempt from the tax. The exempt Americans are a combination of illegal immigrants and those with incomes too low to pay income taxes.
The agency said the government will collect about $7 billion from the tax in 2016, and $8 billion a year thereafter.
The projections apply to 2016, the point at which most of President Obama’s health care law will be implemented and the penalty for failing to buy coverage will have risen to its full amount of $695 per person or 2.5 percent of household income, whichever is greater.
The agency gave several reasons for revising its projections. For one thing, Congress has passed legislation requiring Americans to pay back more health insurance subsidies if they’re overpaid, making buying coverage less attractive.
The economy is also improving more slowly than expected, leading to lower wages and salaries that could make it harder to buy coverage.
And some low-income Americans may have less access to expanded Medicaid programs than originally expected. Several states are expected to opt out of expanding Medicaid, after the Supreme Court ruled in June that the government can’t respond by stripping away all their funding for the program.
The six million expected to pay the penalty is a relatively small percentage of the 30 million non-elderly residents who will be uninsured in 2016.
Read more at THE WASHINGTON TIMES
{Matzav.com Newscenter}
tsk tsk tsk… if one does not contribute to society why should he receive free healthcare, housing, food, schooling… i am not cruel if one is ill he should be treated and when in stable condition sent back to where he legally belongs i respect Arizona for standing up for the contributing citizens
this is just one of the first steps to the destruction of the USA & its government before it collapses
be prepared for all your rights & freedoms to be taken away slowly but surely-not in one shot-& soon WE will not be able to live in the USA as frum yidden. all our rights & freedoms are being taken from us one at a time & the USA is about to become what used to be communist russia
pack your bags NOW & head for Eretz Yisroel, while the pressure is not so hard & before america is attacked by iran. for then it will be too late & everyone will be leaving in poverty, wishing they had left-now-when they were told.
BOTTOM LINE:this is all the work of Hashem & the choice is yours if you wish to leave now or wait & suffer ahead CV
i wish everyone a gmar chasima tova ahead
“pack your bags NOW & head for Eretz Yisroel,”
Indeed — and enjoy Israel’s socialized healthcare system!
I really resent it when Israelis try to deny Americans what they have had for decades.